Wealthy people and fair taxation for everyone, yes, even those that get a free ride.

There are many people out there that think it is okay to tax the really wealthy, because after all, they have so much money and it isn't fair to those of us that don't have a lot. We have discussed this notion on my page here, and that is not really the idea of this note.

I wanted to point out that the wealthiest 5% of Americans own basically 95% of everything in our country when it comes to wealth. They are the ones that own all the companies that we all depend on for work. They own the Farms that we rely on for food. They manufacture the things we buy, and employ millions of workers. They are the ones that give tens of billions of dollars to charitable causes every year. They fund community outreach programs that help the needy. They give globally to causes to help people around the world, and they pay 60% of all the taxes that are used to operate out governments and provide essential services locally. All the entitlement programs are made possible because of these mega rich people.

Obama now wants to take away their tax deductions for their properties. He wants to raise their tax rates as well. He wants to tax businesses for their carbon usage. He wants to take away there deductions for their charitable contributions.

When I was filing my taxes this year I noticed that you can no longer deduct cash contributions. You have to have a form from some organization. I think it was gone last year as well, but I can't remember. You use to be able to write-off $200 I think it was per year without documentation. I wonder whose bright idea it was to eliminate that tax credit, hmm. I think I know but the effect is I am sure people give less out of pocket to the homeless people. When you take away credits like this people do remember. It is an incentive for people to give, because they can rationalize that they can write it off and actually get it back in a way. But when you get rid of it and people realize this, they give less than they would normally, it is human nature. Yes some will give the same because it makes us feel good, but was it really necessary?

What about the millions and millions of Americans that enjoy all the services that Federal and Local governments have to offer, yet, they pay ZERO income taxes. Is it fair that they don't share in the burden as is a familiar liberal phrase going around. We should all share in the pain of the economy shouldn't we. Why is it we think it is all right that people don't pay anything and yet we expect others to pay for them?

I know that I would have no problem paying a flat percentage of my income every year to the government. Why not do away with all the deductions and credits, period. Everyone just pays 15% of their income and we are done with it. One page income tax sheet. Granted all those tax preparers would be out of a job. Hell, our employers could be taking this tax out as they already do and there would be no need for people to file tax returns at all. Why should someone with 5 kids get to pay a lower income tax than someone with no kids? Married versus single.

As usual this idea will never be implemented because certain groups in our country would not be able to accomplish their agendas with this method of taxation. It would be very difficult to redistribute the wealth of our country.