Mitt Romney, himself a successful and wealthy man, recently called for higher income taxes on the so-called “Rich” in exchange for entitlement reform. While we’ve usually agreed with his politics, we’d point out that according to the nonpartisan Tax Foundation, in 2022, the top 1% paid 40% of total income taxes. Meanwhile, the bottom 50% paid only 3% of all income taxes. We’ve always claimed that government in general has a spending problem rather than an income problem, and we’re certainly not advocating that the bottom 50% pay more in taxes; but Governor Romney knows this: The government often promises reform but seldom if ever delivers, no matter what carrot they are offered.
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