On the surface, Bernie Sanders and Joe Biden are pushing a “Tax Emergency” because of the pandemic.
But it’s really a fast-track way to impose more radical socialism and big government dependency programs on America.
Here are 5 things you should know:
1. Who is hurt?
Higher taxes hurt people.
They hurt especially:
- Workers
- Families
- Small businesses
- The Retired
Higher taxes, less opportunity, less jobs, less freedom.
2. False Messaging By the Media and Politicians
They say it’s paying your “fair share”. If they were honest, they would say it’s really social engineering or reshaping America into a collectivist/socialist society.
3. Dividing America into haves and have nots.
Sanders, Biden, and the Democrats crippling tax hike will be further dividing America into 3 classes:
- Super Rich
- Those dependent on government handouts – both companies and individuals
- Everyone else
It’s destructive to economic growth, but also, further divides our nation.
4. How much should someone pay in taxes?
I often ask people on the air, at a speech, or on campus, how morally should a person be taxed?
What is fair?
How would you answer?
50% – Unfair confiscation and morally wrong most people would say
40% – Way too much – outrageous most people say
30% – Still way too high – still unfair most people say
So what is fair? 20% – Jesus said 10% for a tithe.
What are Sanders and Biden pushing? They are pushing over 60% with federal, state, and local taxes.
For example:
61% – In New York
59% – California and Hawaii
5. Taxing business, not individuals! Big Lie.
The politicians say it’s taxing businesses. But the reality is as a business owner, I must pass higher taxes to my customer. I can’t afford not to. I must to survive.
Businesses will increase their prices. If this bill passes you’ll see higher taxes:
- Food going up
- Clothing going up
- School supplies going up
- Gas going up
- Paint and home repairs going up
And yes, you will see an increase in your utilities – mainly natural gas and water.
Corporations don’t pay taxes, people do!
What do you think? Let me know at [email protected].
Note: I’ll send you a special “Stop the Tax” alert shortly. Watch for it.