We’ve heard it from Bill Clinton, Michael Moore, and Warren Buffet. Now, we’re hearing it from Stephen King,
“Now, you might say, ‘What are you doing up there? Aren’t you rich?’ The answer is, ‘Thank God, yes.’
And you know what? As a rich person, I pay 28% taxes. What I want to ask you is, why don’t I pay 50%? Why is everybody in my bracket not paying 50%? The Republicans will say, from John Boehner to Mitch McConnell to Rick Scott, that we can’t do that because, if we tax guys like me, there won’t be any jobs. It’s bull! It’s total bull!”
Of course, if Stephen King wanted to pay more money to the government or even just give it away, he could do that. That’s a point worth making. It’s also worth noting that it’s not good for society and could even be fairly called immoral to excessively tax the rich in this country when 47 percent of Americans pay no income taxes at all. In other words, what King is calling for here are high tax rates on the rich to pay for services for Americans who aren’t willing to pay for those services with their own taxes.
Getting beyond that, the crux of the point that King’s trying to make is meaningless. You see, the idea here is supposed to be that Stephen King is a rich guy and so, he’s calling for a tax increase on people like himself. How noble! Well, it would be except for the fact that Stephen King’s net worth is ALREADY over 200 million.