Ben Shapiro
๐ค SpeakerAppearances Over Time
Podcast Appearances
Vietnam saw a million dead in re-education camps and purges.
And that's not to mention the tens or even hundreds of thousands dead who disappeared in Cuba or Venezuela.
Let's talk about the objections that socialists will speak on behalf of socialism against capitalism.
Objection number one, the rich don't pay their fair share.
Utter horseshit.
Leftists today say that our progressive income tax does not take into account the fact that billionaires barely have any salaried income whatsoever and that the wealthy borrow against their assets.
They say that corporate tax rates should be hiked as well.
And they say the government debt problem isn't real.
We can always just print more money.
First of all,
Most U.S.
tax collections are on businesses, according to the Tax Foundation.
Out of $4.4 trillion collected by the government in 2017, only $308 billion was non-business tax collection, or about 7%.
As for the income tax, who pays it?
Well, in 2018, the top 1% of earners paid $616 billion in federal income tax.
That is 40% of all federal income taxes.
The top 1% of taxpayers account for about 20% of the nation's income.
The top 0.1% of taxpayers paid a greater share of the income tax burden than the bottom 75% of taxpayers combined.
We already have a massively redistributive system, a massively progressive tax system.
And by the way, none of this includes what people receive back in tax dollars, meaning, for example, the earned income tax credit, which disproportionately affects low-income households, many of whom don't pay tax in the first place.