Saturday, July 16, 2011
Don't Punish The Rich!
The Obama Administration as well as liberals everywhere continue to blame the rich for our economic problems.
"They fly corporate jets."
"They make too much money."
"They need to pay more in taxes."
In light of the fact that 39% of all taxes are paid by the top 1% earners....
and...
In light of the fact that 86% of all taxes are paid by the top 25% earners...
and...
In light of the fact that 97% of all taxes are paid by the top 50% earners...
It is clear that the wealthy are already carrying the heaviest tax burden in America.
What most people fail to realize is that the wealthy are the employers. They are the ones who pay America's salaries and create America's jobs.
If we destroy the wealthy by taxing them so much that they lose their ability to make a profit we will destroy their incentive to form companies that create jobs and pay salaries.
When I was little I remember a story about the goose that laid the golden egg. If we kill the goose, we will have only ourselves to blame for our mess.
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