Tax Cuts Are Good For Everyone

For some reason there is a movement out there of people that are opposed to tax cuts. I believe they make up a small minority, but they tend us up a lot of air time with their ignorant ideas. They believe that the rich need to pay their fair share, however that is determined. I think they lack a basic understanding of economics.

Do Tax Cuts Benefit The Rich?

Yes of course, but we're talking about people that own businesses and create jobs here. When rich people are allowed to have more of their money, they use it to make more money. The process of making more money, means they have to invest it. This process of investing, creates news jobs. We'll have the next revolutionary product out there and it will be financed by such a person. It will grow and create jobs. It will be sold to the consumers and raise their standard of living. I think that is a significant benefit to everyone in society.

Don't tax cuts for the rich hurt the middle class?

Absolutely not. I'm not sure where these myths come from, but I suspect it comes from this idea that there is only so much wealth that exists and the rich will have more of it. It's completely untrue. The middle class has a great benefit. The first is that they have access to all these new exciting products. These products are bought for one reason and one reason only, to improve their standard of living. It could be a product that makes them happy, it could be a product that makes life easier. The point is that it improves their standard of living. The next reason is that these new jobs are available to them. Not to mention existing businesses are left with profit themselves, so they can pay more to their employees. Lastly, the middle class pay less tax as well. Anytime you finish off a month and you have more money to spend than you did the previous month, you're doing better. This means you have extra money to buy something or save to improve your standard of living.

I think it is an undisputed fact that tax cuts are in the best interest of everyone. The only people that disagree with tax cuts are usually ignorant people that don't understand basic economics. I also feel that they don't speak for the vast majority of people that hate to see a huge chunk of their pay check disappear to the government.

For more information on the greatness of capitalism and individual freedom, check out Capitalist Shrugged.