Hes a fiscal conservative. I like that. Less regulation means more company growth. Which in turn creates jobs. Taxing the rich even more doesnt do anything because they can still afford to take advantage of loopholes. Plus what kind of message does that send? That success is punished? We should not be vilifying the rich just for being rich. Taxing them will not solve the debt problem as Obama seems to think. To solve the debt problem we need to take in more than we spend. The fact that Obama increased the debt by trillions in one term, and yet still thinks that the solution to the debt problem is more taxation is foolish and incredibly naive. I have to wonder who is giving economic advice to him.
So lets say Obama wins, and increases the tax rates on the rich even more. What happens when their money dries up? Im fairly certain that the rich people in this country do not have $16 trillion to solve the debt problem.
And about Romney's comment about the poor- so what? There are charities and other programs in place that assist them. Welfare is a massive sinkhole for federal spending. Ive seen many people who are on welfare using iPods and other fancy electronics. For a while I volunteered regularly at a soup kitchen. I would often see people who we served on smartphones after they took their food. If they were really that poor, why do they have those things? Granted, poverty is still an issue and Im not saying that we should ignore the poor, but it cannot be a concern of the Feds.
Bookmarks