Georgia Democrat Congressman Hank Johnson said that we don’t have enough taxes to help the government do what it needs to do. He said that the solution is to tax the rich and corporations so that they’re paying their fair share. CNS News reported:
Rep. Hank Johnson (D-Ga.) says when it comes to taxes, “we don’t have enough to do what the government – and do what the country needs the government to do and that’s the problem.”
The Georgia Democrat told WABE radio last week that, “If everyone is paying their fair share of taxes than we certainly should and can live within our means.”
“But our problem now is that taxes are being paid by the middle class. The rich, the wealthy and the corporations are not paying their fair share and so therefore we don’t have enough to do what the government and do what the country needs the government to do and that’s the problem.”
Earlier in the WABE interview Johnson said the country is divided between free-marketers and those that seek more government involvement.
“I do realize that we are at a philosophical divide in this country,” Johnson said.
“One between free-marketers who think that everything should be left up to the free market economic system, laissez-faire capitalism, and that there should be limited government, versus those who believe in a government involvement in the macro economy.”
“That is the ideal that’s at stake here.”
CNSNews.com reported in 2014, taxpayers earning $100,000 or more a year pay 71.6% of the nation’s share in individual federal income taxes, according to the Internal Revenue Service.
According to a projection from the non-partisan Tax Policy Center, the top 1 percent of Americans will pay a 32.4 percent share of federal taxes in 2016.
Looking at numbers from the Congressional Budget Office and the IRS, the Heritage Foundation reported in April, “the top 1 percent pays 24 percent of all federal taxes compared to 35 percent of all federal income taxes.”
He can say what he will, but my fear is that if we end up with too many taxes, our country will tip over and capsize.
The problem is not that the government is underfunded. It’s that it’s vastly overfunded and careless to the ridiculous extreme. The government doesn’t produce anything on its own. It extracts money in the form of taxes from hard-working Americans and then does with it what it wants. It uses the money to grow itself, make more regulatory agencies, create new programs, create problems, and sometimes it just flat out misplaces trillions of dollars.
But it doesn’t matter, because it’s not really the government’s money. Which is also why the government thinks it can be as “generous” as it is. It’s easy to be generous with other people’s money. But everyone knows that the problem with socialism is that eventually you do run out of other people’s money.