Saturday, Dec. 15, 2012 | 2:01 a.m.
President Barack Obama wants the rich to pay more taxes. The Internal Revenue Service reports that 49 percent of Americans, and increasing, pay no federal income taxes every year. Some will argue it’s the result of the recession. But less than half of Americans? This sounds way too high if the unemployment rate has been 9 percent or lower nationally for the past four years.
Over the past 50 years the U.S., thanks to liberal politicians with unlimited taxpayer funds, has become a welfare state. More and more Americans are willing to live off of government welfare and subsidies and give nothing back, even if they can and should. The rich know that the welfare state will implode if allowed to grow unchecked. Many European governments, which have gone down this path, already have.
The U.S. overspends $1 trillion each year and will into the foreseeable future. This is a spending problem that has to be addressed or else Americans will get free vacations to Europe without ever leaving the U.S.