Basic Truths
July 28, 2016 at 4:25 p.m.
By -
1. Government cannot give you anything it doesn't first take away. Government does not produce any real product, and very little services. It merely takes our income to re-distribute and "spread it around" as politicians see fit. If governments (federal, state and local) already take away 50 percent of what you earn, will you be more productive when they determine to take away 60 percent or 70 percent? Productive people will slow down or stop producing, you and me included.
As a business owner, at what point do you sell the business, close it down or move it overseas to a "tax friendly" country? Why would anyone re-invest to grow their business if governments get over half? And even God doesn't prescribe a progressive tax, but a flat (10 percent) tax as fair and equal for everyone. Does someone presume there is a greater fairness than this? At what point do we recognize this for what it is, socialism? If you want to see a recession turn into a depression, elect Obama, and watch the economy tank under higher taxes. In a recession you don't raise taxes on anyone.
I appreciated the facts from Gary Gerard's "Views" how government revenue has skyrocketed under the Bush tax cuts, more than 60 percent in the last five years I believe - wow. Government can actually lower taxes and raise revenue. The correlary may be equally true: Raise taxes and revenue will decline. Why would we do this? It is a philosophical difference - some politicians actually believing they can spend your money better than you can. They don't really trust successful business people to spend or invest. But if 84 percent of all jobs are created by small business, don't we need to let them invest their own money (profits) to grow our economy, not tax it away?
2. You don't multiply wealth by dividing it (or spreading it around).
My economics professor taught me 3. Businesses don't really pay taxes, the collect taxes. A "business tax" becomes another "cost" item for a business to pay, and must be passed on to all its customers in a higher price. This is just like "fuel taxes" at the gas pump or a "fuel surcharge" that shippers see when fuel prices go up. So, if Obama wants a "7 percent business tax," the real affect is a 7 percent price increase on every product or service we buy. The result is 7 percent inflation.
4. Government by nature is socialist: Spreading our money around: Taxes = Take our income (profits) to re-distribute and spread it around. Borrowing = Take ours and our children's income and spread it around. Inflation = "Printing money, worthless paper that steals value from our money for the government to use and spread it around."
Remember the basic truths when you vote!
Russ Reahard
North Manchester[[In-content Ad]]
1. Government cannot give you anything it doesn't first take away. Government does not produce any real product, and very little services. It merely takes our income to re-distribute and "spread it around" as politicians see fit. If governments (federal, state and local) already take away 50 percent of what you earn, will you be more productive when they determine to take away 60 percent or 70 percent? Productive people will slow down or stop producing, you and me included.
As a business owner, at what point do you sell the business, close it down or move it overseas to a "tax friendly" country? Why would anyone re-invest to grow their business if governments get over half? And even God doesn't prescribe a progressive tax, but a flat (10 percent) tax as fair and equal for everyone. Does someone presume there is a greater fairness than this? At what point do we recognize this for what it is, socialism? If you want to see a recession turn into a depression, elect Obama, and watch the economy tank under higher taxes. In a recession you don't raise taxes on anyone.
I appreciated the facts from Gary Gerard's "Views" how government revenue has skyrocketed under the Bush tax cuts, more than 60 percent in the last five years I believe - wow. Government can actually lower taxes and raise revenue. The correlary may be equally true: Raise taxes and revenue will decline. Why would we do this? It is a philosophical difference - some politicians actually believing they can spend your money better than you can. They don't really trust successful business people to spend or invest. But if 84 percent of all jobs are created by small business, don't we need to let them invest their own money (profits) to grow our economy, not tax it away?
2. You don't multiply wealth by dividing it (or spreading it around).
My economics professor taught me 3. Businesses don't really pay taxes, the collect taxes. A "business tax" becomes another "cost" item for a business to pay, and must be passed on to all its customers in a higher price. This is just like "fuel taxes" at the gas pump or a "fuel surcharge" that shippers see when fuel prices go up. So, if Obama wants a "7 percent business tax," the real affect is a 7 percent price increase on every product or service we buy. The result is 7 percent inflation.
4. Government by nature is socialist: Spreading our money around: Taxes = Take our income (profits) to re-distribute and spread it around. Borrowing = Take ours and our children's income and spread it around. Inflation = "Printing money, worthless paper that steals value from our money for the government to use and spread it around."
Remember the basic truths when you vote!
Russ Reahard
North Manchester[[In-content Ad]]
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