Monday, October 1, 2012

Taxing the Rich - The Math Doesn't Work


This is a great piece that effectively and unemotionally explains the problem facing us as a nation with our excessive spending.  We hear all too often that all we need to do is tax the rich and get them to pay their fair share.  While that might sound like a great idea, the facts don't support this claim.  If people would just check the facts and challenge politicians to be honest, we could have an open honest discussion.  The political bickering is not helping us solve the problem.

Even if you tax everyone making $200,000 or more 100%, you won't collect enough to pay down this year's deficit, much less make any progress on reducing the $15 trillion we already spent that we didn't have.  Government has grown beyond our ability to pay for it and it is time the government, do what every business has had to do in tough times - downsize.


We need to quit demonizing the rich and get back to encouraging people to be innovative, take risks and excel.  We have rewarded complacency and what started as a safety net has turned into a way of life.  The intent of government assistance was exactly that assistance, not a sustained stream of income and benefits for life.

You can't make an informed decision in November if you don't educate yourself.  Take some time and watch this video!!




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