On Friday,, Big Government.com posted an article about the dangers to American democracy inherent in the fact that currently 47 percent of American households pay no income tax. In 2006, 40 percent of households paid not income tax.
The article points out:
"By 2012 this could be the first election in which the majority of voters will be able to vote themselves more government largess paid for by a minority of taxpayers. We may soon have to re-jigger the American Revolution's familiar rallying cry into: "Representation Without Taxation!""
This is a true example of more people climbing into the wagon and fewer people being willing to pull the wagon.
The article then goes on to cite some of the current figures on who pays taxes:
"Statistics vary slightly but it can be argued that the top five percent of US households pay 60% of federal income tax. Ten percent account for over 75%. Another two-fifths make up the rest. And half are exempt. And yet...twenty percent of US households get 75% of their income from the federal government. Another one-fifth receives 40% of their financial support from Uncle Sam. Think about what this means in terms of fiscal responsibility down the road. How receptive to cutting taxes which they do not pay, or cutting government spending, from which they benefit, is a majority voting block going to be in the future? Indeed, what does this say about our prospects for economic growth or curbing the size and scope of an ever growing government colossus in the face of a crushing $20 trillion deficit looming on the horizon?"
It's becoming very obvious that the answer to our financial problems is not to raise taxes on the rich, but to begin collecting taxes from the poor!
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