Roughly 80% of Americans believe that taxes should be increased on millionaires as part of any debt-reduction package.
This means two things:
- 80% of Americans are wrong. (I don’t know how many times I have to say it, but ALL TAXES ARE EVIL.)
- John Boehner and Michelle Bachmann are true leaders! Any elected officials that take the correct stand (no new taxes for millionaires) regardless of a political risk are the true leaders.
Boehner Finally Stands Tall
Boehner has shown signs of leaning toward the socialist left in this country by initially agreeing to cut/revenue ratio of 4 to 1 in debt-reduction talks with President Obama. That means that a reduction in deficits would be only 75% cuts in expenditures (Social Security, Medicare, etc.) and a whopping 25% in increased revenues (code for raising tax rates for the rich and corporations to levels of 10 years ago–a radical idea).
The good news, however, is that Boehner refused to even talk about going to the truly socialist position of a 3 to 1 ratio by walking away from talks with Obama today. Boehner had already compromised his beliefs by moving 25% toward Obama’s position–how could he be expected to move 33% in Obama’s direction?
Just to be clear: Obama thought that it would be fair to have revenue increases account for a full 1/3 of deficit reduction, while having the rest of the debt reduction (including cuts to handout programs like Social Security and Medicare) represent only 2/3 of deficit reduction.
If Boehner had let Obama get away with that, the next thing you know Obama would want a 50/50 compromise. Can you imagine the uproar from the Tea Party?
Bachmann Has Right Idea: Tax the Poor!!!
I know that I said in the introduction that all taxes were evil, but to clarify, I was talking about all taxes on the rich and corporations. There is absolutely nothing wrong with having the poor pay higher taxes, which is what Michelle Bachmann wants to see.
A significant portion of Americans makes so little money that their standard deductions and deductions on mortgage interest, etc., are high enough that they owe no federal taxes!!
In other words, they work the system by picking jobs with poor pay just so they don’t have to pay taxes.
That is simply not fair. The system should be changed so that they have to pay their taxes first; then, if they have some money left, they can pay for children, food, housing, etc.
Not Popular, But Correct
I know that taxing the poor instead of the rich is not be a popular idea, but it’s the right thing to do.
You never want punish anyone who might possibly someday consider taking a small portion of their money and possibly investing it into a business that might eventually create additional jobs by placing any kind of a tax burden on them. Ask Grover Norquist.
Corporations should be tax free. It’s the same with the rich who might someday want to start a corporation.
Tax the poor instead, especially if they’re going to continue to insist on luxuries like Social Security, Medicare, and public schools.
It’s common sense–and some leaders are bright enough to realize it.