Posted by
skep41 on Tuesday, October 30, 2007 3:51:09 PM
Wrangel
and the Dems have announced a gigantic tax increase in their quest to
'fix' the Alternative Minimum Tax, and one that makes the tax system
much more steeply progressive.
They even describe giving increased
'tax refunds' (aka handouts) to people who dont pay taxes as a 'tax
cut'. Its buying votes. Steeply skewing the tax system to milk the
productive and hand out free goodies to all and sundry is a sure recipe
for decline and poverty. The government's total take of the national
income will go up even if you dont factor in the fact that the GNP will
spiral down as a result of this bill.
How can these morons (the
libs) be aiming to make the same disastrous mistake all over again?
High, steeply progressive tax rates crush the economy, raising the cost
of existing government giveaway programs. The European Socialist
countries have 10-15% unemployment rates and zero growth. There is no
example, either now or any time in history, where the policies
advocated by the Dems today have not added up to economic disaster. The
people who will be most affected will be the Boomer/Yuppies, smugly
secure, clutching their fat 401k statements and looking at the plump,
well-funded pension plans that they are a part of. That wealth and the
equity in your house (already under attack by soaring property tax
rates) are the most obvious targets for a greedy, desperate welfare
state trying to staunch a Niagara of red ink and seeking ever more
harsh means of wealth redistribution. But the same dolts that complain
about their rising property taxes and declining schools will happily
march to the polls and vote for the party that promises free goodies at
the expense of someone else will be standing in the soup line wondering
what went wrong.