Tuesday, December 11, 2012

Obama's Fantasy: "Mirror, mirror, on the wall, who's the fairest of them all?"

I'm quite sure that every time Obama looks into a mirror, he see's himself as some great progressive liberal who is, unlike his adversaries, the conservatives, finally bringing real social justice to America.  He often refers to this as fairness.  Fairness where the rich will finally pay their fair share in taxes.  After all, the rich are just a bunch of tax dodging, wealth draining, overlords who have gained everything they've earned off the backs of the poor.

But, if Obama truly looked into a magic mirror -- as did the evil queen in the fairy tale Snow White -- it probably wouldn't respond the way that Obama would have liked.  That's because the mirror knows that the President is not the fairest in the land.   In fact, Obama's idea of fairness is a complete fantasy. To this point, I present the following table that was prepared by the prestigious financial advisory group, Kiplinger:


According to the above table (which was sourced from official 2009 IRS records), the top 1% of all wage earners in this country earned 17% of all the income; yet, paid 37% of all the taxes.  Still Obama feels that the rich aren't paying their fair share in taxes. This then begs the question: What is a fair share?  To any logical person, it would seem that, if the rich earn 17% of all incomes, their fair share would be to pay 17% of all the taxes.  Instead, they pay more than double that amount. You see, once you go beyond the rich paying a share of taxes that is equal to the total amount of income they earn, the true concept of the word "fair" is completely lost.  At that point, fair becomes totally undefinable.  In other words, in the  minds of socialists like Obama, the rich will never be paying their fair share.   Even if they're being taxed into utter destitution.   Which, by the way, is the true objective of redistribution of wealth.

--- Source of Table: http://www.kiplinger.com/features/archives/how-your-income-stacks-up.html


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