Tuesday, February 22, 2011

Sen. Keith Faber speaks about Senate Bill 5 on Fox News

5 comments:

  1. I posted a comment here yesterday and it did not appear. I can only assume that it was not a popular position with the editor, since I told the truth about how taxing the wealthy actually creates jobs. It is quite logical that this is so, as when tax cuts are given to the rich, they do not result in jobs, but in extra toys and padded bank accounts. When taxes are raised, then the money is used on the business and extra hiring because wages and improvements are deductible items that lowers the tax bill paid. Therefore, the senator has his facts backward in this interview.

    ReplyDelete
  2. Actually, I think you posted that comment in the article above about maple syrup.

    ReplyDelete
  3. Ken, you might want to look for your post under "How to tap a Maple Tree" in the above story... so you can't blame the editor.

    If I understand your statement above & also on how to tap a maple tree... you believe raise taxes and it will create more jobs… So using your "logic", raise the price on a loaf of bread, and more would be sold... or as they are raising the cost of gasoline, the oil companies will now sell more gallons…

    ReplyDelete
  4. @ Vote smart ... No, you did not listen closely. Wages paid to employees are deductible as business expenses, as are capital improvements and upkeep and expansion. They do not come out of 'taxed' money, but are kept and used to expand and maintain. When taxes are raised, employers tend to spend even more money on the business instead of discretionary spending simply because they do not have to pay tax on it. The conservative position that taxes cost jobs are not realistic -- they do they opposite. If they did, we would have had excess jobs fort the last ten years. Why the conservatives believe TAXING the multi-millionaires cost jobs? Evidently, they want to be multi-millionaires themselves -- though most will never be. Another reason might be that they believe that every person has the right to make as much money as they possible can without the government taking it. I believe in the right to earn more than you need as well, but it is evident that governments need to raise money for the benefit of the common good. The people least effected by this taxation has always been the most wealthy among us. They should take it as a patriotic duty to give back to the nation and the public what providence and gifted skills has allowed then to accumulate. Many very wealthy people today do just that. Bill Gates, for example.

    ReplyDelete
  5. I am no multi-millionaire by any stretch of the imagination; however I have run my own small business since 1974. I have had 1 employee up to a maximum of 171 employees over those years, currently I have 3 due to the economy. I disagree with your statement totally.

    ReplyDelete

Featured Posts

/* Track outbound links in Google Analytics */