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Wednesday, September 3, 2008

Tax the Rich

OK so here's how this whole tax thing works...

The fine example of humanity our Socialist Democrat Presidential Candidate, Barack Obama has said he will only raise taxes on the wealthy, families that will earn over $250,000 per year, so this is as far as some people think . Let me make this clear; you cannot tax the rich.

If you earn more money it is because you have figured out how to make more money you (1)likely pay other people to work for you, (2) and you probably sell some sort of good or service.

(1) If you raise the taxes on employers they will be forced to not hire or to fire employees on their payroll thus increasing unemployment and slowing down the economy.
(2) If you sell something and your taxes go up you will simply raise the price of your goods or your services, and pass the cost on through to all those people who don’t make $250,000 a year.

So here is the case for not raising taxes because you cannot tax the rich, the rich will rightly pass any extra cost on to the consumer.

2 comments:

david drake said...

Well, where does Barry plan to get all the money for all the spending he plans on doing, then? ;-)

Arc said...

David.

He'll get it from you by taxing the rich who will pass it on to you as inflation. And you'll pay it and never be any wiser for it.
"Costs go up it's what happens"

May we each take the moment necessary out of this day and any day we feel the need to remember those who have gone before us in defense of our freedoms. Without them... we would not be "here"... we would be in chains. ~Bug~