Let's imagine all the members of S-web in a room. Let's say there are 1000 of us just to keep things in round numbers. ( I know. It's a big room.) 500 of us each lend $100 to the other 500.
Who thinks the total amount of money in the room has increased ?
The borrowers have to each pay $20 of their $100 borrowed dollars in taxes.
Who thinks total tax revenues have gone up ?
That's Obama's stimulus package in a nutshell. It's nothing more than money borrowed from one person and given to another. And the "hand-outs" get taxed.
Contrast that with: We ALL go into the room with our own money to pay our taxes. The amounts vary depending on our incomes. When we get there, 400 of us are told to keep our money and go home. 500 of us are told to pay half what we paid last year and 100 of us are told to pay 2/3 of what they paid last year. Who thinks there won't be more money available to save, spend or invest ?



Reply With Quote




Bookmarks