Tag: fair share

Via International Man

Bloated governments around the world are faced with worsening fiscal conditions. Strapped for cash, they continue to squeeze every drop of wealth that’s within their reach through money printing and higher taxes. Today, we ask Jeff Thomas to weigh in on how to ensure you don’t become collateral damage in the next crisis.

International Man: We see this trend playing out around the world in the US, across Europe and in third world countries. Desperate governments are always in need of more capital. What does that mean for people who earn money and want to keep it?

Continue reading “Do This Before Politicians Make You Pay Your “Fair Share”…”

Guest Post by John Stossel

Do you pay enough taxes? What is enough?

When asked on “60 Minutes,” Rep. Alexandria Ocasio-Cortez didn’t seem to have a specific tax rate in mind, but then she said, “back in the ’60s … you see tax rates as high as 60 or 70 percent.”

Suddenly, 70 percent tax rates are a progressive plan, although Rep. Ilhan Omar added, “We’ve had it as high as 90 percent.”

She’s right.

That was the top tax rate when I was a kid, and today, many Democrats say if we’d just raise rates on rich people, government would have plenty of money to pay for our wonderful programs.

But it’s a myth. What progressives don’t say, perhaps because they don’t know it, is what economic historian Dr. Phillip Magness explains in my new video: “No one actually paid anywhere close to those rates.”

Continue reading “Your Fair Share”