The Biggest, Untold Reason NOT To Tax The Rich More...

Think about this the next time you hear "We need to tax the wealthy even more"...

Americans spend roughly $4.6 trillion dollars a year in consumer spending. Consumer spending is what keeps the economy rolling - as people buy, other people have to make and market the products and services, resulting in jobs. Simple so far, right?

But that is where liberals stop thinking. Here is the rest of the story...

A full 33% of all consumer spending is spent by the top 2% of income earners. After all, who else CAN spend that much? If you raise taxes on the wealthy by 3%, that is $138 billion dollars that will not be going into the economy. $138 billion dollars of products that won't need to be built, or services not needed. That's $138,000,000,000 that will NOT go into the pockets of Americans. Jobs that will no longer be needed.

Taxing the rich does two things:

1) It forces businesses to raise prices to cover the higher taxes (which costs YOU money at the store) and

2) It reduces the amount of money in the economy, and kills productivity (and jobs).

No matter how you cut it, taxing the rich more - or anyone - is counter-productive. Reducing taxes has historically proven that the subsequent uptick of discretionary income results in more spending, which results in the need for more products, ergo more jobs. More jobs and more profits results in much more revenue for the Treasury than if you had increased taxes.

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