September 30, 2021 | This week, President Joe Biden attempted to inject life
into his ailing presidency by dragging out of the closet the hoariest of
 
September 30, 2021

When Politicians Call For ‘Fairness,‘ They’re Usually Lying
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By Ben Shapiro
 
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This week, President Joe Biden attempted to inject life into his ailing
presidency by dragging out of the closet the hoariest of political cliches:
“fairness” in taxation. Touting his new $3.5 trillion tax and spending bill,
which would radically increase corporate taxes, personal income taxes and
so-called sin taxes, Biden stated, “It’s not enough just to build back; we have
to build back better than before … I’m not out to punish anyone. I’m a
capitalist. If you can make a million or a billion dollars, that’s great. God
bless you. All I’m asking is you pay your fair share. Pay your fair share just
like middle-class folks do.”

 

Of course, those who earn high incomes don’t pay like middle-class folks do.
They pay far, far more. IRS statistics show that the top 1% of income earners
pay more in federal income tax than the bottom 90% combined — while the top 1%
earned 21% of all income in 2018, they paid 40 % of all income tax revenue. The
top 10 % paid over 70 % of all federal income tax. In fact, according to the
American Enterprise Institute, those in the highest quintile of income earners
pay, on average, well over $50,000 per year in net taxes — taxes minus
government benefits received — while those in the bottom 60% of income earners
receive net tax benefits. According to The Washington Post, the top 10 % of
American income earners pay nearly half of all income taxes, compared with just
27% for the top 10% of Swedes, 31% for the top 10% of Germans, and 28% for
France’s top 10%.
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