Today on Rush he went through hilary cliinton and her lies about "Trickle Down" economics. His explanation was very short and simple......if you earn the money, you get to keep the money and spend it the way you want, and you don't have to give it to Washington D.C. to spend it instead of you......
Very simple, very true, and that is what made this country great.
We don't "give" corporations, or the "rich" or any other class money when we keep taxes low......the government simply doesn't take that money and waste, steal or lose it. The people who make it save it in banks, spend it on their families or give it to charity....and that is the best way to keep an economy going.
The worst way to run an economy....giving the money to greedy, corrupt politicians, who tax, spend, borrow and spend....then tax some more, and then they take that money to buy votes, increase their power or reward their friends.
We don't have a tax revenue problem...we have a tax waste, fraud and abuse problem....
Two problems with that assessment. The first problem is this assumption that when everyone keeps more they will somehow spend it or put it to good use in a way that helps the economy. The second bad assumption is that money that goes to the government is wasted. What all too many don't understand is that most money that goes to the government ends up back in the hands of the private sector, but it's actually being put to use and pushed back through the economy many times. If taxes are cut too low, that money never makes it back to the private sector and the economy grinds to a halt. This is one of the main reasons Wall Street always performs much better when a Democrat is in the White House. Now, there can be too much of a good thing, but cutting taxes and cutting spending to put more money in the hands of the wealthy does not work.
1) Who cares what they do with their money? It is their money. that is your first bad assumption..that you are required to do anything with the money you earn. I could care less if you took all the money you earned, put it in a barbecue grill and set it on fire. You earned it, you keep it, you spend it any way you want. that is called freedom.
2) Yes...government wastes money, they steal money, they use money to increase their own power and to keep you poor. A classic example. A school district in Wisconsin or Minnesota bought 5 million dollars worth of computers with tax dollars to use with their students. They got lost. They sat in a warehouse for years before 1) Anyone realized they were missing, and 2) anyone thought to go look for them. That was 5 million unproductive dollars......now those computers were bought from the private sector...but they did nothing to generate value, they were wasted. And no one was held accountable.
In a private business if you misplace 5 million dollars in computers you are fired, or go to jail....they use those computers to actually generate more money....they use those computers to create wealth, and to create jobs.
Government has no requirement to be productive...in fact the incentives are the reverse....don't make waves, don't stick your neck out and don't worry about being held to account for screw ups.
So no, government is not the place to put your hard earned money.....
If taxes are cut too low, that money never makes it back to the private sector and the economy grinds to a halt.
Please. Look at what you just posted. Think about what you just posted. do you see how wrong that thought process is.
If you cut taxes too low....the money stays with the people who earned it. Let me repeat that. If you cut taxes "too low" the money stays with the people who earned it and still goes into the economy and in fact goes into the economy more efficiently and productively than if you give it to the government. The government takes any tax money you give it, the policiticians take their cut, and then spend it on their friends and themselves. The government is inefficient, and cannot spend your money more wisely or more in your interest than you do.
Please, think about what you just posted. Why do you want to send money to Washington, just so they can send back a small portion of it to your community?
