Fair Share of Taxes

Posted by Troy on 28th August 2012 in Current Events, Political

“Fair” is always a matter of opinion.  However, here’s a good question for you.  If we could adopt one of two tax policies, which one would it be?

1) All taxes are paid by corporations and the top 25% of income households or

2) Corporations and the top 1%’ers are literally exempt from taxation.

Most everyone would say #1.  However, what if the results of the tax policies are as follows:

1) We have 9.2% unemployment and revenues to the Federal government drops by 10% or

2) We have 4% unemployment and revenues to the Federal government actually increases 20%?

This is the debate.  The Democrats demand fairness in the tax code.  Remember, Obama said in 2008 that he didn’t care that getting rid of the 15% capital gains rate would actually hurt the economy and lower revenues to the government.  He doesn’t care because that is what is “fair.”  Of course, this is a very childlike position, isn’t it?  Meanwhile, the Republicans want to decrease the corporate income tax and keep rates low for the top tier earners because they think that it will increase jobs, the economy, and revenues to the government.

I’m going to break it down to ya: the government cannot LEVEL the economy.  They cannot take money from the rich and give to the poor without hurting the economy and killing jobs.  Meanwhile, the capitalist approach will not LEVEL the economy.  No, it can increase the number of people that have jobs.  There may be 5 hamburger flippers in a town as opposed to 2, but they will still probably earn about the same because the value we put upon the hamburger is still the same: a meal is a meal.

Long Live the Constitution!

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