Topic: Election 2008
Neither Are Magic Men Are you prepared to cast your vote for either of the two major candidates ready to give us the cures we need? Are you prepared to fall victim to the magic spells they weave? I don't believe you are!by Gary Wood
(conservative libertarian)
Tuesday, October 21, 2008
In John Stossels 20/20 programaired this past week on ABC News he talks about 'Magic Man' regarding our Presidential candidates and Presidents past and present. We hear Obama tell us how he will not tax 95% of us while he will make those corporations who skirt their responsibilty pay. However, we know when you tax coroporations they don't pay, it's a cost of doing business and it is passed on to the consumer. Who is that? The poor Obama claims to be not taxing!
McCain says he's going to do wonders for taking care of the people by taxing properly the people and keeping taxes low for all. However, in keeping our taxes low, not taxing the corporations, and sparing us the undo burden of taxation while still funding all necessary programs he simply means he's going to have to spend in the deficit. When our government avoids taxing the people but forgets to reduce the size of government we raise the debt and pay for it throught the creation of money under our current fiat currency. Well, we know when you raise debt and print more money it is the poor and middle classes who get taken by the inflation tax. Inflation taxation reaches us in the devaluation of our dollars simply because when you create more of something the sources we hold are worth less.
Thanks so very much Obama and McCain, we appreciate the way you both artfully promise to actually continue the current destruction of the hope of those of us in the middle and lower earning rungs while the rich, under BOTH of your plans get richer. Your oligarchy grows and we suffer. Yet, people flock to both of your rhetoric with some false hope you really do care. Even if you did we the people know YOU can't do anything you promise regarding taxation since it is our legislative branch that controls the tax strings.
We know you aren't magic men! We know our Congress doesn't care about fixing the problems or they would have years ago. There are 545 of you running this country and we are growing increasingly aware that none of you truly care to solve the challenges we face. In fact, you create them and then run campaigns promising to fix the problems you create. It is like an arsonist who sets a wildfire and then shows up with a single fire truck promising to put it out...if we only will pay them a small fee.
We are no longer being fooled. Your magic act is being revealed, we know the trick. More and more Congressional members will be voted out by 2010 and 2012. Income taxation must be ended, the size of government must be brought within U.S. Constitutional limits and 2008 will stand as your last act of prestidigitation.
The views expressed in this
article are those of Gary Wood only and do not represent
the views of Nolan Chart, LLC or its affiliates. Gary Wood is
solely responsible for the contents of this article and is not an
employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.
Posted By: Walt Thiessen
Date: 2008-10-21 04:29:37
An awful lot of people are pushing the argument these days that corporations only pass tax increases along to their customers in the form of higher prices. This argument really needs to be stopped. Corporations cannot simply increase prices and expect their products to clear the market simply because they want them to. Competition prevents it.
You have a good point that if competition is so tight there's no room to pass the additional costs to the bottom line they won't be able to and stay competitive. The over simplification of taxes being passed on may well be used too much since there are many other aspects that higher taxation on companies create.
If the market cannot stand price increases what other ripple effects are likely to occur? Is it your premise higher costs can simply be absorbed by lowering profits? Does the lower profit margins have any other impact beyond having less money to reinvest in the business? It does become a complex study yet in the end ever increasing corporate taxation does impact consumers and labor.
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