"Fairness," an elusive idea normally exploited by spoiled children, is now the foundation of the Democratic Party's economy policy. If implemented, anyone earning $1 million a year or more would be required to pay at least 30 percent of his income in taxes. That would help reduce the deficit by raising $31 billion over 11 years, according to congressional tax analysts -- 2.8 billion a year, or less than a day's worth of new debt incurred by Washington.
Barack Obama and the Democrats are not serious about reducing the deficit. If they were, then they would end their focus on tax increases for the "rich" and instead start talking about serious cuts in spending.
Anyone with a brain can look at the math and see that "tax the rich" or "fairness" as Obama calls it is not going to make a meaningful difference. Our problem isn't a lack of revenues, it is too much spending.
Mitt Romney needs to hammer this point everytime Barack Obama wastes time on this class warfare theme of his.