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Raising Taxes Hurts Individuals and the Consumer
By: Lance Winslow
It is a known fact that high taxes in any nation hurt the individual and this is because the government is inefficient compared to businesses in the things that they do and when they tax us, the money they spend is not well spent. If on the other hand taxes are low and the individuals and consumers have more money to spend they are much better with their money and much more efficient.
Likewise, when small businesses reinvest due to tax incentives and pay less overall taxes they too are more efficient and can expand their businesses and hire more individuals to work. More people paying into the system means there is more tax revenue without raising taxes. When you raise taxes there are less jobs and less people paying into the system and therefore you have to keep raising taxes to pay for all the special programs you are creating in the government. All of which are inefficient.
The Bush administration has lowered taxes for individuals and small businesses through massive tax cuts and the Democrats want to get into office and raise taxes. We do not need any voodoo economics in America and we certainly do not need the Democrats raising our taxes. Let's be fair and honest; the United States economy is doing quite well and unemployment is quite low because of the Bush administration's tax cuts. And that's the truth, no matter how the Democrats attempt to spin it.
Lance Winslow, a retired entrepreneur, adventurer, modern day philosopher and perpetual tourist. |
