Thursday, June 15, 2017

The Greediest People in America Are Liberal Democrats - John Hawkins

The perfect place to start a column like this is with that notorious Elizabeth Warren quote that made liberals fall in love with her.

“There is nobody in this country who got rich on their own. Nobody. You built a factory out there - good for you. But I want to be clear. You moved your goods to market on roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory... Now look. You built a factory and it turned into something terrific or a great idea - God bless! Keep a hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”

Have you ever noticed how many straw men and false assumptions there are in those few short sentences?

For one thing, since roughly 45% of Americans pay no income taxes at all, “the rest of us” didn’t pay for roads, education, police forces or a military. Of course, that doesn’t even tell the whole story because 60% of American households receive more from the government than they pay in taxes. In other words, if you pay more in taxes than you receive from the government, you are a MINORITY in America today.

As someone who’s probably not going to be in the top 1% of income earners this year (The year’s not over yet and I’m an optimist!), but who pays a lot more in taxes than I receive in government services, let me just note that I APPRECIATE those 1%ers who are paying nearly half of all federal income taxes. Real world, if you add it all up, most of these people are paying somewhere around 50% of their net income in taxes. The ones that aren’t typically are paying a capital gains tax which should be called the, “We’re going to hit you again on the money you already paid on once because we can” tax.


Read the rest of this story here:
The Greediest People in America Are Liberal Democrats - John Hawkins

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