EVERYONE SHOULD PAY INCOME TAXES
April 14, 2009
Picture an upside-down pyramid. The only way it can stand is by spinning fast enough or by having a wide enough tip. The federal version of this is the tax code; the government collects its money almost entirely from the people at the narrow tip and then gives it to the people at the wider side. So long as the pyramid spins, the system can work. If it slows down, it falls. It's also what's called redistribution of income, and it is getting out of hand, says Ari Fleischer, former press secretary for President George W. Bush.
Today, President Obama wants the "wealthy" to pay even more so there is more money to redistribute. He says he wants the wealthy to pay their "fair share" but, yet, he never defines what that means, says Fleischer:
- Is it fair for 10 percent to pay 70 percent of the income tax?
- Does he believe they should pay 75 percent, or 95 percent, or does fairness mean they should pay it all?
- Obama adds to this trend with his "Make Work Pay" tax cut that means almost 50 percent of the country will no longer pay any income taxes, up from a little over 40 percent today.
- In addition to exempting almost 50 percent of the country from income taxes, nearly every other social cause is given a loophole in the tax code.
But this type of growth only redistributes massive amounts of wealth. Instead, we should have a tax code that creates growth and reforms our entitlement system, says Fleischer.
Congress should start by refusing to go along with Obama's promise to cut taxes for 95 percent of the country. With the government running an almost $2 trillion deficit, no one should have their taxes cut. Given the size of the deficit, fiscal responsibility demands nothing less, says Fleischer.
Source: Ari Fleischer, "Everyone Should Pay Income Taxes," Wall Street Journal, April 12, 2009.
Browse more articles on Tax and Spending Issues