Great listing of Repub House reps!
HOLD THE LINE. Don’t raise the debt ceiling. Just say no to Quit, Crap and Baloney. No Cut, Cap and Balance. Quit, Crap and Baloney is a dead end that will raise the national debt by $10 trillion.
taxation within a country only leads to reduced economic freedom and tighter control/dependency on the government.
i use this analogy to show high and low taxes and the effects on the economy for people that do not really understand the issue with taxation... and there is one interesting twist.
imagine you have an economic system but no transactions happening. you are at time 0. your tax rate is set at 50%, and waiting for money to start the ball rolling.
in comes $100 from offshore. $50 immediately goes to the fed... you buy a thing, and you’re broke. that person sends $25 to the fed, buys something for $25, and is broke. the next guy sends $12.50, buys a thing, and is broke. the process continues for 6 or so transaction and stops.
compare to lower taxes... 10%.
in comes the $100, $10 goes to the fed... you buy the thing for $50... but have $40 left over. you buy a thing for $40 and are broke. both people you bought from send $5 and $4 to the fed, buy a $25 thing each... then one buys a $20 and the second buys a $15... then both are broke. the process continues for about 30 transaction or so.
two things to note.
1. as the number of transactions increases, the more vibrant your economy. thus the lower taxation provided for the most vibrant economy.
2. now the surprise... in both cases, where is the money in the end? in the FEDERAL GOVT! most people don’t realize this. raising taxes doesn’t get more money into the government... as it all ends up there anyhow... it just makes you beholden to the government faster. because once the government has the money, you must ask for government programs/contracts to get it back into the system.
but under social justice... only certain people will get those contracts (8a anyone?)
and on top of that, with high taxation, even when the government puts the money back into play... the number of transactions will still be low. so people are forced to only provide for the gov’t, and the number of industries that do not support gov’t start to dwindle.
to pay debts, the gov’t can either print money or get more into the system from outside the country. to do that, a more diverse economy would be required to attract more foreign money in sales.
in other words, the tax rate will not change the amount coming into the gov’t. only a change in the trade deficit will. lower taxation increases economic diversity, improving the trade deficit.
I called my senators and my rep. I was especially firm with the guy at Sen Isakson’s office.
I railed against the gang of six.
thanks for doing this — but it may take me more than 10 minutes which is well worth it.