{"id":4674,"date":"2011-07-30T20:23:36","date_gmt":"2011-07-31T00:23:36","guid":{"rendered":"http:\/\/blog.beliefnet.com\/news\/?p=4674"},"modified":"2011-07-28T21:43:42","modified_gmt":"2011-07-29T01:43:42","slug":"godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems","title":{"rendered":"GODONOMICS: Why can&#8217;t we tax the rich some more and fix all our problems?"},"content":{"rendered":"<p>&#8220;Godonomics&#8221; author Chad Hovind recalls:<\/p>\n<blockquote><p>Margaret Thatcher said, \u201cThe problem with Socialism is you eventually run out of other people\u2019s money.\u201d<\/p>\n<p>I had a conversation with a teenager recently who parroted the typical bumper sticker thinking of our culture: \u201cWhy don\u2019t those rich people pay more taxes?\u201d I asked him how much they are currently paying? He admitted that he didn\u2019t know. I asked him what percentage of the national tax revenue would meet the definition of \u201ctheir fair share?\u201d He didn\u2019t know exactly. I then gave him some facts to consider:<\/p>\n<p>86% of all income taxes are paid by the top 25% of income earners.<\/p>\n<p>The top 50% of income earners pay 97% of all income taxes.<\/p>\n<p>The top 1% of income earners pay 39% of all taxes.<\/p>\n<p>This young man was shocked. He had never heard these facts. As I looked into his eyes, he looked\u2026almost\u2026like he was\u2026THINKING 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.<\/p><\/blockquote>\n<p style=\"text-align: center;\"><strong><a href=\"morehttp:\/\/blog.beliefnet.com\/godonomics\/2011\/07\/why-cant-we-just-tax-the-rich-some-more-and-fix-all-our-problems.html#ixzz1SsaOaEED\" target=\"_blank\">CLICK HERE to read more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Godonomics&#8221; author Chad Hovind recalls: Margaret Thatcher said, \u201cThe problem with Socialism is you eventually run out of other people\u2019s money.\u201d I had a conversation with a teenager recently who parroted the typical bumper sticker thinking of our culture: \u201cWhy don\u2019t those rich people pay more taxes?\u201d I asked him how much they are currently&hellip;<\/p>\n","protected":false},"author":270,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fbia_status":"","footnotes":""},"categories":[100],"tags":[1203,286,1204],"class_list":["post-4674","post","type-post","status-publish","format-standard","hentry","category-commentary","tag-chad-hovind","tag-margaret-thatcher","tag-socialism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GODONOMICS: Why can&#039;t we tax the rich some more and fix all our problems?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can\u2019t-we-just-tax-the-rich-some-more-and-fix-all-our-problems\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GODONOMICS: Why can&#039;t we tax the rich some more and fix all our problems?\" \/>\n<meta property=\"og:description\" content=\"&#8220;Godonomics&#8221; author Chad Hovind recalls: Margaret Thatcher said, \u201cThe problem with Socialism is you eventually run out of other people\u2019s money.\u201d I had a conversation with a teenager recently who parroted the typical bumper sticker thinking of our culture: \u201cWhy don\u2019t those rich people pay more taxes?\u201d I asked him how much they are currently&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can\u2019t-we-just-tax-the-rich-some-more-and-fix-all-our-problems\" \/>\n<meta property=\"og:site_name\" content=\"Beliefnet News\" \/>\n<meta property=\"article:published_time\" content=\"2011-07-31T00:23:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2011-07-29T01:43:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GODONOMICS: Why can't we tax the rich some more and fix all our problems?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can\u2019t-we-just-tax-the-rich-some-more-and-fix-all-our-problems","og_locale":"en_US","og_type":"article","og_title":"GODONOMICS: Why can't we tax the rich some more and fix all our problems?","og_description":"&#8220;Godonomics&#8221; author Chad Hovind recalls: Margaret Thatcher said, \u201cThe problem with Socialism is you eventually run out of other people\u2019s money.\u201d I had a conversation with a teenager recently who parroted the typical bumper sticker thinking of our culture: \u201cWhy don\u2019t those rich people pay more taxes?\u201d I asked him how much they are currently&hellip;","og_url":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can\u2019t-we-just-tax-the-rich-some-more-and-fix-all-our-problems","og_site_name":"Beliefnet News","article_published_time":"2011-07-31T00:23:36+00:00","article_modified_time":"2011-07-29T01:43:42+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems","url":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems","name":"GODONOMICS: Why can't we tax the rich some more and fix all our problems?","isPartOf":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website"},"datePublished":"2011-07-31T00:23:36+00:00","dateModified":"2011-07-29T01:43:42+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/07\/godonomics-why-can%e2%80%99t-we-just-tax-the-rich-some-more-and-fix-all-our-problems#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.beliefnet.com\/columnists\/news"},{"@type":"ListItem","position":2,"name":"GODONOMICS: Why can&#8217;t we tax the rich some more and fix all our problems?"}]},{"@type":"WebSite","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website","url":"https:\/\/www.beliefnet.com\/columnists\/news\/","name":"Beliefnet News","description":"Top Religious News From Around the World","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.beliefnet.com\/columnists\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"","url":"https:\/\/www.beliefnet.com\/columnists\/news\/author"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/4674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/users\/270"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/comments?post=4674"}],"version-history":[{"count":10,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/4674\/revisions"}],"predecessor-version":[{"id":5073,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/4674\/revisions\/5073"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/media?parent=4674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/categories?post=4674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/tags?post=4674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}