Wealthy Should Pay Their ‘Fair Share’

In case you did not get an invite, CodePink and other groups on the left have been engaged in an #AmericanDream campaign the past few days.

High on the Marxian wish list is that the wealthy should be paying their “fair share,” which was apparently a “big hit” at #DreamMeetings around the country.

Other favorites, by the way, were paying workers enough to survive, the alleged need for single-payer [government-funded] health insurance, and abolishing corporate personhood.

Oh, and these fine Americans want to take their country back.

Another version of the wealthy should pay their “fair share” is that the wealthy should pay higher taxes and that the wealthy should pay more. Nevermind that an estimated 50% of Americans pay no taxes at all and have not for many years.

This is just an echo of POTUS’s recent call for “shared sacrifice” to solve the U.S. debt crisis:

    “Simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts,” he said in his weekly radio and internet address to the nation.

    “That means spending less on domestic programs,” the president said. “It means spending less on defence programs. … And it means taking on the tax code, and cutting out certain tax breaks and deductions for the wealthiest Americans.”

An April 2011 poll by those two nonpartisan media organizations, ABC News and Washington Post, showed that Americans want the rich to dig deeper into the vault:

    Two new polls suggest there is broad support for raising taxes on households making more than $250,000 a year, and all in the name of deficit reduction. …

    A full 72% of adults approve of increasing federal taxes on households making more than $250,000 starting in 2013, according to the latest New York Times/CBS News poll.

    Fifty-five percent of Republicans want the tax hike, along with 74% of independents and 83% of Democrats.

Even CNN, which posted this report, writes: “But is raising taxes on the rich the best way to cut the deficit? Not really. It could be part of a larger set of measures, but on its own, wouldn’t raise all that much revenue.”

So, what is this “fair share” the Left is yammering on about?

In his weekly address, Obama said “if the middle class have to face cuts, then wealthy Americans should ‘pay their fair share’ in return.”

    “We shouldn’t put the burden of deficit reduction on the backs of folks who’ve already borne the brunt of the recession. It’s not reasonable and it’s not right. If we’re going to ask seniors, or students, or middle-class Americans to sacrifice, then we have to ask corporations and the wealthiest Americans to share in that sacrifice. We have to ask everyone to play their part, because we are all part of the same country. We are all in this together.”

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