Heywood,
I don't think you're giving enough consideration to some of the criticism. Take for instance the obvious criticism that the bar stool economics lesson only takes into account income tax rates.
Income taxes make up about 41% of total tax revenue. Excise, payroll, and corporate income taxes are embedded in the price of all goods and services and are paid by everyone. The fact that this was ignored in an attempt to portray the bottom 40% of wage earners as getting a free ride with no tax liability is simply disingenuous.
I don't think you're giving enough consideration to some of the criticism. Take for instance the obvious criticism that the bar stool economics lesson only takes into account income tax rates.
Income taxes make up about 41% of total tax revenue. Excise, payroll, and corporate income taxes are embedded in the price of all goods and services and are paid by everyone. The fact that this was ignored in an attempt to portray the bottom 40% of wage earners as getting a free ride with no tax liability is simply disingenuous.
