"A measure of wheat for a penny! A measure of wheat for a penny! But touch not the oil and the wine!"
PS, the "poor" used oil and wine. In other words, "Touch not the government dependents free stuff."
I don't know if anyone else has noticed this, but the freeloaders aren't being asked to sacrifice one damn thing.
Exactly. All we hear about is the need for the “rich” to pay “their fair share” (straight line Marxist agitprop).
Well the simple facts of the matter are:
- If we were to raise the tax rate to 100% for all those earning over $250,000 per year, it would result (at least in the first year) in generating about $900 Billion in new tax payments. This is NOT even enough to cover this year's projected deficit (est. $1.5-1.65 Trillion). And how long does anyone think a confiscatory 100% tax rate would last?
- If fedgov seized ALL of the wealth of all those earning over $250,000 per year, which by its nature is a one-time proposition, it would yield roughly $1.5 Trillion--which would barely cover this year's projected deficit. Then what???
The simple fact of the matter is that the top 20% of tax payers in the US pay a larger portion of total taxes than in any other developed nation in the world (regardless of national size). And they pay it at a much higher rate as well. So who isn't paying “their fair share?”
Seems to me that it is time for the roughly 50% of the nation that is paying NO income tax to start to kick in their “fair share!”