Pop quiz: If the US re-elects the resident Socialist-in-Chief, what happens to the country? Given his excitement for taxing people, let's look at recent examples, such as California, where people are leaving the state due to overwhelming bureaucracy and taxation. Or how about high tax New York, where millions of people have left the state in the last decade? France? Well, it wants to tax its people at 75%. The result? They want to leave the country with their taxable income. I ask: what does the government do to earn three-quarters of a person's income? No one can answer that with any credibility. It is wisdom to run from thieves. Only the stupid remain in place when there is time to leave the scene. So as a thought experiment, what happens to government when it doesn't have the tax revenue to sustain its promises? Where do the poor and middle class get the money to start companies and create jobs for others? How long do non-profits exist when there is no one with enough disposable income to donate? Think that through... |