Loading ...“Raising taxes reduces disposable income and that can ONLY reduce economic growth.”
Comment:
He neglected to say how and why taxes got so high. I myself watched over the decades what was going on and what caused the higher and higher taxes……
Global corporations, that control our elected representatives, and get the ok, to have it made over there and sell it over here. That process put millions of Americans out of work.
Less work means more people that used to PAY taxes get on public welfare, or public employment, and start to ABSORB taxes. Ironically, the growing numbers of public employees, and vendors, get paid MORE than the tax PAYERS.
I watched it unfold. When we made all our own widgets 1945 to 1975, the US gov’t had budget surpluses. After decades of importing MORE than we exported, we end up with budget deficits and low tax payer wages. A simple catch 22 situation.
These global special interests are like a separate independent country of its own with its citizens scattered all over the world like Muslim extremists of the day. One group scattered all over the globe.
I’m sure there are many American businesses in that independent group of globalists without even knowing it. If your small local business is importing stuffed animals from China, and you sell them at flee markets, or Craigslist, you are unwittingly a small globalist. You are out for yourself, not patriotic at all.