A named gentlemen Borden Bradley t. told his daughter - we call their little Borden - a tax parable that he called miss the Prince and the pauper who believes he proves that the rich from the politicians have purchased, to less than their fair share of taxes (added highlighting) to pay:
"So, Dad, the Prince of less tax paid and caused the beggars to pay, although made less money?"asked my daughter.
"Yes," I said. "The Prince was able to influence the law and reduce tax, rent its taxes."
"But the beggars couldn't" interrupted.
"Right."
", Which is apparently fair not," she said. Then asked: "Princes and beggars in America we?"
"Most people in America are more like the beggar." I replied. "You have income from work, which in General is taxed." "A small percentage of people are however, as the Prince, and have a lot of your investment income that is taxed or not at all."
"The Prince has to invest the money he would the beggars to benefit as he said,?", asked you.
"I don't think so", I replied.
"Why not the Supreme Governor could spend only less?" asked me.
"The head less spent, he would have to cut services." At some point, the Government can no longer cut services. Also of less expenditure would not make gerechteren taxes. "
Bradley Borden is yet another soak the rich true believers not to read and understand a basic tax diagram.¹
I hate your Daddy worship bubble, little Miss burst flanges, but the truth is that (your Daddy calls the Princes EM) pay about 60% of all of the top 5% income earners in America taxes and the bottom 50% (the beggar) pay less than 5% of all the taxes.
See my blog post entitled, the share of taxes paid increased during the Bush tax cut years by the rich.
In good class warfare form gives Mr. Borden us then the mandatory Maulian disbelief at how all think mid-range or poor person may not seize more of the wealth which range from (emphasis added) could encourage:
Finally, the difficult question asked [my daughter]:
"When so many Americans like the beggars are and might pay less money if everyone paid a fair share, say why more people Congress tax law change?"
This is an excellent question for which I have no answer.
What really here says Borden is that he did not understand, why agree to a majority of people will not, trample take caused to the rights of a minority of the population to some of their wealth. It is a telling if not surprisingly, approval of someone who belongs to an ideological cadre made their living from defending the rights of minorities.
Well, I have an answer for little Miss Borden:
Americans do not believe in class warfare as your dad, because they understand and appreciate the dangers of a Government that the wealth of the few haves to it, the many seized have nots. In other words, the beggars are smart enough to know that Stalinism was tried before and failed.
The lesson little Miss Borden should learn but is not, from her dad's adorable little parable is to not believe everything, your dad says it.
Footnotes:
¹ Below is a chart from the tax Foundation, the percent of the federal income tax, by each income group paid are listed. Made as Nick Gillespie says, "whatever else you want to say about the Bush tax rates you the wealthy pony up more of the whole."
Percent of the federal income tax paid by each group
Year top 01 top 1% of top 5% 5-10% top 10 10-25% top 25 25 50 top 50% bot 50%
(Hat tip: Paul Caron)
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