Friday, December 10, 2010

Polifacts checked Bernie Sanders' assertion that "the top 1 percent of all income earners in the United States made 23.5 percent of all income, more than the entire bottom 50 percent," and declared it true.

The key words here are "earners" and "made." If you earn something, you deserve it. If you make something, you create wealth that wasn't there before. Yes, it's just semantics, but it underscores a truth and a question. Did they really "earn" that much of all income? Did they make that much? And does the government have any greater right to that income than that 1 percent? The tax code is such a quagmire that it's almost impossible to say how much any group really pays in taxes. But according to the tax tables, their income tax rate is already higher than nearly everybody else's too, and soon, their estate tax rates will be, too.
Why should the government take more of it and transfer it to people like me?


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