Pro-Illegal Protester Taunts Marines by Showing His Mad Push-Up Skills
Law Student Whines About the Big Beautiful Bill Capping Student Loans at $50K...
Deranged Leftist Cynthia Nixon Dons 'Make Abortion Great Again' Hat
Rachel Bitecofer Says GOP's 'Small Government Lunacy' Killed Kids in Flood
Selling a Fantasy: Former AOC Supporter Issues Warning About Zohran Mamdani
CNN Analyst Digs Further, Says MAGA Upset by Chorus of Experts Scolding Them...
Bill Melugin Has More Info About 8 Deportees Rep. Pramila Jayapal Would Like...
Months After a Peaceful Election, The Hill Says Majority of Americans Worry About...
FOWL: Chicken Rights Activists (Yeah, That's a Thing) Protest at Trader Joe's (WATCH)
BIG BEAUTIFUL SALE: Celebrate the OBBB's Passage With 74% Off VIP Memberships!
CNN Analyst Wants to Know If DOGE Is to Blame for TX Flooding
L.A. Mayor Karen Bass Is Big Mad Because the Big Beautiful Bill Prioritizes...
'Six Months to Destroy America': Dr. Strangetweet Responds to Leftist Caterwauling
Dan Bongino Shreds NY Times Into Confetti Over 'Trump's Politicized FBI Made America...
What a Difference a Year Makes: Western Lensman Shares Another Fourth of July...

Grover Norquist: 'The Claim That the Rich Pay Little or No Tax Is a Lie Based on Fake Figures'

AP Photo/Susan Walsh, File

Grover Norquist tweets, "The claim that the rich pay little or no tax is a lie based on fake figures."

Advertisement

The rest of Norquist's tweet reads, "... income tax. The proportion of total income tax paid by the richest has risen massively over the past two decades. In 2001, the top 1% of earners in the United States paid a third of income tax — 20 years later they are paying almost half."

High-dollar earners paying out the wazzu in taxes is something that ends up affecting everyone and everything in an economy. They are, in many cases, those whose capital ultimately flows toward job creation and investment. When they have less of that capital, that is less capital available to be invested or put toward the potential employment of others. A six-figure earner could be precluded from granting those he employs a raise due to paying a higher tax bill, which would have a directly inhibiting effect on the upward economic mobility opportunity of the person employed. At the same time, a six-figure (or more) earner could be precluded from making certain luxury purchases, which would remove significant capital flow and private-sector stimulation of the overall economy. This affects everyone and everything. The quality of certain goods produced and services offered by businesses run by high-dollar earners will be impacted because less money will be available to be spent on the quality of goods and services. The expansion of the economy, the increase of consumption and employment options, will be inhibited because investors who would otherwise put capital behind innovative and entrepreneurial endeavors and start-ups will be paying more of that capital in taxes.

Advertisement

In their effort to sell tax increases, Democrats often use phrases akin to, "Taxes will not be raised on anyone making less than (insert amount here)." But what about the reduced payroll amount for the employee making less than (insert amount here) because his or her employer had to pay a higher tax rate?

There is a difference of fundamental ideological perspective that lies at the heart of the effort to divide "rich" America and other America. Those who understand the opportunity provided by free market economics are less concerned about what the so-called "rich" are paying as they are about building their own wealth and ascending the earning ladder. They understand that the economic structure afforded by the freedom that exists in the United States of America can result in upward economic mobility. The emphasis is on rising to the top rather than bringing down the roof.

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement