The rich are being taxed at ever-higher levels, while more workers at the bottom of the income ladder are paying no taxes at all. As for spending, resources flowing to those at the bottom far outstrip those flowing to those at the top.
Far from 'favoring the rich,' as many believe, our tax code is massively redistributionist, sending literally trillions of dollars into low-income homes and far less into wealthy homes. This may be good or bad, depending on your point of view, but the fact is it's happening. And those who argue that recent tax cuts 'benefit the rich' ignore the reality.
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No one minds helping the truly needy. But as with welfare in the pre-1996 reform era, reliance on government can become a habit — imposing huge costs on our national economy.
Worse, a 'what's in it for me?' attitude seems increasingly the norm. Once a nation of stoic, self-reliant individualists, America now seems full of people who think other taxpayers owe them something. They see the 'system' as a giant cow to be milked — and damn the cow.
This is backed up by polling data. In a 1994 Pew poll, 57% agreed with the statement 'Government should care for those who can't care for themselves.' Today, it's 69%.
It's sad enough when a nation punishes its most productive citizens and rewards the least productive. But the real shame is that there are so many myths about taxes and poverty we can't even have an honest discussion about it.
Monday, April 2
The entitlement mentality
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