Alexandria Ocasio Cortez got into a heap of trouble with the House Ethics Committee because she attended that Met Gala last year. Remember the one? She came into the gala wearing a dress that cost about a grand (which she didn’t pay for), that read “Tax The Rich” on the backside. She’d had her hair done ($300), got her makeup done ($250), and got matching shoes and handbag for the occasion (another $400). Plus the cost of the ticket to the gala was around $30,000. So, AOC was into this thing for about $32,000 all told, minus the limo ride to the event.
And she wants to tax the rich?
Let’s be fair for a minute, shall we? First of all, she’s NOT rich. She only has a net worth of $100,000. That’s about $650,000 less than what the average American’s net worth is. So, I can understand her wanting to soak somebody that’s not her. We all want that, right? Have the other guy pay the taxes?
Well, the other guy DOES pay the taxes.
It was just reported that the IRS data shows that in 2020 (the latest data available), the top 1% of Americans paid 42% of the income taxes in this country. In fact, 47% of all Americans pay NO income taxes what-so-ever.
Now, let me ask the question…fair being fair…is it fair for the wealthy in this country to spring for the rest of us? I know that from a purely selfish standpoint, I’d say, “Hell yes!”. But is it really fair? The answer has to be no.
So, while AOC flaunts around Washington and New York in style, enjoying the rich lifestyle that someone else is paying for (because you can’t afford it with a net worth of a hundred grand!) the real tragedy here is the unfairness that has been unleashed in the country by the left.
The left feels that if they redistribute enough wealth, they’ll gain the loyalty of those getting the money from those that have the money. That’s basically the whole Robin Hood theory, right? Steal from the rich and give to the poor? But the problem is it doesn’t work. There are problems with that way of thinking.
First of all, the wealthy know money better than non-monied people. They know how to make it, and they know how to protect it. And they contribute a lot more than you and I do to the campaigns of the people that actually write the tax laws. So, they have an “in” that we don’t have. That’s a tip in the scales of fairness in their direction that will be monumentally hard to sway back to the middle.
Second, you have to understand that being so well off means that the wealthy are fluid. Not just with their cash, but with their lifestyles. Look at someone like John Kerry or Al Gore, two very well known wealthy liberals. Kerry has a net worth of $250 million (most of it because he’s married to Theresa Hines Kerry…of the Hines ketchup fortune), and Al Gore is worth $300 million, most of it inherited from daddy. If there ever came a time when the wealthy couldn’t protect their money, trust me on this, they’d be out of the country so fast, you wouldn’t even be able to see the jet trails from their private aircraft.
There is a solution. Not everyone will like it, but it IS fair. That’s the flat tax. It’s been debated for decades, but the left doesn’t want it for one simple reason. You can’t redistribute wealth when everyone pays the same percentage. And as long as that is the left’s primary goal, to create a society that basically makes everyone equal in monetary circumstances, regardless of how hard they work, you’re going to need something that is unfair for the rich.
AOC’s problems in the House Ethics Committee aside, taxing the rich isn’t the answer. It never has been. It only leads to the wealthy looking for newer and better ways to hide their money. And they are much better at it than the rest of us are.
Carry on world…you’re dismissed!
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