I remember hearing a phrase when I was a kid in the 80's "Trickle-Down Economics." That term was used in a negative way to describe how giving tax cuts really benefited the wealthy the most, and in the end the effect was that workers and the poor received little or no benefit.
In the current climate, I believe that what we have are Trickle Down Taxes. Let me explain. What happens when you tax some of the wealthier individuals, or the owners of small businesses who create jobs is that instead of employing 1,000 workers, the big employers have to lay off 500 of them en masse. Smaller businesses employing ten workers have to lay off 8 of them.
Because of the present policies being put into place, and anticipation of further cost increases due to higher and higher taxes, businesses are laying off workers. The workers laid off have to then draw benefits from the government-such as in Kentucky, where certain benefits have lately been extended for out of work people. So, in essence, there will be less tax money available, because it is being drawn upon in these tough times.
Essentially the effects of the taxes have trickled down to the worker, seriously hindering his or her ability to find employment, and to save for the future becoming more prosperous and passing his or her wealth onto future generations.
In the meantime, ironically, when taxes are lowered, profits often greatly rise so much in businesses, that even at a lower tax rate, more tax money is collected! You can be a liberal sycophant if you want, and protest "Big business" but what is really harming everyone-including the liberal worker-is "Big Government." You see, Trickle Down Taxes hurt everyone.
Check out the latest tax cover up by our out-of-control government:
http://capwiz.com/americansforprosperity/issues/alert/?alertid=13201806&type=ML
In other news:
Added to the site recently are links to the Alliance Defense Fund-which is the conservative answer to the ACLU, Americans for Prosperity-an organization dedicated to ensuring our freedom to prosper, and the National Organization for Marriage-defending the religious liberties of organizations who object to changing the traditional definition of marriage, which is an important foundation to the stability of our great nation. Find these links in the column to the right, visit them, and take action! We must stand together against liberal bias and anti-religious bigotry!
Friday, April 24, 2009
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