Pure nonsense, and very ignorant...
If the wealthy were not providing their "fair share", then the U.S. government would have ceased operations decades ago.
Without the wealthy, who provide almost half of the tax revenue that government collects, the federal government would not even be in business.
Half the people of the U.S. pay no taxes, and yet, most of them are living in relative comfort compared to most other countries. The middle-class does pay their "fair share", but, it still comes short when compared to what the rich "contribute". Take away what the rich provide, and you end up with one of the poorest countries in the world, and not the U.S. which has led the world for about 100 years.
Obama and the democrats have brainwashed you and the people into believing that, the rich are not paying their "fair share". IN fact, they are paying more than their fair share, because, they are the investment class, who invest in businesses and create the many millions of jobs that keep people employed. It's a lot more fair for the rich and wealthy to keep more of what they earn, than to give it to government to waste and to keep or make people dependent. People should be dependent, but, on the jobs that are created via the wealth that is kept in the economy and which is re-invested into creating more wealth and more jobs. Take away more from the rich and wealthy, and you end up with businesses closing and nobody willing to take risks towards creating new businesses, which then means, no new jobs and jobs lost. We are witnessing that right now, with companies laying off people all around the country, and many of them having to shut down, and others having to send operations overseas.
The other fact that you are too ignorant about is that, GE should not have to pay taxes, and neither should any other business.
Are you aware that, when GE or any business pays taxes, that, they don't really pay those taxes? Those businesses treat taxes as an expense. That means that, that expense will be added to the price of a company's product line or to its services that consumers use. Thus, the consumer ends up paying the taxes that GE or any other company pays. If a company has to pay more taxes because the tax-rate went up, chances are that, the doughnut store down the street will be raising the price for each doughnut in order to pay for the additional taxes that government demands. So, while it might make your heart feel good that a company is paying its fair share, the consumers will have been the ones paying for those additional taxes. For example, when Clinton, back in the 1990s raised the taxes on the price of gasoline, the price of a gallon of gas went up immediately to account for the additional taxes that Clinton wanted to raise. Thus, it's the consumer who always ends up paying for any decision made by government. Problem is that, when a product ends up being more expensive because its price had to go up, people will end up purchasing less of that product, which means, some companies will have to shut down because of less demand, and it also means that, the employees of that company will be left with no jobs, which then leaves government to pick up the tab by way of more government services/benefits to take care of those jobless people.
Also, when prices go up on any product because of higher taxes, that leaves less money in the pockets of the consumer that could have gone towards other purchases. Thus, raising taxes sets up a domino effect in the whole market, where the economy will reflect the higher taxes and higher prices, and will cause a contraction in the economy, and a contraction is the same as companies closing and jobs being lost, and less tax revenue being collected by governments.
Problem that people have, is that, they don't understand that, it's not as simple as doing A in order to get B. It's more about, A causes B through Z, which major negative repercussions along the way, and the repercussions of that kind of policy, are being felt throughout the economy right now. That is one of the reasons that Greece is a failed state and a failed economy, and the U.S. is almost there right now. We're in survival mode right now, where government is having to print money in order to pay its bills, because, the tax revenue is not coming in.
Think though the whole process, and don't just do the surface thinking. Go below the surface to find out the total cost of the simple policies.
