The Federal Government Has Been Collecting Record Tax Revenue While Simultaneously Racking Up Record Debt And Deficits…
The reason why the economy is not growing much, is in large part because of the policy philosophy of over taxation and over regulation. In other words, too much government. The government is the problem, not the solution. The economy is a creation of the private sector, not the government. The economy grows despite the government, not because of the government. You want a government that can effectively and efficiently operate its constitutional necessary functions, such as protecting individuals Liberty and protecting the country from invading Nations, all while taking out only as much money out of the economy to do so as economically possible.
Because of our high taxes and over regulations in this country, as well as these anti-sovereignty trade deals, American corporations are taking their factories and production out of this country to places with lower taxes and lower regulations, and then bringing their products back into our country free of charge with no tariffs (taxes) on their products, raking in huge profits for their CEOs and top corporate leaders.
Lower Taxes For Corporations And Individuals VS. Stimulus Packages Geared Towards Special Interest Groups And Lobbyists…
When you cut taxes, and put money back into the economy through the individual and businesses, they typically spend it on necessities and/or goods, and reinvestments in their companies, thereby stimulating and growing the economy. When you take tax payers money and form stimulus packages/quantitative easing (QE), taking all that capital out of the market, redistributing it to special interest groups and lobbyist, they tend to either horde the money or keep it for their CEOs and insiders. So, that money never really circulates back into the market as it should, nor does it stimulate or grow the economy to any useful extent, if at all.
Despite collecting record tax revenues, the federal government still runs a deficit in the billions. We don’t have a tax revenue problem and we don’t need to raise taxes. We have a spending problem. We also have a waste, abuse and fraud problem:
- Waste: We have a huge bureaucracy that we don’t need, we have government agencies that are not necessary, and we spent trillions of dollars on over regulations that we don’t need. Etc.
- Abuse: We over stretch our military for geopolitical nefarious reasons, we misuse our safety nets (welfare) for political leverage and votes, and we also create entitlements that are both unconstitutional and unsustainable. Etc.
- Fraud: We have people that abuse the welfare system by misusing its designed purpose and by lying about their status so as to receive several different forms of welfare such as EBT cards, so on and so forth, that they don’t even qualify for. We also have politicians that take money from the general fund and misappropriate the funds through negligence and theft. They use the money for Black Ops projects, to give themselves unnecessary raises, and to create bogus projects for profit etc.
And this is just a very short list of examples of the waste, abuse and fraud. Raising taxes is not only unnecessary, but also counterproductive and a direct deception and/or a misunderstanding of how the economy works by your federal government.
– Michael Vincent –
Ron Paul: End The IRS And Abolish The Income Tax…