NOT TRUE

The top 1% of taxpayers paid 38% of Federal taxes. The bottom 50% paid 4%, bottom 90% paid 29%.
To make it fair, we need to lower taxes on the rich.

https://taxfoundation.org/summary-of-the-latest-federal-income-tax-data-2020-update/

NOT TRUE

They benefit the poor too. For MFJ, the first $80,000 of Capital Gains and Qualified Dividends have a 0% tax rate, and CG+QD up to $496,000 are taxed at 15%, while regular income is tax at 35%.

NOT TRUE

This implies that the little guy paid more.

Comment 1: Of course the rich benefited. They are the ones paying taxes. And the ones hiring more people, the ones spending more in stores that hire people. And when they make more, they pay more taxes. Tax revenues from the rich have increased since the tax law changed.

Comment 2: The little guy really benefited too. The SALT was limited to $10,000, primary mortgage interest was limited to $750,000, and miscellaneous deductions were eliminated. The standard deduction was increased. Effect is more deduction for the little guy and less deduction for the rich. Add a lower tax rate for the little guy.

Comment 3: Who cares if the rich benefited. Did we benefit? The answer is yes.

Comment 4: Do you know what happens if the rich get poorer? The poor do not get richer. It is not a zero-sum. If the rich get poorer, we will become Venezuela.

NOT TRUE

People vote with their money and with their feet. Companies avoid high tax states, so the only way they would move to a high tax state is if they get a tax break; in other words regular taxpayers pay more.

There are various studies, which indicate the trend is that people are moving from high-tax blue states to low-tax red states. People move to where the jobs are and the taxes lower. The same states are in the bottom 20% of all studies: Connecticut, California, Illinois, New York, and New Jersey. New Jersey is consistently the worst state.

NOT TRUE

If your neighbor fire-bombed your house, and then saved you, is he a hero or a villain?

The government creates a solution to a problem they created. The Great Depression was caused by the Smoot--Hawley Tariffs and the 2008 recession by Fannie Mae and Freddie Mac government programs. The New Deal programs prolonged the Great Depression. FDR increased taxes to over 94%. WW2 did not end the Great Depression, it was the tax Reform Act of 1945 which did, which passed only because FDR died.

Politics and legislative laws do not override economics. Rent control and minimum wage laws attempt to do that. Political good intentions always have negative society consequences.

Blue states are generally high tax states. High taxes to fund social programs. This is socialism, which means forcing the haves to pay for the have-nots. There is no such thing as free education, free day-care, free anything. Someone has to pay, and that payment is by increased taxes to fund social programs.

Reality: Government is the cause of all problems.