Updated: Dec 14, 2022
"No matter what anyone may say about making the rich and the corporations pay the taxes, in the end they come out of the people who toil. It is your fellow workers who are ordered to work for the Government, every time an appropriation bill is passed. The people pay the expense of government, often many times over, in the increased cost of living. I want taxes to be less, that the people may have more." ~ Calvin Coolidge
With endless trillion-dollar spending schemes in mind, the President and Congress will have their minions out trolling for popular support for increased taxes on the rich and their corporations and we would all do well to heed the words of our 30th President. Corporations and the richest of the rich do not pay taxes they pass them along to their customers, tenants, and trading partners resulting in a higher cost of living.
When the dubious pipeline incident occurred recently did you notice how the companies involved took the hit? Oh, so you didn’t go fill up your tank, just in case.
A lot of folks I know like to complain about price gouging by Big Pharma, but they say nothing about it as long as Medicare, Medicaid, or their insurance is footing the bill. They only become concerned when the money comes directly from their pocket. Where do Medicare and the others get the money to pay for drugs—from you!
It is well past the time when the people in this country need to be concerned about the real costs of “free” healthcare, government subsidies, student loan forgiveness, and unlimited immigration of non-taxpaying dependents. Cities like Detroit, Baltimore, and Los Angeles are not anomalies—they are the destination for the entire country.
If the government were truly to cut spending, it would financially impact almost every American and it would hurt. No one would be happy about it. But I wonder who is going to be dancing in the street when it collapses. Our debt payments alone are larger than the entire gross production of the economy.
It is a problem that I believe can be solved, but not by ignoring it or making it worse by foolishly adding to it in the name of taxing the rich.
I’m unsure how many of you have fasted on purpose. Contrary to what the supermarket tells you, it’s a healthy thing to do. Yes, you get hungry, your stomach might complain, you might get a headache—but you live through it and feel better in the long run. Reducing government spending would be like that. It would be uncomfortable, to say the least, but good it the long run. You want to do something for the “good of all” join the fight against big government before it kills us.