Thursday, October 16, 2008
Dangerous To Business -- That Means You, Even If You Don't Have A Business
Small businesses are critical to job creation and prosperity in the United States.
Obama will tax "the rich" who own small businesses.
How do you think the "rich" will pay their higher taxes?
1. By increasing the cost of their products that YOU purchase. This means that THEIR tax increase is really an increase to YOU.
2. By reducing the work force. Less jobs! Who just paid for the higher taxes? Everybody!
3. By reducing expansion. Instead of using profits to grow (that's what businesses love to do), they are paying higher taxes. Less expansion, less growth, less jobs, hurting everyone.
This is not rocket science, folks. This is Economics 101.