The left usually presumes that if the rich and near rich get less, someone else will get more. To the liberal, redistribution achieves a better social balance. But when the rich get less, no one else gets more. Regardless of how the rich earned their money -- trading bonds, performing surgery, starting new companies, providing legal work -- it's no longer so lucrative. The incentive is lost. The rich get poorer, but no one else gets richer. Society is worse off.
'Trickle-down economics' is a despised phrase and concept to many, but it also embodies a harsh reality. The rich often play a pivotal role in U.S. economic growth, and if they are enfeebled, then the consequences are widespread.
This is not a time when we should be talking about raising anyone's taxes, middle-income or upper-income. This is a time when we need all of the economy's oars in the water pulling together, especially upper-income investors the Democrats want to tax into oblivion. This economy is desperately in need of tax-cut incentives to unlock an infusion of private investment capital to help job-creating entrepreneurs and existing businesses survive what is very likely to be many months of economic anemia and turmoil.
Ronald Reagan once said something we should all listen to once again. He said, “It's about time we constitutionally mandate the Federal Government to do what every American family must do, and that is balance its budget. That doesn't mean taking more out of your pocket by raising taxes. ... We the people, deserve to know that our jobs, paychecks, homes, and pensions are safe from the taxers and regulators of big government." The fact of the matter is all these things and more are in jeopardy of being taken by this congress and used to pay for their mistakes.
We used to have a strong dollar. Politicians changed that. Marriage used to be sacred. Politicians and the activist judges they appoint are changing that. We used to be respected around the world. Politicians changed that. We used to have a strong manufacturing economy. Politicians changed that by taxing business so punitively they had to look elsewhere in order to make a profit.
We used to have lower tax structures. Politicians changed that.
We used to enjoy more freedoms. Politicians changed that.
We used to be a large exporter of American made goods. Politicians changed that.
We used to teach patriotism in schools. Politicians changed that.
We used to educate children in schools. Politicians changed that.
We used to enforce LEGAL citizenship. Politicians changed that.
We used to have affordable food. Politicians changed that by mandating we use it for fuel. One could go on and on with this list.
Frankly, I'm not sure if I'm just being guilty of wishful thinking, but I have a hunch that while President Barak Obama is doing his best to destroy America and capitalism, the lemming-in-chief is leading the party faithful blindly off the cliff. No matter how personally popular the president might be, and I am beginning to doubt those particular numbers, the same certainly can't be said for his colleagues and cronies.
It is difficult to find in the history of America, a time when the door was so widely opened for the minority party to sweep out the majority. But alas, the GOP has a long history of snatching defeat from the jaws of victory, and the poverty of leadership is repulsive. If they can find their voice, those Democrats who are going along in order to get along are likely to discover next year that the voters are going to tell them in no uncertain words to move along. The dirty little secret is, Pelosi and Reid are about as popular as chicken pox. Most Americans hate socialized medicine and cap and trade. They loathe the idea of the feds being in bed with the unions and nationalizing banks and car companies. They hate the idea of dismantling our missile defense system at the very same time that Iran and North Korea are threatening us.
It’s time to fight back. It’s time to take our country back. It’s time to lead again.
We are a nation that has a government -- not the other way around. And this makes us special among the nations of the earth. Our government has no power except that granted to it by the people. It is time to check and reverse the growth of government, which shows signs of having grown beyond the consent of the governed.
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