You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Government
The greedy government never has enough revenue
2019-02-03
[American Thinker] A significant number of journalists and other Democrats are jumping on the wealth tax bandwagon because they say the rich don't pay their fair share and that the tax code is not progressive enough.

The top 20% of earners paid 87% of income taxes even though they only earned 52% of the nations' income. How much more progressive would you want it to be? It appears that journalists, along with most Democrats, want the richest counties in the United States (which are around DC where they produce nothing) to get richer while holding down the opportunities for those throughout the rest of the country, especially the poor and middle class (who you pretend to care about).

Most of the richest 20% today did move up the economic ladder. They did not inherit the money but somehow, even if they did, Democrats think they are entitled to a greater and greater share of what other people earn.

To Democrats, the problem is the government never has enough revenue even though it collects a record amount. There is always something new to tax, and today, it is wealth or marijuana or gambling or just raising rates on the "rich" without acknowledging that taking more money out of the private sector slows growth. They never seem to suggest that government can live with less.

In FY 2009 the government collected $2.1 Trillion. In FY 2017 it collected $3.32 Trillion and it continues to grow. That is up around 60% in eight years. Have individuals received a 60% raise in eight years. I don't think so, but Democrats want more for the government.
Posted by:Besoeker

#5  I read an article the other day complaining that there are an awful lot of unfilled management level jobs in the executive branch these days — positioning it as a failure in the part of President Trump and the congressional Republicans to propose and confirm necessary personnel. I wonder how much of that is deliberate... and how much money has been saved by not paying those salaries and benefits for two years.
Posted by: trailing wife   2019-02-03 14:44  

#4  but what about Atherton, Palo Alto and Mountain View........ they should be exempt because, Democrats
Posted by: 746   2019-02-03 11:49  

#3  You want money? Reduce trusts funds to covering offsprings who are mentally or physically handicapped. Hammer the rest. So many are Donk money banks for the party and its members, not likely. Remember, use other peoples money (till you run out of it).
Posted by: Procopius2k   2019-02-03 10:24  

#2  Social Security was always a ponzi scheme but it went into self destruct mode when the Donks threw out the books and looted the revenue stream for social programs like the Great Society. Just Venezuela in slow motion.
Posted by: Procopius2k   2019-02-03 06:10  

#1  Votes are expensive.
Posted by: g(r)omgoru   2019-02-03 04:18  

00:00