Liberal Agenda Depends On High Tax Rates
Politicians in Washington can always find something to fight for. As I predicted a few months ago, their favorite battleground during the outgoing “lame duck” session of the liberal Congress is the possible extension of the 2001 and 2003 tax cuts. tax breaks to the “rich”. They will extend tax breaks to the middle class, but not to anyone they deem “rich”.
Why? They want your money.
You’re not rich, you say? You make less than $250,000 per year? It doesn’t matter… if ALL tax breaks are not renewed (or made permanent), you will still suffer from a destructive liberal tax-and-spending agenda.
Let me explain the intentions of the liberals. Not because they want money. They don’t, generally. They can borrow, print, or electronically “create” as much money as they want. That’s what “quantitative easing” means. No, they don’t just want money. They want YOUR money.
Here’s another way to look at it: they don’t always want the government to own your money; it’s more that they don’t want YOU to have it. They want you to feel miserable and needy, and ready to pick promising candidates and proposals to “look after” you. They need you to be unemployed, dependent on the government for welfare and food stamps. They need you to be a victim.
And that’s why they insist on extorting as much money as possible from the “rich people”, also known as small business owners and entrepreneurs who might be able to create jobs and give people the opportunity to realize real opportunities. They will extend the “middle class” tax cut because it will disguise their true intentions, and make you like them, and (they hope) get you to vote for them. But they will soak the rich. Eventually the misery will trickle down to you… and if you don’t believe it, well, enjoy the holidays while you can.
If the government really wanted to bring tons of revenue into the federal coffers, they would cut income taxes to a low level of about 12 percent for everyone. Yes, even the rich. The downside is that thousands of IRS agents, tax accountants, tax attorneys, and corporate consultants will lose their jobs. However, we’ll probably shed fewer tears for those people when they start taking on the great job of advising real companies on how to do real business. With a fixed income tax of 12 percent, the US will see a flood of investment money pouring into the country. Businesses will start and grow, people will return to work, and millions of new taxpayers will join. The federal government would suddenly be inundated with money they didn’t have to print or create out of thin air.
But they don’t want to do that. See, they don’t really want higher tax revenues. They want higher tax rates. The difference is, with higher incomes, higher economic freedom and less control over citizens by the custodian state; with higher levels comes higher control, and bigger and wider offerings.
The fact that this Keynesian economic model has never worked, and has always led to totalitarian regimes and general evil, does not deter today’s liberal leaders. They either think they can do what has been done before and get a different result (the definition of insanity), or, bless their hearts, they are too stupid to learn anything from the collectivist adventures in recent world history.
This is what is to come. Do what you can to get yourself out of this system now, before it crashes. Get out of dependence on anyone by creating your own income – you can start a business more easily now than at any other time in history. Get healthy enough to endure the hardships on the horizon. And be smart about the global economy. The more you learn, the more prepared you will be.
Do not be afraid. Ready.