The Concrete Definition Of Fairness Would Destroy Its Use As A Political Term - Investors.com Since this is an election year, we can expect to hear a lot of words and the meaning of those words is not always clear. So it may be helpful to have a glossary of political terms. One of the most versatile terms in the political vocabulary is "fairness." It has been used over a vast range of issues, from "fair trade" laws to the Fair Labor Standards Act. And recently we have heard that the rich don't pay their "fair share" of taxes. Some of us may want to see a definition of what is "fair." But a concrete definition would destroy the versatility of the word, which is what makes it so useful politically. If you said, for example, that 46.7% or any other number is the "fair share" of their income that the rich should have to pay in taxes, then once they paid that amount, there would be no basis for politicians to come back to them for more and "more" is what "fair share" means in practice.