The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for November 5th, 2008

CELEBRATE: Evil “Rich” Domestic Businesses Will Have to Pay Now! – …or will they?

Posted by iusbvision on November 5, 2008

Who pays the business tax anyway? We do! You can’t tax business. Business doesn’t pay taxes. It collects taxes. And if they can’t be passed on to the customer in the price of the product as a cost of operation, business goes out of business. Now what they’re going to do is make it easier for demagogic politicians-and you’ve got plenty of them in the state legislature-to say to the people, look, we need money for this worthwhile project but we’re not going to tax you, we’re going to tax business, now that we can do it by a one vote margin. So they’ll tax business and the price of the product will go up and the people will blame the storekeeper for the rise in the price of the product, not recognizing that all he’s doing is passing on to them a hidden sales tax.

If people need any more concrete explanation of this, start with the staff of life, a loaf of bread. The simplest thing; the poorest man must have it. Well, there are 151 taxes now in the price of a loaf of bread-it accounts for more than half the of a loaf of bread. It begins with the first tax, on the farmer that raised the wheat. Any simpleton can understand that if that farmer cannot get enough money for his wheat, to pay the property tax on his farm, he can’t be a farmer. He loses his farm. And so it is with the fellow who pays a driver’s license and a gasoline tax to drive the truckload of wheat to the mill, the miller who has to pay everything from social security tax, business license, everything else. He has to make his living over and above those costs. So they all wind up in that loaf of bread. Now an egg isn’t far behind and nobody had to make that. There’s a hundred taxes in an egg by the time it gets to market and you know the chicken didn’t put them there! – Ronald Reagan 1975.

International corporations and companies who moved overseas are rejoicing that their small to medium sized American competition is about to be taxed even more under Obama. The oil cartel is celebrating because it means that America will not be producing more domestic oil or nuclear energy so they will still have a stranglehold on our economy. Some on Wall Street will rejoice because Obama will increase government spending as he has promised…which in reality has become the biggest corporate welfare of all.

Does anyone else find it ironic that Obama criticized Republicans for (going along with democrats) to raise spending too much in the last eight years, saying that “Republicans spent too much” and yet his own plan is to spend an extra trillion over and above what government is now?

It took Watergate to get us Jimmy Carter and it took Jimmy Carter to get us Ronald Reagan. It now seems that every generation needs to have it’s Jimmy Carter to learn this lesson…..and you wonder why the public school system gives us a historical perspective that goes back little further than breakfast.

Posted in Campaign 2008, Chuck Norton | Leave a Comment »