Joe Biden says it’s patriotic to pay higher taxes. On ABC’s Good Morning America when asked about Obama’s plan to tax the wealthy he said "It's time (for the well-off) to be patriotic." Thus, if citizens don’t pay MORE taxes they’re not patriotic. I’m willing to be less Patriotic if he’d like to be more Patriotic and pay my taxes for me. Wouldn't it be MORE Patriotic for the Congress and Senate to reduce wasteful spending so us Patriots don't HAVE to pay more taxes?
The idea of taxing the wealthy sounds great. It’s the whole Robin Hood (or Obama Hood in this case) idea of stealing from the rich and giving to the poor. The Robin Hood story is a good one but it’s just that…a story. We happen to live in the REAL world. In the REAL world the wealthy don’t really pay taxes.
In our REAL world we have Trickle Down economics. Ronald Reagan was right. Everything trickles down from the wealthy to the middle class and on down to the poor. Like it or not, agree with it or not the fact is that the good trickles down and the bad trickles down as well.
If taxes are raised on the wealthy they’ll raise the prices of goods and services the rest of us use. They’ll wrap the new taxes into the cost of doing business and pass that cost on to the rest of us (a.k.a. trickle down). The wealthy own businesses and hire employees. They’ll raise prices and/or reduce staff. While it’s true we non-wealthy citizens will pay fewer taxes we’ll pay more for goods and services. The end result is the non-wealthy will foot the bill and have less money to take care of their family’s while Joe Biden credits the wealthy for being MORE Patriotic than the rest of us.
Link to story at kcstar.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment