Thursday, August 04, 2005
The reality of taxes,
Why do Capitalists like myself preach against heavy taxation? Because taxation destroys a person's incentive to create. The more you tax a person, the less incentive that person has to create anything. Therefore people create less wealth, less jobs, and less products that people want. When that happens the standard of living for everyone is kept from growing. Tax cuts and tax increases will affect everyone; tax cuts help everyone, and tax increases hurt everyone.