Freedom 
Keys
a collection of amusing, 
fascinating, insightful, or 
maybe even useful information

On the "Morality" of Tax Cuts

Well, it seems a lot of shallow-thinking do-gooders, even those who rightfully despise slavery, are dead-set against allowing people to decide what they want to do with their income. They're adamant that it should be taxed according to guidelines set by others.  They're too damn dim to see that they're therefore setting themselves up to fight against people's rights to do with the fruits of their labors as they think best.  But whether a person CAN exercise this right or not is THE distinct difference between whether one is a slave or not.

Besides, INCOME taxes punish those who are STILL TRYING TO BECOME WEALTHY (and the vast majority of all sane Americans consider themselves in THAT category), and such taxes tend to keep them from doing so.  Again, they're NOT taxes on the wealthy; they're taxes on those who TRY to be wealthy and to set their families up for a secure financial future.
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"Properly constructed, [tax cuts] result in more jobs, more savings and more income." HERE
Find: "The Gettysburg Address runs about 270 words. The Declaration of Independence has 1,337 words. The Holy Bible runs about 773,000 words. But our income tax code runs about 7 million words and is still growing."
and other statsHERE and HERE
An example of how tax cuts incent and reward extra work and more productivity.
See:  "NO MORE POLLS ABOUT TAX CUTS!"  HERE
The top 1 percent of taxpayers actually pay over 37 percent of all income taxes! 
[even though they earn only 17 percent of all individuals' income!]
See: "Those for whom indignation is a way of life often inform us of the fact that families or households in the top 10 or 20 percent in income make far more money than people in the bottom 10 or 20 percent in income. What they almost never inform us of are how much money they are talking about and how many people in these different brackets actually work. ... These omissions are neither incidental nor accidental. If the full facts were brought out, those facts would completely undermine the picture presented by the envy zealots..."-- Thomas Sowell  HERE.
Now see what that 'Gap Between Rich & Poor' really means HERE
TAX  MYTHS  OF  '86
This very short story shows how the "Progressive" Income Tax REALLY  Works
Find a good explanation of all this unchallenged "tax fairness" arrogance HERE.
Stop it!!! Demanding more consumer spending to stimulate the economy is ALREADY-DISCREDITED demand-side nonsense.  Incenting more investment in  productivity, which means, factories, hardware, software, employers, employees and training is the ALREADY-PROVEN supply-side answer, and even savings account managers do THAT with the money they're in charge of.  HELLOOOOOOOO??!!!!
"The point of cutting taxes on dividends is not -- repeat, not -- to get dividend recipients to spend more money, if and when they receive those dividends somewhere down the road. The point is to get them to invest right now, creating jobs right now, so that employment will go up and real output will rise." -- Dr. Thomas Sowell, HERE
WAAAIT A MINUTE!  There's a BETTER way to eliminate the double- taxation of dividends:  eliminate business income taxes first!  They've ALWAYS been passed along to consumers in higher prices, investors in lower asset values and employees in lower wages anyway! Every last penny of them.  And the conniving tax freaks know that.
"Elected leaders tend to believe they are responsible for a lot more than they really are.  Like the little boy on his first plane trip 'helping' the plane by flapping his arms as the Boeing 747 begins to ascend, legislators often seem to believe that somehow they run the economy and solve lots of problems. ...The individual legislator must remember that the elixir for all that ills is economic growth.  And economic growth is spurred by low taxes, limited regulation, equitable justice, and the ability to raise capital." -- Curt Leonard
Guess what?  The right to the pursuit of happiness MEANS the right to be selfish.  Find a reminder HERE.
A survey released by U.S. Trust in 1993 showed only 10% of the wealthy inherited their money.  The rest EARNED it.  Join them!
So who the heck set YOU up as an authority on what's "SELFISH", and on what to do about it?
Check out Questions #3 and #4 on THIS page -- and click on the answers there.
Find fiery, passionate defenses of the morality of property rights HERE.
A fiscal policy analyst answered FAQs about the 2003 tax cuts HERE.
Find the Story of One of the Wealthiest Ten Percenters HERE.
Find out how "estate taxes" kill family businesses HERE.
Find a Defense of the Wealthiest One Percent HERE.
Again, about that "gap between rich and poor..."
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Some high-profile intellectuals such as Noam Chomsky believe the strict application of property rights is so rigid as to be autocratic. Does that mean they think a person should not be the sole owner of himself, his labors, and the fruits thereof?  Or that they think property rights should be "flexible" enough to allow being re-defined as nothing more than permissions granted and modified by an absolute authority of their choosing (and ahem, BY WHAT RIGHT,?) and (WHAT could be more autocratic than THAT?) ?
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"In matters of principle, stand like a rock."
-- Thomas Jefferson

On the Practicality of Tax Cuts

"The point of cutting taxes on dividends is not -- repeat, not -- to get dividend recipients to spend more money, if and when they receive those dividends somewhere down the road. The point is to get them to invest right now, creating jobs right now, so that employment will go up and real output will rise." -- Thomas Sowell, HERE
"Voting for higher taxes on your employer, or on anyone who might ever hire you or (especially!) your kids, or on anyone you'd like to buy products from, is like burning your bridges AHEAD of you. Where do you think jobs COME from in the first place, huh?  And didn't you know companies pass along ALL costs, including taxes, onto their customers if they want to stay afloat? And what if you, your kids or your grandkids want to get rich, huh?   Helloooooho?
"You can't be short-sighted, you have to think LONG-TERM." -- Rick Gaber
Please! No more "VWI" !! (Voting While Ignorant)
A very short story showing how the "progressive" Income Tax System REALLY works

"Tax programs that are to provide the revenue for transfer payments and social services actually are aggravating the plight of the poor.  After all, taxes like the corporate income tax, the estate tax, and many other business taxes imposed on the rich are taxes on economic production. They consume the very capital which creates jobs through investments, improves production and working conditions, and thereby raises wage rates. To advocate higher taxes on the rich, most of whom are highly productive businessmen and investors, is to expropriate the very means of capital investment that afford jobs and better living conditions for the poor. It is in the vital interest of the poor that there be wealthy promoters and investors who do not consume all their income. If allowed to, this group may build factories and stores, shops and other business establishments, all of which provide jobs and income. This is why, contrary to popular belief, progressive death duties do not diminish economic inequality; they are powerful instruments for creating it."
-- Hans F. Sennholz, Death and Taxes, (1976), 1982, p. 37.


Find a summary of income tax data HERE.   Note the column entitled, "Group's share of total taxes."
"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."-- Winston Churchill

"The hardest thing in the world to understand is the income tax." -- Albert Einstein

"Taxation of earnings from labor is on a par with forced labor. Seizing the results of someone's labor is equivalent to seizing hours from him and directing him to carry on various activities." -- Robert Nozick

"I would like to electrocute everyone who uses the word 'fair' in connection with income tax policies." -- William F. Buckley Jr.

"Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." -- Justice Learned Hand
 


"I'm for a flat tax -- as long as the flat rate is zero. The object is to get rid of big government, not find a new way of financing it." -- Harry Browne

Check out The Fair Tax HERE
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