Wednesday, April 6, 2016

'...the rest of us paid for.'

"There is nobody in this country who got rich on his own. Nobody. You built a factory out there — good for you! But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea — God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along." Elizabeth Warren Quote

The rest of us paid for?! The rest of us includes the job creators and the very people that start businesses and build factories, this includes the mom and pop businesses who are doing their best to play by the rules. They all paid taxes as well! Their work never ends, long hours into the night, worrying how they will pay for payroll. If they are successful, they deserve to be held up as examples for us all. The more they are successful, the more jobs they create, the more they are able to raise the wages of their employees. In turn, this all creates more tax revenue. It is a disgrace that a U.S. Senator is using this flawed argument to stir up class envy, to stir up people against one another. A disgrace she is using this as justification for the central planners to come and confiscate more and more from the job creators, thus killing more and more jobs, resulting in less tax revenue. Don’t kill the goose that lays the golden egg! Sorry, this is just nonsense.

Now if she were talking about charity that would be great. I happen to know she is not. Money helps more when given to charity then punitive taxes to government. They are poor stewards of the people’s money after all, with all the waste, fraud, corruption, debt and economic ignorance. And we are supposed to thank the small-minded politician for letting us keep some of our hard earned money?

Government cannot replace charity. The more government takes, the slower the economy gets, the less money people are able to donate to charity, with less tax revenue generated. The more money the people have, the more the economy grows, the more money people are able to donate to charity, with more tax revenue to government.

"Would that an overbearing tax burden was our only misfortune. Underneath what on the surface may seem like sarcasm is dismay and genuine sadness for those who are about to lose the opportunities they once had to become the tax overburdened elect. Indeed, the reality that those already struggling for the advancement of their employees be overtaxed to the point where they and their employees lose that opportunity as well." Kristokoff circa 2012

In response to this quote from Senator Warren that I saw on Facebook the other day.

Elizabeth Warren's Quote

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