Steyn: Tax Injustice

The always-interesting Mark Steyn, writing for National Review Online, has some trenchant insights about how few of us pay federal income taxes. He cites the Tax Policy Center saying that in 2009, 47% of U.S. households will pay no federal income tax. He concludes:

When you think about it, 53 percent of American households props up not just this country but half the planet. (snip) A relatively tiny group of people is writing the check for the entire global order. What proportion of them would need to figure out that the game’s no longer worth it to bring the whole system crashing down?

Arthur Laffer was right, higher tax rates bring in less total revenue because they discourage earners.