President Obama keeps talking about “shared sacrifice” and reforming the tax code so “everyone pays their fair share.”
Such statements prove the man in the White House has more in common with Marx than Madison.
Here are the facts, from the National Taxpayers Union:
The top 1 percent of wage earners (those making over $380,000 per year) pay 38 percent of all federal income taxes. In addition, the top 10 percent (they earn over $113,000) cough up 70 percent of all federal taxes.
Meanwhile, about half of all workers pay NO federal income tax.
What Obama is doing is playing a game that Marx loved: class warfare.
When I think of “shared sacrifice” and “everyone paying their fair share” I think of everyone—that would be everyone who has a job—making a sacrifice and paying their fair share. I don’t care if someone only makes $100, they, like the rest of us, should be required to pay for essential aspects of government like the military, CIA, the FBI, and the TSA that are commissioned to keep us all safe.
I personally like the idea of a flat tax—like 10 percent. The guy making a measly $100 bucks would pay $10 and the person earning a million would cut a check for $100K. If this 10 percent across the board plan is good enough for God (I’m referring to the tithe) then it should be good enough for the government.
Folks, we’re out of money. We need to cut the size of our gargantuan government. There must be a massive layoff of federal employees; budgets need to be slashed and frozen. And if we have to pay a federal income tax, everyone should pay their fair share.