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Overnight Open Thread

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DaddyG2/19/2010 9:30:06 am PST

No sane person argues that everyone shouldn’t pay their fair share of taxes to support the basic infrastructure of our government - and provide for the common welfare.

The argument is how much is enough?

The emotional appeal to “fair share” and “rich vs. poor” is bogus. What we really need to compute taxes on is the tax revenues generated by tax structure and rates. Defining a small business owner who has all of his 1-2 million in net worth tied up in cash flow as rich then taking a sizable chunk of his gross income each year could kill large swaths of our economy and reduce revenues.

If you are only talking about the top 1% then there isn’t enough money there to run the government if you took it all.