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A Tax Cut – Should Not Include a Stupid, Economy-Debilitating Tax Increase

Seton Motley | Less Government | LessGovernment.org

It’s the Long Conversation
We’ve Long Needed to Have

President Donald Trump and the Republican Congress have both put forward tax reform plans that contain lots and lots of really great ideas.  They both simplify the code, eliminate some taxes, reduce the rates of others – and in general are geared to allow for vigor to return to our long vigor-less economy.

The fundamental element behind vigor in our economy – is coin.  The crucial component of capitalism – is capital.  And the ugly truth for Leftists is – only people that earn money have money.  And the people that earn more money – have more money.  The rich – have even more than that.

So you need all of these people – most especially the rich – to privately dispose of their capital.  Not have the government take it from them.  So as to fuel capitalism – and allow the reinvigoration to begin.

Capitalism works – in large part because of Adam Smith’s “Invisible Hand.”  Capitalism coin never stays put – it’s always on the go.  The Invisible Hand moves that money – all over the place.

To wit: A rich person buying a yacht – does more for a poor person than a thousand government programs.  Because – who sells the yachts to rich people?  Poorer people.  Who drives the yachts to the lots to be sold?  More, even poorer people.  And who builds the yachts to be driven to the lots to be sold to rich people?  Lots and lots of additional poor people.  And then there are the crews to sail the yachts, the repair crews to fix them, the harbor crews to harbor them,….

How do we know this?  Because in 1991 the Feds imposed a “luxury tax” on expensive cars, furs, jewelry…and boats.  Democrat Senators Ted Kennedy (Massachusetts) and George Mitchell (Maine) in particular crowed about the rich finally paying their fair share.  Except: More

Another Key Component of Good Tax Reform: Don’t Hike the Cap Gains Rate – End It

Seton Motley | Less Government | LessGovernment.org

At Parties – or by Political Parties

In the Left’s ongoing war against anyone who makes any money – the tax code is probably their best and most vicious weapon.  It is a multi-thousand page combination shot and machine gun – firing clouds of buckshot in fully automatic fashion.  Pummeling the private sector with endless rounds of lethal legalese.

A chief component of its anti-private sector effectiveness – is its complexity.  Nowhere therein is one page written – where fifteen will do.  This density serves (at least) two purposes.  It obfuscates what is actually required of its victims – and allows for all sorts of additional, stealthy assaults to be included in the overall attack.

The Left wants to extract as much private sector money as possible for (at least) two reasons.  Because they want to drain the capitalist system of as much capital as possible, because they loathe the capitalist system – and because they want to spend the coin themselves.

There are all sorts of lies told in this pursuit.  To defend their tax code ridiculousness – and call for even more tax code ridiculousness.  You are eminently familiar with many of them.  “The rich need to pay their fair share” – is an all-time favorite. More