During the fight over the debt ceiling, I kept hearing from the left that the rich need to pay their fair share. Setting aside the fact that the top 5% earn 35% of income but pay 60% of taxes, and the fact that higher tax rates on the wealthy produce less tax revenue, I expect [...]
Arthur Laffer (of Laffer Curve fame) and Stephen Moore of the Wall Street Journal had an excellent piece recently on taxes and income. There were several key items that are worth highlighting.
*Between 1983 and 2005 “households in the lowest income quintile saw a roughly 25% increase in their living standards…This fact alone refutes the notion [...]
The middle class actually is shrinking but not for the reasons the Obamedia wants you to believe. Let’s look at the three standard income groups: the poor, the middle class and the wealthy. The number of poor people in the U.S. has shrunk. The number of middle class people has also decreased. The number of [...]
Senator Obama recently said "We can't drive our SUVs and eat as much as we want and keep our homes on, you know, 72 degrees at all times and then just expect that every other country's going to say OK."
The Left, of course, applauded this because we're the bad guys and we're hogging up all [...]