President Joe Biden recently trotted out the well-worn progressive complaint about the rich not paying their “fair share” of taxes.
Missing from such conversations is just what exactly one’s “fair share” of taxes is, and how that is determined to be fair.
That’s because the notion of any objective measure of taxes as being a “fair share” is a complete illusion.
Because mutual consent is removed from the transaction, there can be no such thing as a “fair share” of taxes.
Some may argue that a “fair” tax share for various income groups should be proportional to the share of income earned for those groups.
Complicating the concept of a “fair share” of taxes further still, to the extent the discussion is on income taxes, is that one’s income in any given year may not neatly categorize someone as “rich” or not.
The discussion of the non-existent concept of a “fair share” of taxes should be dropped immediately and exposed for what it is: an arbitrary and artificial notion used to disguise political power grabs.
https://www.aier.org/article/no-joe-there-is-no-such-thing-as-a-fair-share-of-taxes/
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