Back Talk

Naturally, the complainers are the very same people who call for higher taxes on business. The cool light of reality never shines upon these folks about basic economics. The essence of business is to make a profit, reinvest, grow, prosper, hire more workers, and provide a product at the best price. Profit making is number one because everything else depends upon it, so why would a company pay 35% corporate income tax when it can move overseas, pay only 25%, and produce more at a better price? We have the second highest corporate income tax in the world. The economically clueless DemPols invariably respond to the victimhood-obsessed complaints about high CEO salaries and company profits, by raising corporate taxes. Get the picture? They have more than me so Mother government must take from them. This confiscates funds destined for capital investment, growth, and hiring workers. Democrat politicians really couldn’t care less whether their actions hurt the economy as long as they can pretend to do something positive and stay in their cushy jobs. Both Obama and Clinton plan to raise income taxes, raise the capital gains tax, and maintain the death tax – that’s the one where, upon your passing, the government confiscates a huge chunk of the already taxed nest egg you’ve saved for your children. Raising taxes puts more of our money into the bureaucrat’s hands where it goes to earmarks and wasteful home projects. It is inarguable that cutting income taxes and capital gains taxes stimulates the economy which benefits everyone and brings in even more tax revenue than tax increases.