We have to resist class warfare and lower taxes for everyone in order to grow our economy

Five Key Reasons to Reject Class-Warfare Tax Policy

Uploaded by on Jun 15, 2009

President Obama and other politicians are advocating higher taxes, with a particular emphasis on class-warfare taxes targeting the so-called rich. This Center for Freedom and Prosperity Foundation video explains why fiscal policy based on hate and envy is fundamentally misguided. For more information please visit our web page: http://www.freedomandprosperity.org.

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We got to lower tax rates so we can grow our economy and if the tax rates are raised on the wealthy then punishing the job creators in our country will hurt economic growth. We have to resist class warfare and lower taxes for everyone in order to grow our economy.

Every so often, I come across some statement by President Obama that is either jaw-droppingly misguided or unintentionally revealing, and I place it in my is-this-the-worst-thing-he-ever-said file.

His “spread the wealth” comment to Joe the Plumber is the most famous example, but that was before I started this blog. Previous entries on my list include.

But our Secretary of State also likes saying odd things.

Now we have another Hillary Clinton quote, as reported by the Guardian.

There are rich people everywhere, and yet they do not contribute to their growth of their own countries.

Wow, that’s remarkable. She’s actually claiming that rich people somehow get a lot of money without boosting growth, even though they obviously provided some value and benefit in order get people to voluntarily pay money for whatever it is that made the person wealthy.

But that’s not the most offensive part of her statement. What really stuns me is the assertion that growth will be enhanced if these successful people give a greater share of their money to a corrupt and venal political class.

For all intents and purposes, she is asserting that government in these nations is too small, even though the evidence from western nations shows that small governments were very conducive to growth. Moreover, we’re supposed to believe that high tax rates won’t discourage productive economic behavior.

Which leads me to ask a simple question: Can anybody show me a poor nation that became a rich nation while imposing high tax rates and having a bloated public sector?

P.S. Even though Mrs. Clinton wasn’t making any distinction, allow me to stipulate that there are some rich people who got money dishonestly. I addressed this issue in a post last year and I suspect that some politicians think rich people are sleazy crooks because the rich people they hang out with are sleazy crooks.

P.P.S. Click here to get the answer to the question about nations that became rich with high tax rates and big government.

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