Blue Collar Muse

Taxes … if we are smart, we hate them. They should be rare and low. They should collect just enough to do what the government is mandated to do by the Constitution and nothing more.

The Left loves taxes, especially tax increases. The Right used to love tax cuts and hated tax increases. Unfortunately, today’s Right seems to be drifting farther and farther Left. They’re spending the people’s money like drunken sailors. And the cry from Washington, D.C. is for more, more, more … More bridges to nowhere, more money for prescription drugs, more money for entitlements …

Should someone suggest cutting taxes or reducing the amount of money the Feds are entrusted with, they are pilloried as heartless and cruel. They are accused of wanting children to die of starvation and wanting parents to have to steal to feed their kids and a host of other nonsense. The truth is far, far different.

Because the key to prosperity for a nation and for a government doesn’t lie in raising taxes. The secret is cutting taxes. Lower taxes breeds massive prosperity for the people who actually generate tax income. This, in turn, results in those people paying more in taxes. Despite the Liberals and their love for taxes continually crying, “Pay no attention to that man behind the curtain!”, the truth of that premise cannot be denied. It works every time it’s tried.

It worked in New Zealand and it worked in the former Soviet Union. It worked in the 1960s and it worked in the 1980s. It worked for John F. Kennedy and it worked for Ronald Reagan. The problem with these tax cuts and the subsequent increases in revenue to the US government was not that the government’s income didn’t go up substantially. It did. The problem was that there was no discipline on the part of the people who had it to spend and so they squandered the windfalls.

Now there’s a new example of the truth of lower taxes leading to general prosperity for a nation. Tiny Liechtenstein, set in the economic quagmire that is Old Europe, is quietly prospering while better known countries find themselves mired in economic straits brought on by their embrace of Socialism. Read about it here …

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