Uncivil Rights
A BLOG rife with wit, sarcasm, and the endless joy which comes from taunting the socialistic and unpatriotic liberal left. Logical thoughts and musings ONLY need reply...unless you're really, really funny. You have the Uncivil Right to be an IDIOT.
"Give me LIBERTY, or give me DEATH!"
Monday, November 29, 2004
Liberals and Taxes
More wisdom by Thomas Sowell.
Some excerpts:
When liberals in the media or in politics start being alarmed about the national debt, it means just one thing: They want higher taxes. The thought of reducing spending would never cross their minds.
How does our national debt today compare to our national income? It is lower than it was a decade ago, during the Clinton administration, when liberals did not seem nearly as panicked as they seem today.
As a percentage of the national income, the national debt today is less than half of what it was in 1950 and about where it was in 1940 -- back in those "earlier and simpler times."
What "tax cuts" cut is the tax rate. But tax revenues can rise, fall, or stay the same when tax rates are cut. Everything depends on what happens to income.
If Congress can just reduce the rate of increase in spending, rising tax revenues can reduce the deficit and eventually eliminate it. But of course that will not give liberals an excuse to raise tax rates or even to denounce "tax cuts for the rich."
There was a time when the purpose of taxes was to pay for the inevitable costs of government. To the political left, however, taxes have long been seen as a way to redistribute income and finance other social experiments based on liberal ideology.
Promoting the growth of the national economy would be one of the fastest and best ways of reducing the national debt. We could, for example, stop letting little bands of self-righteous activists stifle the building of homes or businesses under "open space" laws or stop the drilling of oil off-shore, on-shore, or anywhere else.
As for taxes, we could stop taxing productivity and start taxing consumption. After all, productivity is what makes a society more prosperous.
Some excerpts:
When liberals in the media or in politics start being alarmed about the national debt, it means just one thing: They want higher taxes. The thought of reducing spending would never cross their minds.
How does our national debt today compare to our national income? It is lower than it was a decade ago, during the Clinton administration, when liberals did not seem nearly as panicked as they seem today.
As a percentage of the national income, the national debt today is less than half of what it was in 1950 and about where it was in 1940 -- back in those "earlier and simpler times."
What "tax cuts" cut is the tax rate. But tax revenues can rise, fall, or stay the same when tax rates are cut. Everything depends on what happens to income.
If Congress can just reduce the rate of increase in spending, rising tax revenues can reduce the deficit and eventually eliminate it. But of course that will not give liberals an excuse to raise tax rates or even to denounce "tax cuts for the rich."
There was a time when the purpose of taxes was to pay for the inevitable costs of government. To the political left, however, taxes have long been seen as a way to redistribute income and finance other social experiments based on liberal ideology.
Promoting the growth of the national economy would be one of the fastest and best ways of reducing the national debt. We could, for example, stop letting little bands of self-righteous activists stifle the building of homes or businesses under "open space" laws or stop the drilling of oil off-shore, on-shore, or anywhere else.
As for taxes, we could stop taxing productivity and start taxing consumption. After all, productivity is what makes a society more prosperous.
totalkaosdave, 6:41 PM
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