Saturday, July 21, 2012

Luke's comment...

You can't be for big government, big taxes, and big bureaucracy and still be for the little guy.Ronald Wilson Reagan

Thursday evening when I walked into the Racquet Club to teach my Pilates class, one of the club members came up to me and said, "I want to shake your hand."  I shook his hand asking, "Why do you want to shake my hand?"  He said one of my boys posted a comment on Facebook that he thought was marvelous.  He said he forwarded it to one of our local politicians with the comment, "There is hope for this next generation as long as we have people like this."  He was shaking my hand because I raised such a brilliant thinker.  Naturally, as a Mom, I wanted to know what my child said that he deemed so profound.  I asked Luke if he had written something on his Facebook page, and he indeed had.  He said he was responding to comments stating that the top 1% and big corporations were not paying their fair share in taxes.  Here is what Luke wrote:

"There is a problem with the logic of some on this discussion thread. Government cannot do anything to improve our lives. Government has no money of its own. It doesn't provide any benefits. The taxpayers provide benefits and supply the government with money. Somehow though the 1 percent which is assuming roughly half the American tax burden don't get thanked for the support they lend to the 49% of households who pay NO federal income tax. No instead we have bought into the misconception that it is politicians like Obama that are supporting our middle class. So we cheer the politician and demonize the taxpayer that actually keeps the fragile system alive. That is entirely short sighted. Also those making arguments about corporations not paying taxes are unknowingly undermining your own point. Global corporations make sure to direct their income out of the US taxing authority because our corporate tax rate is the 2nd highest in the world. Hence higher corporate tax rates actually translate into lower corporate tax revenues. Therefore if our rate was commensurately low with other nations we might actually see some more of that income declared in the US and our total tax dollars collected would increase. So raise taxes on the 1% or 10% if you wish and watch the household tax revenues decline the way the corporate tax receipts have."



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