To the incessant liberal litany that the “rich” need to pay “their fair share” of taxes, one can only note these IRS figures:
The top 1 percent of all earners pay 40 percent of all federal income taxes. The top 5 percent pay 60 percent. The top 25 percent pay 86 percent of all income taxes, and the bottom 50 percent pay only 3 percent of taxes. It’s fairly obvious that you can only soak the “rich” so much.
Batchelder logic is always entertaining, but rarely enlightening.