If we must have income taxes, then everybody should pay it
The Founders were on to something when they allowed only property owners to vote. I used to think it was a silly premise, but the older I get, the more I follow politics, the more I understand the class warfare card played by liberals, the more I want to go back to allowing only property owners vote. Or perhaps we could update it and make it so that only those who actually pay the income taxes can vote. That will never happen, but the deeper we get into progressive taxation, the smaller the percentage of earners who actually pay those taxes, and we end up with an increasingly broader constituency who votes but has no vested interest in the political system, other than how much they can mooch off their neighbors.
“So I set out to determine exactly who these people are and what makes them tick. In conjunction with Zogby America, I conducted a series of carefully orchestrated polls. For more results than I can write about here, you’ll have to buy my book or go to www.BarackObamaTest.com. First, I found that 60% of likely voters among non-taxpaying Americans favor Obama for president, whereas only 31% favor John McCain. In addition, a majority of the 30% of Americans who don’t pay federal income taxes agree with Obama’s $65 billion plan to institute taxpayer-funded, universal health coverage. On the other side, a majority of the 70% of Americans who pay federal income taxes i.e., the folks who would have to foot the bill for this boondoggle are opposed to Obama’s health care plan.
“A majority of non-taxpayers (57%) also favor raising the individual income-tax rate for those in the highest bracket to 54% from 35%. A majority of non-taxpayers (59%) also favor raising Social Security taxes by 4% for any individual or business that makes at least $250,000.” Stick with me on this, now. “Non-taxpayers support Obama’s plans for increased tax deductions for lower-income Americans along with higher overall tax rates levied against middle- and upper-income households as well. They also want to expand their ranks…” The non-taxpaying Americans “want to expand their ranks from 30% of all Americans to 40%. Obama’s tax plan, with its smorgasbord of deductions and credits aimed at lower-income households, would do exactly that. Today, 70% of Americans shoulder the majority of the federal budgetary burden for all Americans.
