The Democrats’ call for taxing the rich hasn’t gone well with economist and gold bull Peter Schiff, who suggested the party should approach the problem the other way around. What Happened: Democrats clamor for the rich to pay their fair share of taxes but they are already paying 40% of the federal income tax, said Schiff in a post on Sunday. “That means the rich already pay far more than their fair share,” he said. If the rich were to pay their fair share of taxes, the Democrats should cut their taxes, he added. Schiff also said 40% of Americans pay no federal income tax at all. “Are Democrats…
