Other People's Money
For the administration, it’s not about the money—as we have heard again and again, it’s about “fairness.” The president believes that we will be a better nation if we redistribute more money from those who have more to those who have less. How much more do we need to redistribute until our system is fair?
As you ponder this question, remember the facts: The wealthiest 5 percent of Americans already account for 59 percent of federal income taxes. Nearly half of our citizens pay no federal income taxes at all—yet two-thirds of us believe that everybody should at least pay something, even if just to remind ourselves that government isn’t free. The Tax Foundation reports that the percentage of Americans who are net takers from the tax system is nearing 70 percent.
If our system is not yet “fair,” what will make it so? If the top 5 percent paid 75 percent of the total? Or 95 percent? If they could, would it be ideal for the top 1 percent to carry all the rest of us so we could finally have a tax code that is “fair and balanced”?
This is not the America that our Founders believed in—nor a debate they would have conducted. They did not struggle to make America the nation of claimants we are rapidly becoming. They would not have recognized our current leaders’ definition of fairness in terms of forced redistribution. And they would most certainly not have agreed that the answer to rampant government overspending is to tax our citizens more.