Shaking….freezing --- on my way
home after being rescued at sea by a Coast Guard Cutter. I tried to knock “The Donald” or whoever it
was into the ocean but….. let's just say that the swelling should go down in a
few days! We fought the whole time about the economy and his explanation haunts
me. Here's how it went.
Me- If Romney is elected his plan is to give a 20%
tax cut across the board which will cost 5 trillion dollars!!...and he wants to
increase defense spending by 2 trillion dollars.... I'm even more confused
now!!....how is Romney going to pay for this?.....please help me my head is
about to explode!!..... I don't get the GOP math!!!..... .help!!!
Donald- Since I have nothing
better to do, I'll try to get through to you. You say that the tax cut will
cost $5 trillion--- but you base that on money returned to the people against
the money that is collected from taxes. But the amount of money collected from
taxes always changes. You say you own a Seeing Eye Chipmunk Company…. I didn't
mean to laugh so hard that I actually peed my pants-- just haven’t heard
anything so ridiculous in my entire life. You say you haven't made even a
single sale yet-- besides the fact that it's a ludicrous product, even if
people wanted it, there's just no disposable income to purchase these items
right now.
Remember, if we confiscated every single dollar from people
in this country who make over $1 million a year….. we could run the government
for approximately 7 days. So the notion that if we raise taxes on wealthy
people who pay most of the taxes anyway that we'd be able to reduce the deficit
is not only a drop in the bucket…… it's a molecule in the bucket.
If people had significantly more money in their pocket so
they wouldn't have to be so worried about putting food on the table, then you
might have demand for your product. Say you have currently 2 chipmunks working
for you….what would you do if you had more demand? That's right, you would hire
more chipmunks--- say you hire 3 more……well, you've just created 3 jobs that
pay taxes that previously didn't exist!
Under Obama's strategy if you own a small business, you would
be paying more in taxes and also have to comply with tons of new regulations. We
see miniscule growth in the economy which means most people don't have much
disposable income… reducing demand for products--- thereby slowing down hiring.
As a business owner you still have to pay wages, healthcare, supplies and other
items. So what do you do when there is little demand for your product----Yep, you
would probably let one out of your 2 chipmunks go….reducing the amount of
taxpaying jobs. That has happened all over the United States in the business
sector.
So it's pretty logical at that point….. what would you
rather do and what would create the most tax revenue to the government? Is it better to have more
money in your pocket and have the ability to expand your business and create
taxpaying jobs that previously didn't exist…… or does the government get more
money by increasing taxes and having businesses react by cutting jobs---
reducing the number of taxpayers and then virtually eliminating demand for
products which also reduces the amount of sales tax the government takes in?
And I'm not even talking about increased demand = hiring
more people as a business owner, creating more wealth for yourself which puts
you in a higher income bracket and you pay more taxes…... If it's worth your
while I'm sure you gladly would do so. You don't get that by increasing taxes!
Now say one of your chipmunks has always dreamed about
opening up a nut store or whatever. If he sees people with more disposable
income and he has more money in his pocket…..he might take the leap and open up
his own business….viola--- new taxpayer! Say he has to hire 3 other Chipmunks
to help with the store….. that's 3 new taxpayers!
I know you say Obama gave the middle-class and small
business owners a tax cut…. that tiny amount of money allowed you to do what…..
buy 5 gallons of gas? And the stimulus? The
government didn't give money out to all businesses--- they picked and chose who
would receive the money such as Wall Street banks which shored up their bottom
line as well as the green energy industry which has a 16% success rate!
Do you think it's just a coincidence that tax revenues to
the federal government have fallen every single year that Obama has been in
office? It's funny because it's always reported as –“ unexpectedly”. Do you also think it's a coincidence that the
2 times in the last 50 years that we’ve had a really bad economy were both
under liberal administrations (Carter’s and Obama’s) that had higher taxes and
so much more business regulations that as a business owner, you would have to
fill out 8 federal forms and give 3 pints of blood just to be allowed to go to
the bathroom and wipe yourself!!!
What did Ronald Reagan do after Jimmy Carter? First, he
didn't sit and whine for 3 years and say that everything bad was Carter's fault.
Second, he gave the largest tax cuts in our country’s history at that time. Now
he had a Democrat Senate and Congress so he had to agree to drastically
increase government spending to get the tax cuts through….. But with more money
in people's pockets, the economy EXPLODED! More small businesses were created
in that time than at any time previously--- people took chances to try to
better their lives--- big companies were fighting over college graduates….. AND
THE FEDERAL GOVERNMENT TOOK MORE MONEY IN FROM TAXES THAN EVER BEFORE!!!
Yes—yes, I know that Bill Clinton had a pretty good economy
in his 2nd term as well. How did that
happen…….William Jefferson Clinton cut government spending, reformed welfare
AND ALSO CUT TAXES!!!! By today's
standards--- all you liberals would be calling him a right wing nut job!
So by significantly cutting taxes--- government actually
takes in MORE MONEY from a growing economy because there are MORE taxpayers and
income levels go up. That's why your math supposedly doesn't work. Obama's
strategy to raise taxes will cause businesses to shed jobs, reduce taxpayers
and therefore shrink the amount of money the government takes in. In addition, people
who made good money the year previously will say, “Geez, why should I try
making more money or risk any investments and/or hiring where practically 90%
of every dollar will go to the federal government!” That will reduce tax money the government
takes in EVEN MORE!
I had the perfect response to his incessant dribble…… LIAR
LIAR PANTS ON FIRE!!!
But as I sit here shivering, I can't help but think…. HE
ACTUALLY MAKES SENSE---HELP ME!!!!
