Do Americans “dramatically underestimate” taxes? Not only do more than half of Americans believe they are overtaxed, it turns out that many of us don’t even realize that our employer pays more taxes on top of our payroll deductions. In other words, many Americans don’t realize that your employer is paying an extra price for every worker, money that might otherwise be spent wages, R&D, employee benefits, or investment. I’m just sayin’…
Are you overtaxed? Do you know how much you pay?
Should the rich pay more taxes (than they already do)?
If where the “fair share” line is up to private opinion, what does it say about President Obama’s opinion that, when the economy is struggling and unemployment is high, he wants to take wealth out of our country to balance the debt? Wouldn’t it be better to grow the economy and lower the cost of government? Why would we soak the rich–most of them owners of businesses and investors in businesses–at the very time capital is most needed to grow business and expand? [cont…]
The Obamacare saga encourages political dishonesty [Contributor]
Political dissemblance over the nature of taxes and regulatory architecture looms as an inevitably dark truth of post-Obamacare government. Through the tortuous legislative course of Obamacare’s genesis, Democrats continually denied that the individual mandate was a tax, the heaviest word in America’s political lexicon. Instead, the mandate was a “penalty,” or a “shared responsibility payment.” (A chillingly Orwellian turn-of-phrase). The Democrats knew that truth in taxation would slay Obamacare and scuttle their century-long obsession with state-directed flu shots and hip replacements. So they prevaricated. What do congressmen call a law that amends the Internal Revenue Code, is enforced by the Internal Revenue Service, and forces families to pay up to 2.5% of their incomes into the federal treasury? Anything but a tax.
Unless you’re in court—there, any word will do. [cont…]
When the government picks winners, the applicants might already be losers
Maybe it’s time to choose leaders who won’t keep “picking winners” by subsidizing private businesses and using government to compete with the market? Even the Chinese can make a city look good by pouring enough money into it. Just look at the Olympics. That doesn’t mean the economy will do better because of it.
Government subsidies equal corporate welfare. It doesn’t matter if you’re in Washington, D.C. or West Valley City, it’s the same thing. Whether it’s Solyndra or UTOPIA, the more a company shells out to get onto the public assistance, the less likely it would perform well in the market. Spending more money on campaign donations and lobbying might be correllated. [cont…]



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