Abolish The Income Tax, And Watch The Economic BOOMSubmitted by zooamerica on Fri, 08/17/2012 - 21:06
What do you think would happen if the average American worker had an extra $10-20,000 more income to spend every year, instead of the government spending that money for them?
They would buy new siding for their house. Buy a new car. A new health insurance policy. Take a vacation instead of a staycation. People would spend the money right back into the economy.
New furniture, new refrigerator, new stove, new equipment for the small business owner, etc...all that spending would produce a lot of sales tax revenue for the states.
With the extra cash flow for everyone, businesses would be able to afford to hire more employees.
So why don't we go back to what worked so well before for America?
The United States became so rich, so powerful, and so wealthy in the early 1900's because people were free to keep the fruits of their labor. America was beyond prosperous. We were FREE. Then came WWI and WW2, Korea, Vietnam, The Persian Gulf, Afghanistan, Iraq, Libya, and God knows where else bombs are being dropped by Uncle Sugarbucks.
Now the states, and federal government take half of every dollar you make and we have a president with communist roots.
That is not what I call freedom...seems more like government bondage, which inevitably causes arrested economic development.