Some people believe that when the government raises taxes, the government actually takes in more money. That is not the way it happens. When the government lowers the tax rate, it takes in more money, than when it raises the tax rate. Why is this so? Because more taxpayers enter the market when the tax rate is low. Conversely more taxpayers leave the market via "tax shelter" accounts and offshore accounts whenever the tax rate is raised. Whenever the tax rate is lowered, people pull their money out of such shelters and use it in the free market. Believe it or not a Democrat president understood this a few decades ago; his name was John F. Kennedy.
If only his party today would understand Capitalism's Truths as well as he did!
Learning about capitalism, in an engaging fun way; explained by a fun engaging young man trying to educate folks in a way they would like to learn. And enjoying every minute of being a part of the "new media"
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Capitalism isn't the reason a coke bottle costs $3 today. Capitalism is the reason a coke bottle cost only 5 cents in the old days. G...
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Capitalism isn't just about making money. It's also about competition. When lots of people are trying to sell the same thing, the...