PRAGER U: Is America’s Income Tax System Fair?

Short answer: absolutely not, but renowned author and economic historian Amity Shlaes, who wrote two books (Coolidge and The Forgotten Man) that no educated American should go without reading, gives a short but comprehensive talk on why.

People think that the rich should pay their fair share of taxes, and when you present them with the idea that someone who makes twice what they make ought to be paying twice what they pay, most would say that sounds right. But that’s not the system we have; not when half of us don’t pay any income tax at all and the top 10 percent pay 70 percent of the tax burden.

But here – let’s let Amity tell it. She does it better…

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