income redistribution

Bernie Sanders Just Another Tax-Evading Liberal Hypocrite

bernie

Bernie Sanders has won the hearts of basement-dwelling socialists everywhere with his angry, septuagenarian rants against the evils of capitalism and the greedy One-Percent, his denunciation and vilification of America’s top earners and producers, and a market system he deems “unfair” to the poor and the middle class (he actually once argued that there are poor kids in America because consumers have too many choices of deodorant).

Sanders has also repeatedly criticized anyone who takes advantage of standard tax deductions in order to lower their taxable income, and therefore their effective tax rate, stating on his campaign website that “We need a progressive tax system in this country which is based on the ability to pay. It is not acceptable that corporate CEOs in this country often enjoy an effective tax rate which is lower than their secretaries.”

Study Finds Unemployed Support Legalized Theft

gbs_socialism

A “startling” new study published recently in the Proceedings of the National Academy of Sciences takes a deeper look into how employment status impacts people’s views on wealth redistribution, and finds that people who work for a living prefer to keep more of the money that they’ve earned. In related articles, the science journal discovers other “startling” facts, such as water is wet, and fire is hot.

The only thing startling about these findings is that anyone would be startled by these findings. Human nature, despite the often absurd claims of the intellectual class, has not changed since Adam and Eve were cast out of the garden (or, if you prefer, since fish flopped onto land and turned into lizards, which turned into birds, which turned into apes, which turned into people…though I may have missed a couple of mutations there).

In the study, participants were invited to play anonymously in a “redistributive justice” game in which each player is allocated a different sum of money, and each player knows how much the other players have received. Prior to the start of the game, players had to engage in a specific task for which they were rewarded, with the best outcomes producing the higher rewards. The rules were as follows:

CBO study sheds light on income redistribution

Amid falling poll numbers, thanks to the Obamacare meltdown, President Barack Obama has tried to change the narrative with familiar, tired themes of income equality and higher taxes on the wealthy. But a new study from the Congressional Budget Office (CBO), via CNS News, undermines these themes, showing that the 40% of households paid 106.2% of net income taxes in 2010 (emphasis added):

The top 40 percent of households by before-tax income actually paid 106.2 percent of the nation’s net income taxes in 2010, according to a new study by the Congressional Budget Office.

At the same time, households in the bottom 40 percent took in an average of $18,950 in what the CBO called “government transfers” in 2010.

Taxpayers in the top 40 percent of households were able to pay more than 100 percent of net federal income taxes in 2010 because Americans in the bottom 40 percent actually paid negative income taxes, according to the CBO study entitled, “The Distribution of Household Income and Federal Taxes, 2010.
[…]
Although they paid negative federal income taxes on average in 2010, Americans in the bottom 40 percent of households did end up paying some taxes to the federal government that year, according to the CBO.


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