Posted by Ray Haynes at 12:00 am on Feb 20, 2008 Comments Off on Increasing Taxes is Always Wrong
All right, it is now time to talk about the so-called yacht tax
that thankfully was defeated last week. Newspapers and
Democrat bloggers have spent lots of time, ink, and electrons
beating up on Assembly Republicans for helping the "rich" in that
vote, but they ignore basic economics. To them, a tax raises
revenue, no matter what, and not raising a tax "deprives poor
children of the health care" these lefties thought would come from
this increased revenue.
Let’s ignore the fact that most government programs deliver
money to bureaucrats, lobbyists, and those who get paid hundreds of
thousands dollars from government, and that the alleged recipients
of government largesse are mostly an excuse for politicians to take
money from you and me, and give it to their political friends,
whether those friends are government unions or government rent
seekers.
The fact is that rule number one in any decision about taxes is
that RAISING TAXES IS ALWAYS WRONG, no matter when, no
matter how, no matter who pays them, no matter what the alleged
program that is supposed to benefit from the tax.Since it is
always wrong, anyone who decides to… Read More