Saturday, July 28, 2012

Rich man vs. Obama

I keep hearing liberals, especially Barack Obama, complain that the reason Republicans want to cut government spending is to maintain tax cuts for the rich. Comments like these make it obvious that Barack Obama doesn't understand a thing about the economy and that his view of taxation is oppressive at best. What makes Barack Obama think that the rich owe him and his programs more than a third of their hard work? Any tax over 33 percent is oppressive in my opinion. And any tax over 50 percent counts as slavery. Doesn't Obama understand that government spending is the least productive part of the economy? Doesn't he understand that every dollar saved by the rich man is going to help the economy a lot more than a dollar in Obama's pocket? Every dollar in the rich man's hand gets reinvested into the economy!! Where does the rich man’s money go? The rich man probably leaves a lot of money in the bank right? Guess what! The more the rich man puts into the bank, the easier it is for middle class people or students to get loans!! The rich man’s money actually helps people by lowering interests rates! People can move ahead in life by borrowing the rich man’s funds!! Wow! How novel. Oh wait, what if the rich man doesn’t keep his money in a local bank?? Maybe he puts his money in the stock market!! Oh my gosh! The rich man is helping the economy again by investing into businesses. That way there will be more local production and more local jobs. Maybe the rich man buys a big fancy house. Well doesn’t that help the struggling construction industry by giving them more jobs?? No matter what the rich man does with his money it is helping the economy. The money begins to flow - even if he does nothing with it!! In fact, even if he keeps all of the cash out of the bank and stored in bundles in his basement, he is still helping the economy by taking dollars out of circulation and reducing inflation!! But when a Barack takes the money from the rich man, that’s when the value is wasted. That’s when the dollar gets put into programs that are inherently wasteful. That’s when the dollar goes into failed “Energy” projects, a broken welfare system, an overregulated Obamacare, or into the social security system financial black hole. That’s when the dollar goes into hiring people out of the productive sector and putting giving them jobs in the government sector where they just watch other people or inspect them to see if they are following artificial rules and regulations that just slow the economy down. Why don’t we make a tax system that is more simple and efficient so that we don’t need a large percent of people hired in a “non-value producing” industry? Why don’t we make the laws simpler so we don’t need lawyers on every corner? Why don’t we, instead of paying people to figure out rules and taxes, pay people to actually build something and grow the economy?? A dollar in a rich man’s hand is infinitely more productive than a dollar in Obama’s hand. I’m all for cutting your spending Barack!!! Give it back to the rich who actually know what to do with it!