If you give everyone who pays taxes a tax break, the GNP will grow and this will benefit all. For example, the Trump tax cuts grew the economy, which then lowered black, minority and female unemployment, thereby lowering the needed government spending for poverty. The reason for the growth, via a tax break, is by not giving that tax money to the knuckleheads in Washington, one can invest that extra money to get a positive rate of return; 1% in a bank account or higher in stocks.
If you give that same tax money to the government, you will always get a negative rate of return, which gets worse each time the knuckleheads deficit spend. Deficit spending requires paying ever increasing interest on that National debt, which skims money off the top of this years tax revenues, and creates a negative rate of return before anything is done. Taxes are a poor investment when knuckleheads like Pelosi and Schumer run the show. Until these incompetent people learn to balance the budget, taxes with a negative rate of return is a stupid investment.
The Trump economy grew because of the tax break and multiplier affect of the positive rate of return via the economy. Spending money in the economy trickles that money upward, where demand based investments appear that multiples that money. The Biden economy, if the Democrats are able to game the system and then rob and steal their way to larger deficits, will cause the economy to stall due to the negative rate of return. Their approach takes away the seed potato for a one time party, but destroys the hope of next years crop; negative return on investment.
Maybe we need a Constitutional amendment that says Government needs to create a positive rate of return on our tax investment or else the incompetent knucklehead can be fired, replaced and their personal assets seized. They have no problem seizing the assets with with higher taxes, and then spend it on bad investments with a negative return; middleman skim game.
Trump was good with the tax payer money and showed it was possible for government to get a positive rate of return. For example, he got the NATO allies to pay their fair share of international defense, thereby getting a positive rate of return; same protection for less tax money or the same money get us more. The China Tariffs also raised revenue with a small group of bureaucrats and bean counters. With investments like that and a tax break, government revenues increased due to the multiplier affect of the positive rate of return.
Trump did add to the deficit, but that was because he made the mistake of including the Democrats in all spending bill. They chose to squander their share of the tax money. Had Trump stayed firm on a positive rate of return, the knuckleheads would have stalled all i.........
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