Sunday, April 11, 2010

Approaching the tipping point

It has always been true that the overwhelming majority of income taxes are paid by the “rich” (whatever that term means). We are fast approaching the point where half of the population does not pay income taxes at all. Think about that – they can vote, but they don’t pay income taxes. Check out the recent article in The Washington Times: Half of households pay no income taxes; Top earners pay 73 percent

“A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.” Alexis de Tocqueville

As Democrats lead the attack on Wall Street, the rich, and corporate America in general – de Tocqueville’s words ring true. Fully forty-seven percent of Americans make money now on April 15th by voting for liberal candidates who are undermining the very pillars of our market based economy. They are voting to strangle the goose that lays the golden egg.

No doubt we are racing to the conclusion that Alexis de Tocqueville foresaw in the early American republic when he said: “The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.”

Conservative Resistance Day – 523
Days until we vote the spendthrifts out - 205

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