Hillary Clinton is an Ignoramus

Politico is reporting that Hillary Clinton believes, "The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] — whether it's individual, corporate or whatever [form of] taxation forms," and went on to state, "Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — they're growing like crazy, And the rich are getting richer, but they're pulling people out of poverty."

Perhaps a brief history lesson is in store for Madam Secretary. Harding and Coolidge cut taxes from 60% to 25% beginning with the Revenue Act of 1921, which incidentally spurred growth in Federal Government revenues. Check out this link from Cato Institute for a more in depth explanation. Not only that, but the tax burden for those in the highest bracket went from paying 29.9% of taxes in 1920 to 61.3% of taxes in 1928, something Progressives should be able to take comfort in.

Here's another example for Madam Secretary to ponder. Reagan also cut taxes across the board, reducing the top margin from 70% to 50%. Here's a link from the Joint Economic Committee expounding on the benefits. Federal Revenue nearly doubled from $244 billion in 1980 to $446 billion in 1989. Again, the tax burden for those in the highest bracket went from 48.0% to 57.2%. Those making between 50th percentile and 95th percentile income saw their tax burden drop 8.8%. Those in the bottom 50th percentile saw their burden drop from 7.5% to 5.7%.

Lastly, in this country we learned this past year that 47% of Americans would pay $0 in Federal Income taxes, thus one could easily state that the bottom 50th percentile that once paid 5.7% of income taxes, now pays 0%. My question to Hillary is as follows: What exactly constitutes "fair share"? This really begs the question, will Progressives ever be satisfied with the amount of taxes the "rich" pay? I say no, and this stems from my belief that Progressives despise wealthy individuals, they truly believe that somehow their gains are ill gotten and therefore no matter what percent of the taxes they pay, it will always be insufficient.