The rich don’t mind high taxes, in fact, they want to pay more, Senate Majority Leader Harry Reid (R-Nev.) claimed during a radio interview with KNPR radio Thursday.
The math shows a large number of people are unhappy even though they pay no income taxes at all.
We almost always face an uphill battle in our efforts to restrain the power and greed of the political class. And in some areas, such as the fight for pro-growth and humane tax reform, I see very little reason for hope.
Are your taxes fair? Over half of Americans Say Their Income Taxes are Fair. And 46.6% Paid No Income Tax in 2011. The top 20 percent of Americans earn 53.4 percent of the total U.S. income, but pay 67.2 percent of total income tax. Is that fair?
To the list of liberals who vote for higher taxes -- and then proceed to complain about them -- add comedian Bill Maher.
“Entrepreneurs must be allowed to retain the wealth they create,” writes George Gilder, author of Wealth and Poverty, “because only they, collectively, can possibly know how to invest it productively among the millions of existing businesses and the innumerable visions of new enterprise in the world economy.” Money flows to those who can use it best and create the most value.
Please tell me this is some sort of a sick joke. Phil Mickelson is a professional golfer. He makes boatloads of money. Millions. What’s more, he makes boatloads of money for a lot of other people in the process, including generating massive contributions to charity. He’s a jobs creator and an engine of economic growth, as are many other pro golfers and athletes.