Democrats don’t understand economics 101
I’m not necessarily defending the GOP - they have done an absolute lousy job during the past eight or so years. They don’t deserve defending.
Having said that - I think I will hammer the democrats for a minute.
Why do people not understand the basics of our economy and how it works? How can some politician sell these people that “raising taxes on the rich” benefits the average Joe?
Let’s look at a couple of facts:
1) Poor people do not pay income tax. Wealthy people and high income earners pay most of the taxes in this country. You cannot give someone a tax break if they don’t first pay taxes. This would be the first flaw in the “soak the rich and give tax cuts to everyone else” idea.
2) Corporations do not pay taxes. Corporations collect taxes. Only individuals pay taxes —- officers of the company, shareholders, customers, employees…when the tax burden increases for a company…guess who pays for it?
geezzz…this is so simple.
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Filed under: Current Events, Politics
Few things bother me all that much - I’m a pretty laid back guy. Having said that, I would like to get something off of my chest: