On The Punitive Taxation Of America’s Richest, by Richard M. Salsman

Posted: April 29, 2019 by gamegetterII in Uncategorized

STRAIGHT LINE LOGIC

The income tax is not only theft, its progressive theft, with those who make more being robbed disproportionately. From Richard M. Salsman at aier.org:

The rich in America don’t pay their “fair share” of taxes, according to critics of capitalism and of inequality who propose a near doubling (to 70 percent) of the current top federal tax rate on personal income. Many such critics also demand a new wealth tax on previously earned income that’s been saved and invested. But what’s a “fair share?” Why is 70 percent the right and proper tax take? Why not 50 percent? Is today’s top rate of 35 percent inherently fair? Why not 10 percent?

Ask anyone who’s willing to define or defend “fair share” in this context — whether a tax expert, an editorialist, or a neighbor — and you’ll likely hear not hard facts and solid logic but a host of…

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