19 September 2008

On Taxes

Okay, there's a lot of debate going on right now in the elections about taxes. Namely, whether the voters should vote to support raising or lowering. Here's the thing no candidate or anyone has talked about:
Millionaire's money DOES NOT SIT AROUND. When people have a lot of money, they INVEST IT to combat INFLATION. That way, it doesn't lose value. So, by raising taxes on these folks, their ability to invest in businesses and housing and so on is decreased. That leads to a bad effect on ECONOMY.

Further, I know firsthand that the middle-class end up being hit the hardest by this "raising taxes" mantra. Middle class citizens end up having to pay out more, causing them to enter financial hardship.

Even more, small businesses that are getting their feet under them end up hitting a wall, having to cut back, cut jobs, and so on.

So, the BEST policy for this country:

FORGET OUR CURRENT TAX SYSTEM. Why should we continue to have a tax system that is so messy and convoluted? We have so many taxes for so many things, it's ridiculous. How about we throw it out and instate something sensible.

I know I'm a supporter of the Fair Tax system. With this system, you can bring home 100% of your income. More money in the pocket means more will be there to spend. People LIKE to spend money. Just look at all the marketing ads for toys and gizmos out there.

Having a better tax system would also take a lot of wind out of politicians sails. They won't be able to use that card quite as much as they do now.

C'mon, people, let's try to straighten this country out!