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Economics-D-G

13 Mar

Liberal politicians are again screaming about how they need to increase taxes to pay for all the spending they tell you is necessary. Unfortunately few people today understand economics and accept what they say. It is easy to think that raising taxes will help reduce the debt but it is not simply a matter of receiving money and passing it out. Raising or lowering taxes has a great effect on the economy. Liberal politicians are spending money to buy votes with liberal give-a-ways to various groups. They give money to Blacks to get their vote, to Senior Citizens to get their vote, to labor unions to get their votes and contributions, to Planned Parenthood to get their contributions. They are always giving money to someone to further their political ambitions. People like free things but fail to realize that nothing is free and someone has to pay for it. Many of the things they give away, the people could get far cheaper purchasing them on their own if they didn’t have to pay so much in taxes. Everything the government buys is at an inflated price. In addition, that money has to be handled through government channels and government workers are paid for handling it. In the end, only about one dollar out of every four dollars that goes to the government ends up being returned to the people. People could buy four times as much if they had only one fourth of the taxes. In addition, while they say the taxes are needed to cover the cost of operating the government, they always increase spending when they get more taxes, rather than use it to pay off the present bills. As a result, we are going more and more in debt with each tax increase. In addition, the increased tax burden depresses the economy because people have less to spend. As a result, businesses lose sales and have to lay off workers.  As a result,  businesses pay less taxes and fewer people are paying taxes so raising taxes actually results in less taxes being received. On the other hand, if expenses are cut, it would leave more money for people to spend and it would increase business sales. As a result, the businesses would be paying more taxes and it would enable them to hire more people who will be paying taxes. As a result, the taxes received would increase, so they would get more taxes by lowering the tax rate. However, it also requires them to tighten their belt and reduce the reckless spending. They have continued to drag Donald Trump through the courts looking for irregularities in how he spends his money yet President Trump did not accept a salary while he was President, he donated it all to charity. Neither President Obama or President Biden have done that. While they continue to hound Donald Trump about how he spends HIS money, it is only to distract the people from the real problem, which is how they are spending OUR money.

 

 

 

 

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