In Defense of "The Rich"

Larry Elder :

So, what do "the rich" pay in federal income taxes? Nothing, right? That, at least, is what most people think. And Democratic presidential candidate Barack Obama wants to raise the top marginal rate for "the rich" -- known in some quarters as "job creators."

A recent poll commissioned by Investor's Business Daily asked, in effect, "What share do you think the rich pay?" Their findings? Most people are completely clueless about the amount the rich actually do pay.[Read more]