You Can’t TAX the Rich, Stupid!

by: jb williams | published: 02 26, 2012

How did political lefties become totally ignorant on even grade school level economics? Not a single Democrat could pass a basic economics class today and not too many Republicans could pass either.

Let me say this one more time as plainly I can…. You can’t tax the rich, dummy! You can’t tax corporations and you can’t tax rich folks any more than they are willing to be taxed. If you can’t figure out why on your own – at least pay attention to the results Britain is getting with their bludgeon-the-rich Obama tax revenue plan.

Every effort to tax the rich into “equality” results in another tax on the average person. No exceptions… Britain is proving this basic reality once again.

America is going bankrupt with a national tax per GDP rate of approximately 30%. The UK is also going bankrupt with a national tax per GDP rate of 40%. The UK solution was to institute a 50% tax rate “on the rich” to increase revenue and balance their budget. The Obama administration seems to think this is a good idea for America too…

However, the new 50% tax rate in the UK had the predictable even though unintended result.

“50p tax rate 'failing to boost revenues’ - The amount of income tax paid fell sharply last month in the first formal indication that the new 50p higher rate is not raising the expected amount of revenue.” -- “The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011.”

The report confirms what the headline of this article proclaims, yet again – “Senior sources said that the first official figures indicated that there had been “maneuvering” by well-off Britons to avoid the new higher rate.”

Really, Who’da thunk it? Imagine that… increase tax rates and tax revenues collapse.

The trouble with the world view on austerity is that governments are attempting to put their most productive citizens on an austerity program instead of putting bloated runaway governments on a serious austerity program.

Democrats in America haven’t had an original thought in decades. They have been following the lead of Karl Marx and the EU since the mid-1900s and they have been getting the same results, leaving America in worse fiscal shape than even much of the EU at present.

Barack Hussein Obama has the distinct honor of having increased America’s public debt by more than 50% in one term. It took previous administrations seventy-years to put the nation $10 trillion in debt and Barack Obama only three years to raise our debt to almost $16 trillion, with no end to deficit spending anywhere in sight.

Yet as the UK is busy proving again right now, no nation can tax their way to a balanced budget let alone private prosperity. Increasing tax rates, especially during tough economic times, will only worsen the problem.

This reality is so well-known by every individual with an IQ above 60 that one must conclude the Democrats use tax increases for the purpose of bankrupting the nation and every citizen in it.

Greece is in horrific financial shape and no bail out is going to save that country from disaster. But Greece is not alone…

The nation that feeds the world is now the world’s largest debtor nation, the United States. That by itself is not the problem, as the USA is also the world’s largest economy, at least today.

The problem is that like the EU countries, America has over-leveraged its productivity, its ability to out-produce government spending.

·       Greece 165%

·       Iceland 130%

·       Italy 121%

·       Ireland 109%

·       United States 104%

Every time idiot voters attempt to vote themselves gifts from the treasury, they trade personal freedom and liberty for the promise of free-stuff. They also guarantee a runaway government and unsustainable spending.

Most importantly though, once voters place themselves in this corner, they attempt to pass the bill for their childish behavior to someone else, namely, those evil “rich” folks and their evil corporations. In doing so, they forget two inescapable laws of nature…

1.     Crap and TAXES roll downhill.

2.     People smart enough to become rich are smart enough to stay rich.

“Rich” people have two other important titles, investor and employer. If you could tax the “rich,” you would only be removing investment and employment resources from the productive private sector to the public sector on the liability side of the ledger.

Lefties get this concept in their own daily lives. They shop at Wal-Mart because products are cheaper at Wal-Mart. Still, Wal-Mart is the single largest private sector employer in America because they sell more. Follow the bouncing ball lefties – Wal-Mart generates more revenue because they sell at lower prices… get it? Connect the dots here…

Lower tax rates mean more tax revenue on a bigger tax base, more taxpayers. Get it?

As the UK is proving again today, it is not possible to tax “rich people” if they don’t want to be taxed, especially in a world economy wherein investors can move all the way around the globe to find the best rate of return available at any given moment.

Simply stated… you can’t tax the rich, stupid – and even if you could, you would only be taxing yourself in the end, dummy…

The empty ego-in-chief is no better at economics than he is constitutional law… 

comments

• Reply to this comment

  Jerome Lindsay D.

  You my friend have not grasped the mans explaination. Yea we can cut out all the nasty comments what not but you can't tax the rich and there is plenty of evidence why you don't want to tax the rich. As far as the unemployment situation is concerned the networks will put out what they will but those numbers are not an actual presentation of the whole unemployment picutre. Please whatever you do do not get emotionally set on any one individual that you think is leading your party, because man at his greatest will always fail you in someway or another. Hope this helps...God Bless.

  
  

• Reply to this comment

  Tim Dempsey

  You Can’t TAX the Rich, Stupid!
  Great article I have been saying the same for months wish Romney would pick up on this and mention in debates.

  
  

• Reply to this comment

  amazed

  Wow bro you're seriously a fucking idiot. You're blaming Obama for the increase of the deficit? When he came into office everything was in the gutter. And your "don't tax the job creators" mantra hasn't been working for the past 3 decades. Shit has been getting worse and worse and during the bush administration it was at an all time low with unemployment at an all time high. The whole 'trickle down' argument HAS NOT WORKED. all its done is more of the U.S income into the top 1%. more than 23% of our countries income is earned by 1% of our country. That is terrible. When the middle class is in a good state, every other class is as well.

  Say what you want, but since Obama came into office unemployment went down, FACT.

  
  

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