Today in his article Cal Thomas takes on the issue of the economy's speedy recovery. Yep the economy is recovering. Those of you who are working at McDonalds today and worked at a nice job two years ago; the economy is recovering speedily. Those of you who can't find work; the economy is recovering speedily. This will console you, realizing that for many the economy has recovered.
Anyway then Thomas goes on to make this statement. "Under Lieberman's plan, the top tax rate would increase 5 percentage points to 43.6 percent. This would send many wealthy (and some who just want to be wealthy, but aren't there yet) back to their tax shelters from which they are only now beginning to emerge. These shelters, along with a reluctance to sell stocks when they are high because of previously large capital gains taxes (also lowered under the Bush administration and Republican Congress), would again deprive government of revenue."
What's funny about this is that conservatives are always telling us that environment plays no roll in crime. If a crime is committed it is because of the poor moral fiber of the criminal, not because of any need for money to eat or a desire for drugs to ease the pain of daily life. Nope.
But these unpatriotic selfish bastards who put their own profit ahead of America are doing it strictly because of environment. If they didn't have to pay such high taxes, they would be happy to pay their taxes. In other words, one of these guys, who's already got his money in an off shore tax dodge is going to say, "Hey, you know, now that only have to give up 38.6 % of my money as opposed to 43.6%, I'm willing to be a patriotic American and pay my taxes.
So I am going to write Cal Thomas a letter and ask him if he as any proof that a) people are putting money back in the US from tax dodges and b) they would put that money back off shore if their taxes were raised. We'll see what kind of response I get.
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