David Harsanyi on Obama's "Fairness" Fiction


"Fairness," an elusive idea normally exploited by spoiled children, is now the foundation of the Democratic Party's economy policy. If the Buffett rule is 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. That comes out to $2.8 billion a year, writes David Harsanyi, or less than a day's worth of new debt incurred by Washington.