TDS: Mis-represention of tax situation

Jon Stewart steers the crazy train to rational station: With added vapid Glen Beck sensationalism!
Crosswordssays...

I'm thinking I need a new career, so what's the hourly wage for an otter scrubber? Or do they get paid per-otter? Do minimum wage laws apply or do the otters tip in clams, and if so what's the conversion rate of clams to dollars?

Winstonfield_Pennypackersays...

Always enjoy popping a left wing groupthink bubble... Reagan was correct, and Stewart is dead wrong. It has been repeatedly established that increased taxation results in decreased economic activity, and subsequent strangulation of tax revenue. What Stewart (et al) ignore is that America has the #2 highest business tax rate in the world (39.25%) behind only Japan (39.54%). And then the left wonders why 'evil' companies choose to operate in places like Hong Kong (15%), China (25%) and India (30%).

And the 'evil' rich? Our top tax rate is 39%. That's lower than Germany (49%), Japan (50%), Italy, and the UK (50%) - but it is higher than S. Korea (35%), India (30%), Finland, Argentina, Brazil, et al. The US is very middle of the road (leaning to high) in regards to top tax rates. This is statistical fact as opposed to Stewart rabble-rousing. The top 5% of U.S. wage earners pay over 60% of all federal income taxes. The top 50% pay a whopping 97.1%. The poor aren't paying squat.

To listen to Stewart you'd think businesses & the rich pay nothing, and the poor are the ones paying all the taxes. That is a left-wing delusion peddled which only the stupid and inattentive could possibly accept. The rich are the ones paying the taxes. So when a tax CUT happens, it is attacked as a 'cut for the wealthy'. Yeah, the wealthy get it because they are the only ones PAYING it. The only place you can 'cut' taxes for the poor & middle class is gasoline, state, social security, medicare, and medicaid. And yet oddly, no one on the left ever proposes alleviating THAT tax burden.

When you make a nation a friendly environment for business and wealth it results in wages, jobs, industry, growth, and (yes) TAX REVENUE. The "tax the rich to prosperity" concept the left ascribes NEVER works. A heavily taxed wealthy class combined with a low/un-taxed middle & poor class results in a disincentivized lower & middle class, inflation, depression, stagnation, low productivity, shrinking population, business flight, and eventual economic collapse.

Everything Stewart says here is baloney. No one is saying "no taxes on the rich and kill the poor!". Fiscal Conservativism advocates reasonable, sensible economic policy friendly to business, investment, and wealth. Such a method benefits everyone. America became great because it welcomed and rewarded business, wealth, ingenuity, creativity, and hard work. Countries like Germany (52% taxes) the UK (50%), France (50%), Italy (46%) and so on are the ones that have screwed up royally by stifling these attributes in their populations via socialization.

Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists




notify when someone comments
X

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
  
Learn More