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%.
So what, precisely, does Biden mean by “pay their fair share”?
Perhaps he means simple sloganeering. Like Rep. Alexandria Ocasio-Cortez donning a Cinderella ball gown emblazoned with the words “TAX THE RICH” to the Met Gala — a dress made by Aurora James, a woman who owes tens of thousands of dollars in back taxes and who has received over $40,000 in federal pandemic aid — class warfare sloganeering is more about the sloganeering than the class warfare. No Democrat seems prepared to define what “fairness” constitutes, other than “a word I use to pander to the rubes, while hobnobbing with the rich.”
And Biden’s “fairness” pitch has to do with good economic policy, of course. In 2008, then-Sen. Barack Obama was asked during a debate about raising the capital gains tax, even if it lowered net government revenue. He answered, “I would look at raising the capital gains tax for purposes of fairness.” In other words, Obama explicitly stated that he would damage the economy on behalf of a vague, kindergarten notion of equal outcome.
In the end, the “tax the rich to be fair” notion rests on a simple lie: the lie that income distribution is purely a matter of privilege or luck. It isn’t. In the main, in a free market system, income distribution is the result of successful decision-making that must be incentivized rather than punished if we wish to see a more prosperous society. Some people game the system; some are indeed beneficiaries of insider deal-making. But most success in capitalism is due to innovation, entrepreneurialism and creativity. Biden’s “fairness” cuts directly against these core elements of progress on behalf of political pandering.
If we truly care about fairness — a more nuanced and complete definition of fairness that encompasses rewards for productive decisions and disincentives for counterproductive decision-making — we must abandon the politically convenient notion that those who earn more have somehow stolen from the system and must be punished for their crimes. Lack of distributive equality does not equal unfairness, and anyone who argues differently abandons the real world — and the possibility of a better life for everyone — in favor of the flattering lie that all roads ought to end in the same basic material outcome.
Ben Shapiro, 37, is a graduate of UCLA and Harvard Law School, host of “The Ben Shapiro Show,” and editor-in-chief of DailyWire.com. He is the author of the New York Times bestsellers “How To Destroy America In Three Easy Steps,” “The Right Side Of History,” and “Bullies.” To find out more about Ben Shapiro and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.
“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.”
We all know that when the government increases taxes on corporations that #1. They pass down that tax to the consumer. Everything that you buy will increase in price to pay or #2. they take their corporation and their jobs OUT of the U.S..
The Tax and Spend lying socialist Democrat Party IS NOT looking out for our citizens and illegal immigrants.
The lying, traitorous socialist Democrat Party is setting themselves up to be our DICTATORS. 🙁 🙁 🙁
John 8:44
You belong to your father, the devil, and you want to carry out your father’s desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies.
FACTS like that never EVER matter to commucrats!
“I’m not out to punish anyone. I’m a capitalist.” Lash me with a wet noodle! At every instance since his inauguration every action taken has been about some form of punishment for those not adhering to mandates which have assumed a political character rather than a health concern. Only the big capialists will be able to survive in the business climate he proposes which is also tied into the political system, gone is the military industrial complex being replaced by a mutual government/ business monopoly.
Hey Joe, you obviously failed math. The top 10 percent of income earners pay 71% of the income tax, the top 20% pay 87% of the income tax. So the rich pay the majority of the taxes. The people, who are healthy and on welfare pay nothing in income tax, so the welfare people do not pay their “fair share” and they vote for you, Joe Criminal!
WHICH IS why he wants to PUNISH the rich and reward the leeches.. TO KEEP them voting dem for life.
Uncle Joe WHEN are you and JILL going to pay that $500,000 tax bill you owe !!!!!
OR call on the IRS TO arrest Al Sharptongue, for his MILLIONS HE OWES In back taxes…
“Some people game the system; some are indeed beneficiaries of insider deal-making” And a lot of those gaming the system are the elected politicians and government appointees.
They deliberatly make the laws, SO THEY CAN GAME the system!
>>”When Politicians Call For ‘Fairness,’ They’re Usually Lying”<<
That's comical…
It should say, "When politician's lips are moving, they're ALWAYS lying". Even when they used sign language, they're lying.