Supply side economics in a nutshell -" what you tax you get less of, what
you subsidize you get more of". It makes complete logical sense. If you tax
productivity (income) you get less of it. If you tax savings and investment you
get less savings and investment. If you subsidize inactivity you get more
inactivity. Yes, human beings do act rationally and in their best interests
which the American left will never comprehend. I know that life's only
certainties are death and taxes. But as long as we live in an allegedly free
country where all men are created equal then shouldn't everyone pay the
same income tax rate with no special interest deductions? If not then why not?
@ Maverick. According to the Heritage Foundation, defense spending has declined
while entitlement spending has more than tripled in the last 4 years! So it
would seem that those who bellow about too much taxes going to the military are
blowing smoke while saying nothing about the explosion of entitlement spending.
All this seem ironic to you considering that 47% of Americans pay NO federal
income taxes at all and have no "skin in the game" except getting free
stuff from those who actually pay taxes?
Its not all or nothing.We do need to reign in govt. We need to undo
or scale back many programs that were cooked up by our Republican and Democratic
elected officials.We need to SLOWLY start reducing entitlement
spending. And then SLOWLY raise tax rates to cover what we are spending and a
little extra to cover our past excesses.We need to Slowly start
scaling back defense spending.And understand that all that spending
is a stimulus. Want to lower taxes? Great. Cut the spending FIRST
then cut the taxes that support it.Want or need to go to a war of
choice? Fine, but tell the people that there taxes will go up or some program
will be cut to fund it.Slowly is the key. Slow and steady as to not
shock the system.This plan will never fly. It attacks the
"sacred cows" on both sides.
The government will never get rid of the income tax because our economy depends
too much on government spending. Even here in "Conservative Utah", our
state relies on the Federal Govt for 28% of its revenues for the state budget.
As another example, in Davis county Hill Air Force base is a major employer for
the county and state. Imagine the economic ruin it would cause if the base
closed. Many of my friends would be unemployed. Even if it was the
"right" thing to close the base, the economics of it would have everyone
clamoring to keep it open. We always want to cut Federal Government spending,
until it is our program that is going to be cut.
Wah wah. More cheese with your whine?Don't like the income tax?
Then get rid of our bloated and outrageous defense spending. Let the world