Taxing The Left Would Balance Budgets, Too
IRS data indicate that the top 1% of US taxpayers pay about 45% of all income taxes in the United States. The same data indicate that 49% of the US population contributes absolutely nothing. Yet we still hear the nonsensical “Tax the rich!” mantra on infinite replay (yawn). It started with Karl Marx’s Communist Manifesto in 1848. Marx – the quintessential socialist who mooched off others all his life - thought that confiscating the earnings of productive people would be fun. Socialist movements always start with “Tax the rich!” and always end in economic ruin. It’s a ...