The rich have to pay their fair share! This is the favorite line from the Libs and the Progs who will have you believe that the rich are evil, greedy people who do not earn their wealth but have acquired it through shady means. Not only that, but the rich keep getting richer while the poor keep getting poorer. That’s another favorite prog line. Unfortunately for the wealth envy crowd, this is simply not the case. Although, the class warfare warriors know that they can get away with this tact because most people are too ignorant to know what the truth really is, or research it for themselves. People buy into the wealth envy rhetoric because it makes them feel better about their life choices … for many it justifies their moocher existence.
And just what is the truth? Well, it turns out that the rich are paying nine times as much as the poor when you take income into account. Another great article from the American Thinker has the numbers – Deconstructing the Left’s Argument for Increasing Tax Rates on the Rich:
Let’s examine the numbers a little more closely, looking at the tax share relative to income share for the two groups between 1980 and 2008. The share of income tax paid by the rich in proportion to the share of their total income went from 2.25 to 1.9 between 1980 and 2008, while the same ratio for the poor went from .40 to .21. The effective tax burden (tax share in relation to income share) was 5.62 times higher for the rich than for the poor in 1980 and 9.0 times higher in 2008. Thus, the relative tax burden on the rich — relative to income — compared to the poor nearly doubled from 1980 to 2008 — from 5.62 to 9.0.
The sad fact here is that it is going to take something more than a basic government school education to understand what you’ve just read. This means that those numbers are lost on the vast majority of Americans, and pretty much all of the people who love to prance around demanding that their politicians make the rich pay “their fair share.” We can’t tax the producers into prosperity.