"GOP Tax Bill Is The End Of All Economic Sanity In Washington"
This is from that notorious bastion of left-wing advocacy ... oops ... it's from Forbes.
They do not oppose it because it favors the rich. They like the rich. They oppose it because it simply makes no sense.
"There's no economic justification whatsoever for a tax cut at this time. U.S. GDP is growing, unemployment is close to 4 percent (below what is commonly considered "full employment"), corporate profits are at record levels and stock markets are soaring. It makes no sense to add any federal government-induced stimulus to all this private sector-caused economic activity, let alone a tax cut as big as this one."
How about it's a good thing because taxation is theft and any attempt to reduce the amount of money taken by force from the populace is a good thing?
ReplyDeleteAlong the same line as Rational Response there, the original authorization in the Constitution for 'laying and collecting of taxes' was to enable the new central government to collect a tax from the people to fund that government. The problem lies with the fact that Greed has replaced necessity as the driving force behind taxes.
ReplyDeleteOur government is like an aquarium full of fish... it grows to accommodate its environment. Therefore the more it can collect, the more it spends and in these days of deficit spending, it becomes an even bigger problem because the Congress figures it can spend and spend and spend and not worry about it because, we'll just create a new tax or raise the tax rates.
THAT is the approach that has gotten us to this point, where we are now taxing to try to feed the nearly 20 TRILLION dollar deficit.
Anytime the government gives BACK to the people, it's a good thing.
Maybe it's just me, but whenever I click on a link to a Forbes article, I just get sent to what looks like their home page.
ReplyDeleteWorks OK for me on Firefox. Which is good, cos now that we've heard from the all-roads-should-be-toll-roads crowd, it's a nice dose of reason. Apart from the many bad things it does for workers, students, debtors (but I repeat myself), sick people, and schools, this has a big double scoop of crazy on top.
ReplyDeleteIt's like taking out a payday loan to buy magic beans. You only win if you die before the bill comes due, or are fabulously rich in the first place.