Kamala Harris, Taxes, and the Fair Share Nonsense
9th October 2024
Once again, Democratic presidential contender Kamala Harris has declared that she wants to ‘tax the rich’ to pay for her desired expansion of the American welfare state. In a recent interview with CBS 60 Minutes, Harris again beat the drum of economic redistribution, explaining:
One thing that I’m gonna make sure is that the richest among us, who can afford it, pay their fair share in taxes.
The term ‘fair share’ is a rhetorical staple among the Left. It is also the most un-defined concept in the political vocabulary: not one proponent of ‘fair share’ taxes on ‘the rich’ has ever produced a coherent definition of either ‘fair share’ or ‘the rich.’ To her credit, Kamala Harris comes a little bit closer to doing that: alongside her usual socialist rhetoric on economic redistribution, she has proposed a so-called minimum tax on the very wealthy. It would impose a 25% minimum income tax on taxpayers with a wealth of $100 million or more.