Saturday, February 28, 2009

Taxes help growth?

Maybe I was asleep during this part in my economics classes but when did increasing taxes on our most successful people help out the entire nation? One of the biggest reasons people start their own business is to make money and have a better life for themselves. If the rich have to pay more for being more productive then they will be less productive in order to avoid paying the high taxes. When those who create the jobs choose to be less productive because of high taxes it usually leads to lay offs and passing those costs back onto the consumer. Not only does it put more people out of work but consumer goods become hard to buy when the prices are jacked up.

Why must Obama and his cohorts punish success? He current excuse is
that he has to help those who are feeling great pain by the current
economic climate. Some people think he is just stupid and doesn't know the basics about economics. Personally I don't, the main basis of liberal economic policies is that the private sector can't be trusted or at the very least the private sector can't help the public enough. Their polices seek to hinder the private sector so much that eventually people realize that it's more of a pain to run a business than it's worth. When jobs in the private sector dry up then the government steps in whether it be local, state or federal. When the government creates jobs it creates more of a burden for the tax payer. Since it is the tax payer that pays the wages of civil servants regardless of position. People tend to take civil service jobs when the economy is tight because it's guaranteed work. While I have no problem with civil service, hey it's a job my main problem is that people become entrenched with these jobs and won't find a job in the private sector. Civil service jobs were designed for those who can't find work (disabled, elderly, etc) in the private sector not for those who won't find work elsewhere. When you depend on the government for work your less likely to criticize it's policies and it's actions. Becoming dependent on the government in my opinion is a bigger threat to freedom in this country than anything Bin Laden can throw at us. I would like to be proven wrong that Obama doesn't seek to create a populace dependent on the government but I don't see that happening any time soon.

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