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The greedy government never has enough revenue
The top 20% of earners paid 87% of income taxes even though they only earned 52% of the nations' income. How much more progressive would you want it to be? It appears that journalists, along with most Democrats, want the richest counties in the United States (which are around DC where they produce nothing) to get richer while holding down the opportunities for those throughout the rest of the country, especially the poor and middle class (who you pretend to care about). Most of the richest 20% today did move up the economic ladder. They did not inherit the money but somehow, even if they did, Democrats think they are entitled to a greater and greater share of what other people earn. To Democrats, the problem is the government never has enough revenue even though it collects a record amount. There is always something new to tax, and today, it is wealth or marijuana or gambling or just raising rates on the "rich" without acknowledging that taking more money out of the private sector slows growth. They never seem to suggest that government can live with less. In FY 2009 the government collected $2.1 Trillion. In FY 2017 it collected $3.32 Trillion and it continues to grow. That is up around 60% in eight years. Have individuals received a 60% raise in eight years. I don't think so, but Democrats want more for the government. Posted by: Besoeker 2019-02-03 |
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