“Godonomics” author Chad Hovind recalls:
Margaret Thatcher said, “The problem with Socialism is you eventually run out of other people’s money.”
I had a conversation with a teenager recently who parroted the typical bumper sticker thinking of our culture: “Why don’t those rich people pay more taxes?” I asked him how much they are currently paying? He admitted that he didn’t know. I asked him what percentage of the national tax revenue would meet the definition of “their fair share?” He didn’t know exactly. I then gave him some facts to consider:
86% of all income taxes are paid by the top 25% of income earners.
The top 50% of income earners pay 97% of all income taxes.
The top 1% of income earners pay 39% of all taxes.
This young man was shocked. He had never heard these facts. As I looked into his eyes, he looked…almost…like he was…THINKING for the first time. He was engaging his brain and chewing over the chasm between his assumptions and reality. I encouraged him to look it up. I suggested he research the facts to confirm them. Then I asked him to think some more.