Carolina Journal interviews Wall Street Journal editorial board member Stephen Moore, who recently spoke in Raleigh.
Moore has a slightly different view on taxes than Obama supporters, who believe the rich aren’t paying their fair share:
There is, you know, no doubt about this, that over the last 25 years the share of income tax paid by the richest … the richest 1 percent has doubled from 19 percent to 38 percent. So the rich, in my opinion, are paying their fair share. In fact, they are paying more than their fair share. They are carrying a huge percentage of the load. The top 10 percent of Americans today pay about 80 percent of the income tax. So it’s a system that is already pretty heavily skewed on the backs of the richest. And by the way, they are not just rich, those people. A good percentage of those people are small business owners. Now those are the people who create the jobs in the economy. How are you going to get more jobs if you are taxing the people who create the jobs?
I was present at Moore’s talk, and he also mentioned that, in his opinion, Obama doesn’t have a firm graps of economics.