August 29, 2004
~ Hey, Hey, Hey, Good-Bye ~

Remeber when I said raising taxes on rich people doesn't make them pay more, it makes them move their money elsewhere? Well, guess what:

[Agencies] all report rising numbers of Americans moving to Central America. The buyers are attracted by the cheap land and household help, the sunny climate, the easy flights back to the United States and the improving infrastructure.
...
Americans [moving to places like Honduras, Panama, and Nicaragua] retain their U.S. citizenship but get a significant U.S. tax break because they live abroad. And Honduras, like most Central American countries, does not tax them on income they earned in the United States.

An unfortunate number of members in the peanut gallery (no, not you, the other one) will of course say, "so what? Good riddance!" But this is only because they refuse to understand how capital flow works. These people are taking money and jobs out of the US economy and putting them in another country's economy. All because they want to avoid being part of the 10% of Americans who pay 65% of the taxes.

"Big deal! Those are all terrible jobs! Who would want them?" Well, people who don't have high school educations, who have made bad decisions and need a second chance, who have no other skills or don't even speak the language... folks who need some nice, low bottom rungs to get their start on the ladder again, that's who. In other words, people who are most likely to end up on the government dole and consume our tax dollars.

They end up there often because they can't find jobs. They can't find those jobs because people who'd be willing to pay them have moved somewhere else to avoid having their wealth taken from them by the government. Democrats see this situation and want to create new government programs to "help" the poor (the fact that they already receive billions and it isn't changing anything is beside the point), and, of course, raise taxes even more on "the wealthy" to pay for these programs. Inevitably, they (and their buddies in the press corps who helped them) then scratch their heads when the deficit baloons, government program enrollments get longer, and nothing else changes. "It couldn't be because we're doing the wrong thing. We just haven't found the right program!" And around the tax-and-spend wheel goes again.

Republicans simply lower taxes on the people who're carrying the rest of the country anyway and let the whole thing sort itself out.

See the difference?

Posted by scott at August 29, 2004 08:03 AM

eMail this entry!
Comments
Post a comment
Name:


Email Address:


URL:


Comments:


Remember info?