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By Henry Lamb June 23, 2008 Page 2 of 2 This, of course, is not a perfect world. The "progressive" tax rate system arises directly from the socialist philosophy "From each according to his ability; to each according to his need." Despite all the political rhetoric about fairness, there is nothing fair about the progressive tax system. Barack Obama thinks it is fair to increase the tax on the man who harvests 200 watermelons, and reduce the tax on the man who harvests 100 watermelons, using the flawed logic that since the second man has more, he can afford it. This logic ignores the principle that what a person earns should be his. It ignores the principle of equal opportunity, and equal burden. And, perhaps worst of all, it penalizes productivity and success. Progressive politicians are clamoring to impose "windfall" profit taxes on big oil companies. They are quick to recite the $36 billion in profits big oil reported during the first quarter of 2008. But they fail to mention that this amounts to less than eight percent of gross income. If progressives can justify this tax, then why is the tax not applied to every corporation that earns eight percent profit, or more? During the last quarter of 2007, Microsoft earned more than 40 percent profit on gross income. There was no cry for a "windfall" profit tax on Microsoft. U.S. tax policy is horrendous, and every time Democrats gain control, the tax policy worsens. This issue should be among the highest priorities for every voter in 2008. --- Henry Lamb is the Chairman of Sovereignty International , and founder of the Environmental Conservation Organization (ECO). -------------------- Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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