Tuesday, July 5, 2011

It's not a "Tax Break for the Rich"; It's a Tax Break for Everybody

There's a term liberals love, and use every time they attempt yet another tax-hike in order to fund their precious social programs, give themselves raises, or pay off the special-interest groups that helped them get elected.

They claim that Republicans are only interested in "tax breaks for the rich." The "rich" is that famous boogeyman the left loves to use in order to make the average voter hostile toward the liberals' competition. After all, if the left is so against "the rich", then they must be for the poor, right? Never mind that most of those angrily disparaging "the rich" are usually quite rich themselves. In fact, they may be richer than the average person they're including among "the rich".

"Rich" apparently means you make $125,000 per anum, or more. I'll admit that's more than I make, but for a small business owner, that's barely enough to scrape by. One thing lefties don't like to admit is that business owners have to spend money to make money, and the only way "rich" people remain "rich" is by ensuring money is being spent in the right places in the businesses they own. A guy who owns a donut shop and earns $125,000 a year has to buy inventory, pay employees, pay rent on the building his shop is in, pay custodial staff, pay for ad space in the yellow pages and any other marketing costs, etc. And that's before any take-home pay, which he uses to pay bills, put food on the table, provide for his children, etc. Your average "rich" person probably sees less "excess" money than the average joe working a 9-5 entry-level or middle-management job.

But Left looks at a gross income of $125,000 or more and immediately decides that person is "rich" and should therefore pay their "fair share", ei: pay more in taxes than a person making less money.

Okay, you say, maybe he shouldn't be taxed so much, but what about the millionaires and billionaires in this country? Shouldn't they pay more? After all, they won't miss it.

Did you forget what I said about spending money to make money. There was a well-known businessman who is easily a millionaire who once said that in order for his business to BREAK EVEN, let alone make a profit, he had to spend $2 million every day. Think about that. I mean, this guy's millions didn't come from nowhere, and he doesn't store them in some vault and never touch them. The money he makes goes right back into his business. And if the donut shop owner has to pay 10-20 workers in addition to all the other money he has to spend, an auto manufacturer, for example has to pay millions if not billions of employees, and he still has all the other expenses the donut shop man has, plus more besides. He's not sitting on a pile of money somewhere. That money is circulating, making sure his business can stay afloat, and a surprisingly small (comparative) percentage of that money actually lands in his pocket to be used as he sees fit.

Liberals must have this idea of "rich" people being a little like Scrooge McDuck, or other cartoon rich people who literally sleep on piles of money and light their cigars with $100 bills. In real life, I'm sure these people exist, but those aren't the people the Liberals are targeting. Instead they're going after business owners, who are already struggling to stay in the black, and insisting they pay more in taxes because it's "fair".

How's this for "fair": A rich business owner is taxed heavily, and has less money to put into his business to ensure it stays afloat. So he has two choices; raise prices or downsize. Does either choice sound fair to the person of average income? The left are so busy villifying "the rich" that they don't even ask themselves what getting back at the rich will actually do to the middle-class and poor.

So, really, a tax cut for the rich is a tax cut for everybody. Punishing those who are successful simply never makes the less successful better off. Not to mention that every time liberals have raised taxes, it's never just on "the rich", but on EVERYBODY. Conservatives believe that everyone should be taxed the same percentage of their income because that's as much as they can easily afford. Yes, that looks on the surface like the poor pay more because the percentage on the dollar is higher, but ultimately it benefits everyone as it keeps prices down and keeps jobs going.

After all, we're currently seeing how well liberals and their high taxes work for unemployment rates...

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