Is “The Fiscal Cliff!!!” really about the tax rates for the top “RICH”? In a word, no.

 

The amount of money that would be collected from the people the Democrats call to have taxed (while the rest stay at their current tax rates) would be negligible, IF all the expected revenue were brought in as planned.

 

Watch this from my senator as to just how little this tax revenue this would bring in:

Now, the Mainstream Media would have us believe that all would be well if we adopted the Democrats’ tax hikes, and it’s the EVIL Republicans (who just won’t break their pledge to not vote for tax increases, those fiends!) that are holding the well-being of America hostage. OH, THE HORROR!!!

 

What they are missing is that  1. Obama just said there would be no deal unless tax increases were included (don’t hold your breath waiting for the MSM to berate him on this); 2.Tax increases tend to mean lowered revenue (e.g. income to the government from taxes). This is because the wealth goes into hiding (tax shelters, non-taxable bonds, overseas, etc.); and 3. that means less investment and fewer jobs.

 

So, the “middle class” might keep their current tax rates, but they’d have to have a job to enjoy them.

 

There is a Fiscal Cliff, but the government could confiscate ALL income over $200,000 and still only run the government for a month or so.  It’s the spending that will take us over the cliff…but that’s an unpopular fact, so it doesn’t get reported. Don’t be a pawn in the game. Know your facts and stick with them.

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)