A little boy at a wedding looks at his mom and says, “Mommy, why does the girl wear white?”
His mom replies, “The bride is in white because she’s happy and this is the happiest day of her life.”
The boy thinks about this, and then says, “Well then, why is the boy wearing black?”

Happy April Fool’s Day!

By taking more of one’s income the effect will be dissuading work and inhibiting new productivity, which leads to lower collected taxes. The problem gets worse. This is because and every study on economic policy points to this, behaviors change. Raise the tax and we stop buying that particular item or service. Thus less tax revenue is collected. Economics and monetary policy is not a static discipline. Short term thought is not the solution for a long term problem.

Taxation is the Governments way of taking what would be productive money, that which can be used to purchase goods and services or creating innovation, and in turn spending that money in un-productivity ways. Doesn’t seem like an effective method for stimulating the economy or filling the gaps in a budget.

How do you then create additional tax revenue? By lowering the marginal tax rates, so that at every level of income the proportion remaining would be in the hands of workers and producers would be larger. The net effect is the cost of making additional work or increases in overall productivity, and investing would fall. We would be making the dollar more productive. In essences getting more value from each dollar.

As we increase the productivity of that dollar spent the economy expands, and thus the tax base and revenues to the state. In other words, by having policies that increase the velocity of the dollar being spent and knowing that there is a tax paid every time that same dollar changes hands, we expand the economy and increase exponentially the revenue coming into the state.

There are two possible tax rates that will generate the same level of government revenue. If taxes are zero, the state revenue is zero and the people retain 100 percent of the income. If the tax rate is 100 percent the productive people will have no motivation to work and thus the states revenue is still zero. My point? We are on the wrong side of this equation. And it is not even close.

The economy and the business cycle are more pure and predictable with less government intervention, not more. Now is not the time, nor is there any time that more taxes is the right strategy. Let’s not be sucked into the scam that more taxes mean a larger bank account for the state. Not so.

I hope you find this letter written in a cooperative tone and that it delivers what you and other conservatives should be promoting and fighting for. No New Taxes.

I remember being very disgusted when Height’s principal stated that on Wednesdays, all of the kids actually had to be in school all day. I guess the other four days of the week they were too busy doing extra-curricular junk.

I am also disgusted that my son remembers Darwin’s theory from a Sociology class, not from Biology class. In their defense, this was during the lawsuit period.

I am further disgusted that the browser’s spell checker doesn’t allow for a possessive form of the term children.

Mike

http://wichitaliberty.org/feed/

The link for it is buried way down in my sidebar. My apologies.

Mike