{ "href": "/post/2012/07/18/barack-obama-is-right-someone-did-build-the-roads-rich-people/", "relId": "2012/07/18/barack-obama-is-right-someone-did-build-the-roads-rich-people", "title": "Barack Obama Is Right. Someone *Did* Build The Roads: Rich People.", "author": "pmjones", "markup": "html", "tags": [ { "href": "/tag/economics/", "relId": "economics", "title": "Economics", "author": null, "created": null, "updated": [], "markup": "markdown" }, { "href": "/tag/government/", "relId": "government", "title": "Government", "author": null, "created": null, "updated": [], "markup": "markdown" } ], "created": "2012-07-18 15:02:35 UTC", "updated": [ "2012-07-18 15:02:35 UTC" ], "html": "
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Barack Obama said that \u00e2\u0080\u009csomeone\u00e2\u0080\u009d built the roads and bridges and Internet and he\u00e2\u0080\u0099s right. Someone surely did, and that someone, thanks to our progressive income tax system, was a rich person. The latest data from the CBO show that the wealthiest one percent pays more than 22 percent of all income taxes -- the money that builds all the infrastructure that \u00e2\u0080\u009chelped\u00e2\u0080\u009d them get rich. In fact, they pay a larger share in taxes than they earn of the total wealth. In other words, even if the government acted the way Barack Obama says it does, \u00e2\u0080\u009cmillionaires and billionaires\u00e2\u0080\u009d pay more into our government than they get out of it. That number holds true for the richest 20 percent, which includes incomes as low as $273,000 a year -- the area where you will find nearly every small business owner. They paid almost 70 percent of all income taxes despite earning only 50 percent of all income.

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via The Truth Behind President Obama\u00e2\u0080\u0099s Attack on Success : The Sundries Shack.

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