Our president loudly proclaims that the rich should pay their fair share of taxes. I agree.
How should "fairness" be defined? Since our tax system is geared to income, a person's tax should be pegged to the amount of income received. Any other allocation under our system would be illogical, arbitrary and unfair.
How should Congress legislate this "fairness" doctrine? Let's say that one group comprising 5 percent of the population receives 35 percent of all income; that group should pay 35 percent of the total income tax. The remaining 95 percent of the population should pay 65 percent of the tax. Sound fair? Surprise. The 5 percent of taxpayers should get a tax refund of 24 percent since they already pay 59 percent of the total income tax. To tax this group more is the exact opposite of "fairness" and is clearly counterproductive to an incentive for wealth creation. Our president should thank and not vilify the 5 percenters.
"Unfair" taxation to achieve re-allocation of wealth does not promote free market capitalism, but rather is an attempt at equal sharing of all wealth -- or communism.
Government leaders who encourage downright ridicule of successful wealthy Americans fail to recognize that making rich men poor does not make poor men rich. In promoting an entitlement society, these leaders are eroding our long-standing values of conscience, pride, hard work and entrepreneurship.
Fortunately, our democracy permits correction through the ballot box. Vote in 2012 to restore American greatness.