10-17 Politically Incorrect Daily

Political Memes and Funny Pictures

Random Thought of the Day

Joe Biden, like all Democrats, claims he’s not going to raise taxes except on the “rich”. Then, they proceed to tax items that inevitably hit the lower/middle classes one way or the other. For example, a tax hike on capital gains & dividends will cause stocks to plummet, hurting anyone with a pension or retirement account. Increases in corporate taxes are simply passed on to consumers in higher prices, not to mention the negative effects on the economy such as companies fleeing to lower-tax countries (along with their jobs). Then, of course, there’s the “sin” taxes – alcohol, gas, pot, tobacco, etc. that aren’t by any means restricted to the rich. We already have trillions in annual deficits, and the Democrat spending proposals will add trillions more. It’s simply not feasible to tax only the wealthy to pay for it. Even if the rich didn’t have the best lawyers & accountants to avoid taxes, even if you took 100% of the income from the top 1 percent, you wouldn’t come even close to covering the spending.