Boy, am I glad somebody wrote the article. The article to which I refer and the somebody who wrote it are “There’s No Escaping Houser’s Law” and Kurt Hauser, respectively. The Wall Street Journal published the piece, servicing a gap in public knowledge about the relationship between tax code (read: raising taxes) and the economy of the United States.
So, listen up all ye of liberal heart. Read the article and learn:
More tax means a slower economy when it’s already running at a turtle’s pace.
More tax means more tax for everybody, including the poor.
More tax means less money in everybody’s pockets, including the rich.
More tax means fewer jobs for everybody, and that includes everybody.
More tax means less revenue flowing into the U.S. economy.
Yes, more tax for everybody means less of everything for everyone, which, in turn, continues to wreck the economy.
Rid yourself–whatever your political persuasion-of the notion that fat cats should pay more tax. Raising taxes only taxes the rich is an ignorant concept. It’s wrong. Simply incorrect. What that means, boy and girls, is that it doesn’t happen that way.
Other ways to say it follow. So listen and learn:
Tax kills entrepreneurship.
Entrepreneurship makes new business.
New businesses create new jobs.
Jobs increase personal income.
Personal income allows consumer spending.
Business makes money and invests when consumers spend.
Investments create more jobs and income.
Income from jobs and investment ignites the economy.
All of this stops at the start and when people and businesses are taxed more at every step of the way.
The current leadership in Washington (and that’s gracing the folks there with complimentary language) think raising taxes is the way to ignite the economy when the opposite is true. Lowering taxes will ignite the economy. I don’t know how to say it in a simpler way.
Read Hauser’s WSJ piece and learn it from an economist more highly educated, erudite, and articulate than me. See if you can “get it.” Consider the effects of the idiotic actions of the people in power. Better yet, send them Hauser’s piece and see if they get it.