So now it’s pretty certain that
Joe Biden will serve as the
46th President Of The United States. And of the many things I could reflect upon, there’s one thing that sticks out. He states that we would
raise taxes on the highest earners.
Does anyone know what that means? You cannot tax the country into prosperity – pandemic or not. It has never worked, and never WILL work.
But let’s play devil’s advocate for a moment. What would happen if you did tax this group? Well, I’m thinking that if you make less, you spend less. If you have a company that more taxes are taken away, there are fewer resources to draw upon. Those resources are employees, cashflow, tools to run a business, etc,. There’s that, or it could go a different way. Companies could pass the buck onto customers, via higher prices on goods. Tax-savvy people could find ways to pay fewer taxes (Donald Trump has been a clear example.
There’s no such thing as a “fair share.” It’s a myth.
I do believe however that taxes are essential, but the less there are, the better. when you give back to the taxpayer (or don’t take in the first place), the taxpayer has the opportunity to manage his/her money the best way THEY see fit.
Maybe it’s a “radical” idea, but to me, it’s just common sense – something that is lacking in Washington, D.C. I’d keep a watchful eye on your wallet and this presidency, If I were you.
