Stephen Moore – Who’s the Fairest of Them All (Encounter Books)

The talking point became a mantra for Obama and the Democrats during the run up to the election that the “rich” need to “pay their fair share.” This class warfare line was repeated so many times that my ears started to bleed.

The problem is, not one member of the lazy media ever bothered to ask exactly what a “fair share” really amounts to! When you consider that the Top 1% of earners pay 39% of the total income tax nut, the Top 25% of earner clock in at 86% and the Top 50% reach 97% of all income taxes, it seems like a relevant question.

Economist, Wall Street Journal editorial board member and Club for Growth founder Stephen Moore not only asks the question, but provides a clear, concise (just a shade over 100 pages) and easy to understand (even for the average Obama voter) answer in his latest book, Who’s the Fairest of Them All.. Simply put, this should be required reading for every American.

 

In the space of a couple charts and graphs, Moore slices, dices and hammers to dust the Liberal argument against so-called “tax-cuts for the rich.” He details the undeniable facts that every time it’s been tried, cutting tax rates has resulted in an increase in the tax revenues to the treasury.

Surprisingly, Moore points out, “the Republicans almost universally opposed and the Democrats almost universally favored” the cuts in income tax rates that were proposed by President John F. Kennedy. Makes you wonder about what spurred the 180 degree flip by the parties.

While Liberals may be allowed to hold onto their own twisted version of reality, they are not allowed to twist the facts. Moore lays bare with facts the fallacy of the liberal mindset that tax cuts come with a price tag to the government and that the only way to bring an increase in revenues to the Federal coffers is to elevate the rate of taxation.