A couple of words on "taxes".
It's not that ANYONE can or can't pay more percentage in taxes.... What we're "politically" talking about though is different:
Fundamental belief #1.
The government is better at spending your money than you are... therefore you should just go along with whatever the government has planned for your money. i.e., send more to China for debt service... pay for Obamacare... pay for Welfare... pay for more government "programs" etc.
Fundamental belief #2.
Let me earn as much money as possible (the American way) - pay a percentage of taxes to the government... let them do with it as they wish - let ME spend money on investing to make even more money... pay more taxes - and spend money buying STUFF which then the person selling it to me pays taxes... and he's making money so he's spending money so the guy he buys stuff from makes money and buys stuff from someone else... Each transaction there had a tax paid associated with it.
Fundamentally - nobody is really sure which way is "the best"... but I sure as hell know that when I'm making money and spending money... the economy benefits. Sending more interest payments to China... Taking care of the illegals in the emergency room... I'm not so certain about that. I look at EUROPE and see their socialist, high tax rate, get "free" everything way of government and I don't see that working so well for them.
The countries that do the best - are the countries that actually MAKE STUFF.... China being a shining example of an economy that has gone bananas because they're a manufacturing powerhouse! They went from making stick and twig brooms to making iPhones.... and we're now borrowing from them -- so we can give that iPhone to people that make NOTHING - do NOTHING - and employ no one.
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