Why are Democrats opposed to people keeping more of their money? When Democrats had control of both houses and the presidency between 2008 – 2010, they did nothing to address off-shore tax havens. The party did nothing to overhaul the burdensome tax code. Nor did the party address companies hiding their money in other countries.
What did democrats do? They passed the so called affordable health care act that put more taxes on people.
Why is that? If Democrats refuse to address taxes, why are they opposed to the GOP tax reform?
Let’s say the wealthy keep more of their money, so what? Who do you think builds their mansions, their clothes, ships the stuff they buy… etc? The wealthy provide jobs to the working class in one way or another. Take a look at Mike Tyson and MC Hammer. They burned though millions. That money was put back into the economy.
The real problem with the tax bill, democrats are losing ground on their tax and spend policies. Eventually, democrats run out of money. Just look at Detroit, the city is in ruins under decades of tax and spend policies. If taxes go down, government programs must also go down. Then again, the government can continue to print money out of thin air like it has done for the past 100 years. Need money to bail out the banks in 2008? Just print more money.
States face a problem that they can not print money like the federal government. Once states reach a certain level of taxation, the people can not be taxed anymore. Then what happens? Socialist democrats want more programs, but there is no more money. Detroit and California are facing grave problems with unfunded debt, such as public servant retirement plans. People can not be taxed anymore, so something has to give.
Then along comes the GOP with a tax bill that would cut taxes. What are socialist democrats supposed to do? The government will be taking in less money, so something has to be cut.
Rather than cutting public services, how about cutting foreign aid?
Poor, well off, or rich, people should keep their money. Democrat tax and spend policies simply do not work. Leave the money in the pockets of the people and let them spend it as they want. This encourages and enables the free market.
Why do democrats oppose tax reform?
Because they think:
- They are entitled to your money.
- They can spend it better than you.
The honest truth is, if someone works for their money, they should keep it and spend it as they want.
We have to have faith that President Trump will do whats best for the nation.