House Speaker John Boehner (R-Ohio) was asked recently about why it’s wrong to ask the wealthy to sacrifice.
“Come on,” he said. “The top 1% paid 38% of income taxes in America. How much more do you want them to pay?”
The Washington Post ran a good “Reality Check” item the other day, noting that while the wealthiest of the wealthy pay 38% of income taxes, they’ve also seen their incomes soar in recent decades, while everyone else’s incomes have been stagnant.
Just as important, while these very Americans are paying a larger percentage of the nation’s overall income taxes, they’re also paying a smaller share of their personal income in income taxes.
This is what #Occupy is all about: ending the failed, decades-long policy of supply-side tax policy that rewards wealth, instead of work.