Life, Liberty, and… Certainties?
Benjamin Franklin once said, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain but death and taxes.” As far as I know, no one has ever seen fit to disagree with that statement.
I think it was Will Rogers who said, “The only difference between death and taxes is that death doesn’t get worse every time we elect a Democrat.” Amen, Brother Will.
The Congress recently passed sweeping tax reform, on a massive scale, and President Trump wasted no time in signing it into law. Much to the dismay, anger, chagrin, and shock of lots of people, including the anchors of several liberal media outlets, including MSNBC.
In a predictable ironic twist, Comcast, which owns MSNBC, announced a $1000 bonus to almost 200K employees, including the news anchors who protested the tax bill and the economic incentives contained therein. I’m interested to see what, exactly, these economic doomsayers plan to do with the money once they get their hands on it.
Other corporations, including various media outlets, have followed suit. Wells Fargo has announced a minimum wage of $15 an hour.
Apparently, judging from the news stories I’ve seen, some hard-core liberals are so ‘anti-President Trump’ that they can’t deal with the prospect of economic prosperity. Believe it or not, I’ve had conversations with some of these individuals before.
“People don’t pay enough in taxes. People should pay their fair share.”
“Well, the top 50% of the wage earners in the United States pay 97% of the taxes. How much more do you think they should have to pay?”
That’s a major problem with the Socialist political model. It’s impossible to pay more than 100% of the tax burden.
“Well, they should pay more,” I am told.
At this point I usually ask the question, “Well, when you file your taxes, do you take the standard deduction or do you itemize?”
“I itemize, of course.”
“Well, if you think people should pay more in taxes, you should lead by example. Take the standard deduction and you can pay more, and that way you can inspire your friends.”
“No, you don’t understand.”
Oh, I understand completely, all right. It’s normally at this point in the discussion where communication begins to break down and said liberal wants to discuss my ancestry. Tsk, tsk.
Another thing I’ve heard touted is that the new tax plan will benefit the rich and not benefit the poor. Well, that’s true. If you don’t pay income tax, a tax cut doesn’t put any extra money in your pocket.
However, that’s not to say that the ‘poor’ won’t benefit.
For starters, the people who do pay taxes also make charitable contributions, so with more money in their pocket, those contributions will probably increase. Face it, Americans ain’t much on putting money in the bank for a rainy day.
The new tax plan will create jobs, so that some of these ‘poor’ people that don’t have work will now have that opportunity. One Chinese tire company has already announced plans to build a plant in the United States.
Yeah, and those same people who hate the tax plan said President Trump’s tariff program wouldn’t work, either.
Ya’ll have a Happy New Year!