Posted on 10/24/2021 5:44:09 PM PDT by Jim Robinson
Nothin' ain't worth nothin' but it's free. But nothing costs more than yet another worthless, never-ending government program.
The first rule of costs - that we all should've learned in grade school - says there ain't no such thing as a free lunch.
And the first rule of costs of new government programs - that most of us learned after we became taxpayers - says they will always cost more, much more, than the proponents estimate. And once started, they never go away.
In other words, there ain't no such thing as a ZERO cost government program or a temporary government program.
Likewise, the first rule of raising revenue by increasing taxes, especially when 'only on the wealthy,' says that they can never raise the revenue projected. The wealthy have a funny habit of investing their wealth where they might expect to earn a reasonable return on their investments with a minimum of tax consequences.
Thus, the tax net must always expand to catch all the little fish, too.
Then there's inflation. Whether through taxation, borrowing or simply creating money out of thin air, the more the government spends, the more they have to siphon off the free economy and the higher the inflation rates go.
And inflation is a regressive tax which will hit the small fry the hardest.
Likewise, increasing the tax on business owners and corporations simply increases their costs. These costs must be recovered through sales, so prices must go up.
It may be a harder lesson to learn, but even though they write the checks, corporations don't actually pay the taxes. They must pass all their costs (including expected taxes) on to the consumers one way or another, otherwise they cannot stay in business.
Labor costs go up, product costs go up, energy costs go up, transportation costs go up, taxes go up, etc, then prices must go up to compensate. It's easy to see that the costs of labor, materials, rents, transportation, energy, etc, must be accounted for in the prices paid by the consumer. But the cost of higher corporate taxes must also be collected from the customer through higher prices, and the appropriate tax portion (based on net income) ultimately passed on to the government. The corporation is simply a middle man.
The end user pays all costs including corporate income taxes embedded in the price they pay for the product or service (assuming the company is to remain an ongoing profit making venture).
Government spending, taxing, borrowing, creating money out of thin air, etc, all have their costs. And ultimately, we consumers (even those receiving the benefits of the government program) and taxpayers must pay that cost.
There ain't no such thing as a zero cost government program.
“The end user pays all costs.” True. Thank you for your analysis. The job of the middle class is to keep the poor and wealthy separated. Taxing is an activity of state leaders who are ignorant of politics, economics and common sense.
That 5 trillion has a cost is white supremacy math. The new math, as introduced in schools, is there is no “right” answer to an equation, such as what is x in the equation x = 2 + 2.
If your gut tells you that 5 trillion = 0, or 2 + 2 = 10, then that perception is just as valid as anyone else’s, as long as it meets the challenge of equity, diversity and inclusion.
The second mouse gets the cheese.
Another thing that we all should’ve learned in grade school -
How to identify
Weasels
Con men.
Communists.
( eta most of us did, but not enough of us I guess )
Peruse later.
Same here
To liberals ‘’rich’’ is anyone with a job.
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