Do the well-off really not pay their fair share of taxes?

  • by:
  • Source: The Hill
  • 10/04/2021
Donning an expensive “Tax the Rich” gown at the $35,000 per-ticket Met Gala, Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) publicity-seeking, hypocritical stunt serves as a metaphor for the disdain many populists on the left and right seem to hold towards the well-off.

Democrats’ sense of injustice about the American economic system dates back at least to the times of William Jennings Bryan and Woodrow Wilson. But the global financial crisis of 2007-2008 and the political ascendance of Donald Trump produced growing animosity towards the structure and operation of our economy, especially regarding tax policy.

Progressives often assert that wealthy individuals and corporations do not pay their fair share in taxes and therefore that tax rates on these upper-income people and companies should be increased.

Donning an expensive “Tax the Rich” gown at the $35,000 per-ticket Met Gala, Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) publicity-seeking, hypocritical stunt serves as a metaphor for the disdain many populists on the left and right seem to hold towards the well-off.

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