The Corner

Economy & Business

Taxing the Rich: The Trend Is Their Friend

Ben White writes in Politico that “when it comes to soaking the rich, the American public is increasingly on board.” After citing two polls in which supermajorities of the public favor higher taxes on rich people, he claims, “The numbers suggest the political ground upon which the 2020 presidential campaign will be fought is shifting in dramatic ways, reflecting the rise in inequality in the United States and growing concerns in the electorate about the fairness of the American system.”

The polls he cites are indeed good news for advocates of higher taxes on the rich. But they don’t mean that the public is “increasingly” in favor of such taxes, that the ground is shifting, or that increasing economic inequality is driving a change in people’s views — because a poll snapshot doesn’t demonstrate that any change in views has occurred. You’d need to look at responses over time to similar poll questions to assess whether one has.

My American Enterprise Institute colleague Karlyn Bowman notes that Gallup has been asking whether its respondents think that “upper income people” are paying too much, too little, or their fair share for more than a quarter century. Since 1992, the percentage of the public that thinks they pay too little has fallen, from 77 percent to 62 percent. The percentage that thinks they pay their fair share has risen from 16 to 26 percent, and the percentage that thinks that they pay too much has risen from 4 to 10 percent.

To sum up: Most people are fine with higher taxes on rich people, but they’re a little less in favor of it than they used to be.

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Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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