This article appeared online at TheNewAmerican.com on Wednesday, October 16, 2019:
In his zeal to prove the specter of “income inequality” that has been talked about by every Democrat running for the presidency, New York Times writer David Leonhardt turned out a 1,400-word book report. The book in question, The Triumph of Injustice, written by a couple of left-wing professors at the University of California, Berkeley, claims that, thanks to Trump’s tax policies, the rich pay a lower tax rate on their income than do the rest of us. Wrote Leonhardt,
The overall tax rate on the richest 400 households last year was only 23 percent, meaning that their combined tax payments equaled less than one quarter of their total income….
President Trump’s 2017 tax cut helped push the tax rate on the 400 wealthiest households below the rates for almost everyone else.
This is proof positive of the present inequity of the system since the “overall rate was 70 percent in 1950 and 47 percent in 1980.” In other words, in the upside-down world of liberal economic thinking, higher taxes on the wealthy is a good thing, while allowing them to keep more of their wealth for themselves is a bad thing.
Leonhardt added that it’s a class struggle between the “haves” and the “have-nots” of classical Marxist theory: