There may be some of you who receive this who voted on November 6th to give President Obama a "do over." If so, I'm sure you believe he just needs a little more time to fix the economic problems caused by everybody but him. And if so, I'm sure you must also believe that everything would be just ducky if the "rich" would just pay their "fair share." You know, the people earning over $200,000 as individuals and $250,000 as couples. The "millionaires and billionaires," as Barack Hussein Obama likes to call them. That would include the average Costa Mesa cop married to the average Costa Mesa high school teacher. Unless the cop's been a cop for more than 10 years, and then he would qualify as "rich" all by himself. Stop the next cop you see on the street and ask him if he feels "rich."
Let's take a look at exactly what the "rich" pay and then decide if they're paying their "fair share."According to the IRS' own website, the top 1% of wage earners in America bring in 16.9% of all income and pay 36.7% of all income taxes.
The top 5% earn 31% of all income and pay 58.7% of all income taxes.
The top 10% earn 43.2% and pay 70.5%.
And 49.1% of all Americans pay no income taxes at all!
So, I ask, exactly what is that "fair share" that those vile, fat cat rich people owe and ought to be paying? 50%? 75%? 100%?
And what, I ask, are these "rich" people to do when they need to invest more of their earnings in their businesses when that extra discretionary cash they've been using has been extricated by the Feds? And why, I ask, do those Chicago writ-large politicians currently infesting D.C. continue with their putsch when they have to know it will kill jobs? Yes, why?
Our Campaigner-in-Chief is back at that campaigning game he loves so much. Today finds him in a suburb of Philly begging his hipmOtized minions to call their congress-types and demand they vote to screw the "rich." One of Benjamin Franklin's most famous observations was that "Democracy is two wolves and a lamb voting on what to have for lunch."
Except in this case, the lamb employs all the other animals in the barnyard.
Maybe a better question is, what, exactly, is the "fair share" for the one-half of America who are paying no income taxes at all?
So, for those who bought into this shell game, did you know before you read this that the "rich" are already paying way, way, way more than their fair share? No? Feel like you've been lied to?
Ummm, yes, you have…