Oct 25, 2015

Thomas Sowell Meme Perfectly Explains the Liberal War on the Family, Economics


By on Sunday, October 25, 2015

From Thomas Sowell:

At the recent televised debate among candidates for the Democrats’ nomination for president, Hillary Clinton declared that “the wealthy pay too little” in taxes and “the middle class pays too much.”


Some people might wish to argue about whether that is true or not, but no rational argument can be made on either side of this issue, because the words used are completely undefined. Nor is Hillary Clinton the only one who talks this way.

It is one of the many signs of the mindlessness of our times that all sorts of people declare that “the rich” are not paying their “fair share” in taxes, without telling us concretely what they mean by either “the rich” or “fair share.” Whether in politics or in the media, words are increasingly used not to convey facts or even allegations of facts, but simply to arouse emotions.
Undefined words are a big handicap in logic, but they are a big plus in politics, where the goal is not clarity but victory — and the votes of gullible people count just as much as the votes of people who have common sense.

What a “fair share” of taxes means in practice is simply “more.” No matter how high the tax rate is on people with a given income, you can always raise the tax rate further by saying they still are not paying their “fair share.”

Advocates of higher tax rates can get very specific when they want to. A recent article in The New York Times says that raising the tax rate on the top 1 percent of income earners to 40 percent would generate “about $157 billion” a year in additional tax revenue for the government.

This ignores mountains of evidence, going back for generations, showing that raising tax rates does not automatically mean raising tax revenues — and often actually has led to falling tax revenues. A fantasy expressed in numbers is still a fantasy.

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