posted on Mar, 18 2006 @ 04:51 AM
From The Patriot Post
Tax cuts free capital for reinvestment, creating jobs and wealth.
The economics of tax cuts are really quite simple: Capital is freed for reinvestment in business. Thus, if a business owner is taxed at a lower rate,
he has more money for expanding, hiring and buying more equipment and supplies. On the other hand, forced redistribution of business wealth achieves
the exact opposite. To see this truism at work, one need look no further than Michigan, whose economy thrived under the tax-cutting policies of
three-term Republican governor John Engler, but now ranks dead last in nearly every economic category under tax-happy Democrat Jennifer
I have to agree whole-heartedly; the US began as a virtually taxless nation. Most government revenue came from tarrifs on trade and slight sales
Income tax was not formally instituted until the early 1900s (1916?) and it was used as wealth redistribution.
Tax the rich; give to the poor was the idea.
But little did the poor realize, if you're taxed, you have to work THAT much harder to make more money; thus it makes gaining wealth more
Now the tax is such a burden; one must wonder what usefulness there is in being taxed so much to fuel a giant useless bureaucracy?
I said once before, not sure to who:
Time, politics, disorder, none of these things will ruin an Empire; Bureaucracy is why Empires fall.
The British Empire; the Soviet Union, all fell because of their bureaucracies soaking all the wealth into a black hole of waste.