Our nation began with a tax dispute. Government’s underlying “logic” for more and higher taxes is consistently wrong on two fronts:
- That the tax dollars will actually “fix” problems.
- That buying, selling, investing, and earning income will continue at the same pace, irrespective of taxes imposed.
These reflect zero understanding of macro- and micro-economics – because taxes and regulatory compliance costs always reduce productivity, incentives, and investment. Two centuries of research prove that taxes always alter buying, selling, research, and investment decisions in order to accommodate that loss of value siphoned off. This changes how much and what types of enterprising risks people are willing to accept, and politicians are always shocked when higher taxes result in lower economic growth and less job creation.
Benjamin Franklin noted that “… in this world nothing can be said to be certain, except death and taxes.” How sad, that such a visionary of these free and United States, would resolve himself – and us – to this bleak reality. That our beloved nation owes its founding to a revolution against government tax policy is quite interesting, because the new nation of freedoms and liberty born from that rebuke of tyranny has for 240 years incrementally added multiple burdens of taxes back onto its citizens. It would be inconceivable to Washington, Adams, Jefferson, Franklin, Paine, and Hamilton that their primary motivation for declaring the states independent of England, would now dominate every facet of private sector enterprising. Surely the American people are now ready for leadership to not only talk about the negative impacts of excessive government taxation, but to take the necessary ACTION to implement common sense remedies that will no longer limit various freedoms and reduce economic growth.
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