Power-line’s Scott Johnson comments editorially, in the Christian Science Monitor.
When Barack Obama responded to the Ohio plumber who didn’t want his taxes raised by saying that he wanted to “spread the wealth around,” I wanted to tell the Illinois senator to spread his own wealth around.
Senator Obama, in a rare moment of candor, all but told “Joe the plumber” that his wealth should be seized in the name of equity. Their personal encounter this past Sunday played out one of the old themes of democratic politics: the appeal to the many to take from the few. It’s traditionally an easy sell in democratic regimes.
Despite Obama’s implication to the contrary, however, it doesn’t represent much in the way of change.
The personal income tax, the federal government’s main source of revenue, is collected overwhelmingly from a relative handful of Americans. Indeed, the most recent IRS data shows that the top 1 percent of filers paid nearly 40 percent of all income taxes. That means the top 1 percent paid about the same as the bottom 95 percent, according to the Tax Foundation, a nonpartisan research group. The bottom 50 percent paid just 3 percent.