Wednesday, April 14, 2010

Redistribution to freeloaders - what's yours is theirs

According to Phyllis Schlafly, not only do 47 percent of Americans pay no income tax, but the bottom 40 percent actually profit from the tax code. That is, the bottom 40 percent have zero liability, but receive up to $5,657 per years in tax credits. Add to this, the various welfare programs, and it pays pretty well to be "poor". This is in your face redistribution from the industrious to the not-industrious.

The linked article also mentions the top 10% of wage earners pay 73% of the tax burden. With this knowledge, the evil rich do not seem quite so evil.

Why doesn't the MSM present these facts on six o'clock news? Oh ya, because they are leftists. If these facts were widely known, I don't think the American people would stand for it. Common fairness and decency would not allow it. Children on a playground could figure out the unfairness of such a scheme.

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