http://kudlow.nationalreview.com/post/?q=NjU0MWQ0OWQ3OTI2OTgzMmUwMGM2NTUxMGRhMDcyYzY=
Wednesday, February 03, 2010
$2 Trillion in Tax Hikes Is Good for the Economy?
Larry Kudlow
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Why not put more money into private pockets to spur growth — the free-market capitalist way? Why slam businesses, banks, and hedge funds to the tune of nearly $500 billion?
Once again, it takes liquidity from the private sector, reduces economic growth and the incentive effect, and gives money to the government.
Here’s the key point. All of these fat-cat, class-warfare, soak-the-(alleged)-rich tax-hike proposals actually reduce investment and capital formation so much so that jobs and wages will ultimately falter on Main Street. That’s what Team Obama is missing.
Taxing businesses and so-called “rich” people hurts ordinary working folks. That’s a fact. And that’s why this is a misbegotten policy. We’re not talking class warfare here; we’re talking growth. My way is the growth way. So far, the Team Obama way is a social policy on the left that has nothing to do with spurring jobs and economic growth.
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Can’t drum it in to economic illiterates.
- Companies don’t pay taxes; only real people do.
- The government spends OUR money; it doesn’t EARN any. It does NOT create wealth.
- A dollar taken by the gooferment is not available for other productive uses.
- A dollar is not a store of value when the gooferment runs the printing press.
- The political process is corrupt. It’s not a democracy; nor is it “representative”!
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