We must vote for those candidates of any party that reflect these values: hard work, self-determination, smaller government, fiscal responsibility and honesty. Look to the character of anyone you chose to support. Their past does matter if they haven't learned from it. Their personal life is as relevant as their public one. We must be able to trust those who will be advising and leading us on what our country must do next. -Glenn Beck

Thursday, April 12, 2012

Just raise the taxes on the rich!... right?

I got on my computer today with the intention of putting together a post with a bunch of numbers showing how raising the taxes on the rich (the top 1% already pay 38% of income taxes, while 50% of the people in the U.S. pay no income tax) is a silly idea that will actually decrease tax revenues in the long term and would not come close to making a dent in the deficit.

But as I sat down at the computer, I logged onto Facebook and saw a YouTube link had been posted by a friend that was saying exactly what I wanted to say. So you could listen to me... or you could listen to Tony Robbins. (Even I choose Tony!):

Well worth the listen. The notion that raising the taxes on the rich to solve our nation's problem is nothing by an attempt to disparage "cold-hearted" Republicans who "just want to pad their big-oil buddies' pockets" when Republicans say enough is enough with taxation and spending. It is an attempt to further the redistribution of wealth and create an entitlement society in order to increase the power of government and create an elite ruling class who can care for the people, who aren't smart enough to take care of themselves.

Outflows have to be reduced to at least the level of inflows, and that's all there is to it. I would love to drive a Ferrari, but I don't, because I can't afford one. At some point, the left is going to have to wake up and realize that we can't afford to pay for everybody's retirement and health care and first-class schooling and whatever else the government feels individuals are entitled to, even though we would love to do that. It's just not in the budget (besides not being a role of government.)

Cut spending, and then work on increasing inflows -- Not by raising taxes, which will discourage investment and growth in business, but by creating an environment conducive to investment and growth in business through lowering taxes.

If we are talking about who can make a better speech, my money is on the lawyer, community organizer, and Senator, President Obama. If we are talking about who can create a booming economy, my money is on the guy worth $250 million who has spent his life turning companies around. Mitt Romney obviously has a deep understanding of business and money, which is exactly what the doctor ordered for our poor country.