by B Smith

Created on: December 20, 2011   Last Updated: January 26, 2012

What idiots we must be in order to believe the wealth envy argument that has been so prevalent in our daily discussions that it is now threatening to shape our behavior through the legislative process. From the “Occupy” movement to the
“millionaires and billionaires” that is preached to us daily by President Obama, we hear about the greedy corporations, the evil bankers, and the corporate jet owners and how that if they only paid their fair share, our country would once again be great.

Just what is their fair share by the way? If they make 50% of all income should they pay 50% of all income taxes? That is an argument that sounds logical. So just what do they make? What percentage does the top 1% of wage earners pay in income taxes as a percentage of all income tax collected? The top 1% of all wage earners in this country pays roughly 36% of ALL income taxes collected. Let me put that another way: 1% of wage earners pay OVER 1/3rd of ALL income taxes. http://ntu.org/tax-basics/who-pays-income-taxes.html

Just what is their fair share supposed to be? Do you want them paying 50% of their income? 90%? How about we take 99% of their income? Will that make you happy? Are you that envious that you don’t want them to keep the fruits of their labor? Come on and answer me! How much money do you want to DENY the person making it because they “make too much”?

Here is a question for you to ponder as you wonder whether to hit the back button and read something else: Let’s pretend that the 5% tax hike goes into effect, okay? How does this 5% tax increase on the rich create jobs? Have you ever considered how a job is created? A person (for simplicity) comes up with an idea. He ponders his idea and considers if there is a need for his idea. Let’s say its horseshoes. Back at the beginning of the 1900’s, there were many horseshoe makers. There was a demand. So someone learned how to make them and went into business. He tried to make them at as low a cost as possible then sold them. He took the money and bought more supplies, bought advertising, etc. and continued to grow his business. Once he became successful enough, and there was a large enough need for his product, he hired someone. Then maybe someone else. Then he might have hired someone to run the front office. He might have built onto his building which would allow him to make more horseshoes thus allowing him to hire more employees, etc.

Here is the point: Every

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