March 30, 2012 1 Comment
What is it with Democrats and taxes? More correctly it should be what is it about Democrats and tax increases?
Democrats are in love with taking other people’s money. In another era they would have been highway robbers. Now they are politicians.
The Democrats scream about fairness. Really? What is fair about taking what someone has worked hard for and transferring it to someone who will not work? What is fair about punishing someone who has worked hard to get ahead, taking it from them and giving to those who will make no effort to get ahead?
When the top 1% of income earners pay half the income tax, what is wrong with this? What is fair about that? When the bottom half don’t pay any income tax? What is fair about that?
What is fair about giving an income tax refund to someone who does not work or someone who is in this country illegally?
The Democrats’ theory of fairness is an absurdity. It turns fairness on its head.
Now, we have more insanity from the Democrats. As of April 1, the United States will now have the highest corporate tax rate in the world.
Anyone want to take a guess what that will mean?
Japan is cutting its tax rate. Germany has cut its corporate tax rate, as has Canada. Even Russia and China have lower tax rates. What does all of that mean?
It means corporations based in those nations have an advantage over American corporations. It also means American corporations will find it more advantageous to move overseas.
Of course, Obama and the Democrats think it is unfair to lower corporate tax rates. Therefore nothing is being done to cut corporate tax rates.
Just out of curiosity, who the hell do the Democrats think pay corporate taxes? Here is the answer for the fairness crowd. Wal-Mart passes those costs to the consumer. So does Ford and John Deere. Name a corporation and it passed its corporate tax bill along to the consumer.
What would happen if we ignored the morons of the fairness crowd and did something really smart like eliminated the corporate tax? Corporations would have more money! Oh you can hear the liberal screams from here.
But what would they do with that money?
There are a number of things. They could pay dividends to their shareholders. They could spend that money on research or marketing. They could even lower their prices. In other words, good things would happen. The government would not get that money, but then again, that falls under the heading of a good thing happening.
Joe Biden, the official jester of the Obama Regime has come out with a proposal. He thinks that there should be a global minimum tax. For those who complain that Biden has only a room temperature IQ, clearly they have over estimated him.
Biden thinks that a 20% global minimal corporate tax would be fair. I think Joe Biden in a rubber room would be fair.
Instead of reducing America’s tax rate, Biden thinks everyone else should have theirs forced up. While there is immediate outrage against that idea, there is another question. Where would this money go?
It is a really bad idea. Of course, the Obama Regime is a really bad idea.
As with all bad ideas, we can change our mind and do something about it.