Obama and
the Pirates
By Peter
Ferrara
American
Spectator
“ . . .President Obama still thinks “the rich,” a crass term
implying low class social envy, do not pay their “fair share.” He has been
barnstorming America saying precisely that for his more than four years in
office now. But the indisputable facts from official government sources say
otherwise.
The
IRS data also shows that in 2009 the middle class, as represented by the middle
20% of income earners, paid just 2.7% of all federal income taxes as a group on
net, while earning 15% of the national income. As a result, the top 1% paid
almost 15 times as much in federal income taxes as the entire middle 20%, even
though the middle 20% earned more income.
With
the expiration of the Bush tax cuts only for “the rich,” and the Obamacare tax
increases going into effect, top federal income tax rates on the rich rose
nearly 20%, the tax rate on capital gains rose nearly 60%, the tax rate on
dividends rose nearly 60%, the Medicare payroll tax rate rose 62%, and the
death tax was permanently restored.
Moreover,
the bottom 40% of income earners as a group on net,
instead of paying some taxes to support government programs, services and benefits,
were paid cash by the IRS in 2009 equal to 10% of all federal income taxes that
year.
The
official IRS data also shows that in 2009 the top 20% of income earners, which
included those earning more than $74,000, paid 94% of federal individual income
taxes. That was 85% more than the share of national income they earned, almost
double. The selfish bastards in that top 20% earned just over half of all the
income in the country at 51%. Is it fair that they earn so much more than the
bottom 20%, which earned almost nothing? Well, I guess that’s what happens when
the top 20% includes nearly 6 times as many full time workers as the bottom
20%.
Marxist Principles
Any normal American would say that such an income tax system is more than fair, or that “the rich” actually pay more than their fair share. So what is wrong with President Obama? Why does he keep saying that the rich do not pay their fair share? Is he ignorant? Wouldn’t somebody in his Administration tell him that his own Administration’s data show otherwise?
Any normal American would say that such an income tax system is more than fair, or that “the rich” actually pay more than their fair share. So what is wrong with President Obama? Why does he keep saying that the rich do not pay their fair share? Is he ignorant? Wouldn’t somebody in his Administration tell him that his own Administration’s data show otherwise?
President
Obama’s belief that “the rich” still do not pay their fair share can only be
explained on the basis of Marxist principles. To a Marxist, the top 1%
earning anything more than the middle class is not fair, no matter how they
earned it, fairly or not. So “the rich” are not paying their fair share as long
as they are left with more than they “need,” as in a true communist system.
This is the only logical explanation of Obama’s rhetoric, and it is fully
consistent with Obama’s entire background, and his own published writings.
Notice
that Obama kept saying that “the rich” don’t need the Bush tax cuts. That
rhetoric follows the most basic Marxist principle, “From each according to his
ability, to each according to his need.”
For
anyone who insists that Obama is only a liberal, and not a Marxist, what is
your explanation of why Obama persists in saying that “the rich” do not pay
their fair share, in the face of the overwhelming official data to the
contrary? Are you saying he is stupid?
The best that can be said for Obama is that anyone who thinks we
should increase federal income taxes on “the rich” still more is maybe a pirate
rather than a Marxist. Perhaps the Obama logo should be replaced by a skull and
crossbones, with a tri-corner pirate hat on top.”
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