Income Taxes Who Should Pay The Most?

Income Taxes Who Should Pay The Most?

When corporations get legislation for profit passed are you aware that they have placed a tax on you on top of what the government collects? Can you find a bill that doesn’t serve that purpose?

What do lobbyists do? They lobby in order to increase government spending. Lobbyists are hired by the richest people in the world. You might ask, “why would the rich want the government to spend more money?” Are not the rich the ones who pay for all of it?  For sure rich people don’t do things that don’t make sense. If they did, how would they wouldn’t have gotten rich?

Is there any possibility the rich make money on the way government spends money? To answer no to that question requires willful ignorance. What if the rich profited from all of the new government spending their lobbyists generated? If they didn’t, there would be no point in doing it.  Certainly they have the money and power to convince congress to cut spending if that would work out best for them. The rich could make government small if they wanted it that way.

I ask you. What makes more sense than levying the highest taxes on the only folks who benefit from the growth of government? Suppose the cost of government, to the rich, got so high that they they would come out ahead hiring lobbyists to try and get government to cut spending?

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

 

Fantasy Free Economics recommends the following blogs.

Woodpiler Report

Of Two Minds

Liberty Blitzkrieg

Mises Institute

Straight Line Logic

Paul Craig Roberts

 

 

 

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.