The Fair Share Lie
The mantra Obama keeps chanting of rich people needing to pay their “fair share” falls upon very knowing ear among the rich. Although for 4 years he did not make good on his promise, the very first thing he did while taking his 2nd term was to up taxes on everyone, including the rich.
What the middle class and lower class do not understand, is that for the rich, globalism doesn’t just mean where you can do business, but where you can live. While the middle class move from state to state in search of better financial chances for taxes and jobs, so too do the rich, but on a global level.
The United Kingdom at first took a hard stance against the rich being able to pay lower taxes. But, after being advised that the rich not only would flee the UK, but also take with them all of their investment money, business creation and innovations, they changed their policy. In fact, with that consideration, the UK made is more advantageous, tax-wise, for the rich to stay in the UK.