Dave's thoughts
  • Blog
  • About
  • Contact
    • Blog
  • Finally!
  • Untitled
  • Untitled
  • Untitled

Soak the Rich? Not a Good Idea

1/10/2019

0 Comments

 
There has been talk of raising the tax rates to 70-80% to help pay for the Green New Deal. The problem is that there aren’t enough rich people to even make a down payment on their socialist utopia.

One thing I find interesting is their justification for people only keeping a small portion of what they earn. In his famous “You Didn’t Build That” speech, President Obama the real reason for a business’s success is what the government did by building roads, etc. The more popular opinion is that they are evil people (unless they are Democrats) who made their money by stealing it.

The real question is whether or not it’s a good idea. The problem is that the Far Left doesn’t understand incentive. They assume that no matter what government does to them, the rich won’t change what they are doing. It is in everyone’s best interest that they invest their money in ways that grow the economy and add jobs. I believe that the combined state and federal rate should not exceed 50%. If it does, then saving money on taxes is more profitable than earning more income. That is bad for the economy.
​
We are all better off if Congress makes decisions that aren’t based on hatred of the targeted group. Unfortunately, I don’t see any signs in that direction.
​
0 Comments



Leave a Reply.

    Picture

    Author

    Hi! My name is Dave. I'm in my 60s and live in Indiana. I'll write about whatever is on my mind but most posts will be political. I'm a centrist who thinks both sides are on the wrong path.

    Archives

    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016

    Categories

    All

    RSS Feed

At long last this idiotic shutdown is over. Hopefully cooler heads prevail and it doesn’t start up again.

The real story is that 800,000 government workers are back on the job and many millions of people are no longer inconvenienced.

Unfortunately, that is not the story we are hearing in the media. Their story is about how Speaker Pelosi beat President Trump. He got himself into this mess. She decided that all that mattered was winning. The harm done to the people involved was of no concern whatsoever. A good leader puts the good of the people over political gamesmanship,

it would be nice to think that both people have learned their lesson and will try to do what is best for the
country. I sure wouldn’t bet on it.
Proudly powered by Weebly
  • Blog
  • About
  • Contact
    • Blog
  • Finally!
  • Untitled
  • Untitled
  • Untitled