In 6 lies the GOPTea Party wants you to believe, Dan Casey “explains” the six lies the GOPTea Party supposedly wants us to believe. The only problem with these “lies” is that Casey never explains what is wrong with these “lies.”
1. Tax cuts for the rich trickle down to everyone else.
What tax cuts is Casey talking? Instead of providing proof or even explaining himself, Casey just offers anecdotal evidence. So he hates Reagan and Bush. 🙄 And that proves?
When government increases the marginal Federal Income Tax rate on the “rich,” who pays this tax? The rich? No. The rich earn most of their income from capital gains. Small businesses and professionals pay these taxes.
Increasing the capital gains tax, however, is no panacea. The rich can afford tax lawyers and accountants. They can buy tax breaks. Tax them enough, and they will move their money out of the country, and they will not bring it back. Check with Apple Corporation, for example (Apple Avoided Taxes on Overseas Billions, Senate Panel Finds and Calculating Apple’s True U.S. Tax Rate). That has happened. How does forcing the rich to squirrel their wealth away help anyone?
2. Higher taxes on the rich would hurt the economy and slow job growth.
If Casey had any idea what he was talking about, he would realize “lie” number 2 is a restatement of “lie” number 1. Raising taxes is basically just the opposite of lowering taxes, and the same arguments apply.
When government takes more of our money, it does not necessarily invest it. Government just keeps us from investing or spending it. So the real issue is not whether higher taxes on the rich hurts the economy or job growth. The real issue is whether government needs the money to protect our rights. Does government exist to screw the rich or to protect everyone’s rights?
3. Shrinking government generates more jobs.
I discussed this nonsense over here with a commenter named Jimbo. Casey’s argument for higher tax rates is even more preposterous. If we can raise the tax rate to 91 percent, why don’t we just go all the way tax the private sector 100 percent? Then we can all have government jobs. What a Utopia that will be!
4. Medicare and Medicaid are the major drivers of budget deficits.
Think about what Casey want us to believe. He wants higher taxes. He wants bigger government. He wants us to believe government will bring costs under control. Well, Casey is right. If government taxes enough of our income and owns everything, government will bring costs under control. That’s because our leaders will be spending their own money. We won’t have any.
5. Social Security is a Ponzi scheme.
Socialist Democrats hate the comparison between Social Security and a Ponzi Scheme, but mathematically Social Security is a Ponsi Scheme. In WHEN WILL WE ADMIT WE HAVE BEEN ROBBED?, I discuss Social Security as one of the Big Frauds. Here is an excerpt.
In a futile attempt to rebut the comparison, the Social Security Administration (SSA) even provides the following web page, Ponzi Schemes vs. Social Security (That web page is gone now 😀 ) . What the SSA argues is that their Ponzi scheme is a “pay-as-you-go” system. However, a ”pay-as-you-go” system is just a particular type of Ponzi scheme. Ordinarily, the participants in a Ponzi scheme expect to make some money, that is, a profit on their investment, but SSA claims that Social Security has a redeeming feature. When they become beneficiaries, the best their investors can expect is that they might get their money back — if they don’t die first.
6. It’s unfair that lower-income Americans don’t pay income tax.
Socialists and Communists divide and conquer by pitting us against each other. Look at Casey’s post. Isn’t that what it is about? Hate the GOPTea Party! Hate the rich! Feel sorry for the workers and the poor. They — we — are being exploited. Nonsense! It’s the Socialist Democrats doing all the exploitation. Doesn’t government get more of our money than the rich?
Payroll taxes were set up by the Socialist Democrats to exploit the poor and workers, and those taxes are as regressive as they could make them. Why? Supposedly, these taxes are suppose to provide a minimal retirement program for low income workers who had to be forced to save. In fact, when the Socialist Democrats originally foisted Social Security on us, they said the payroll tax was not a tax. However, in order to pass constitutional muster, the same administration (FDR) told the Supreme Court that the Social Security Payroll Tax is a tax. Sound familiar? That’s the same kind of crap-excuse-LIE that the Supreme Court used to call Obamacare constitutional.