Off-Topic: Economic illiteracy on parade
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Name:
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MartiniMan
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Subject:
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Economic illiteracy on parade
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Date:
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7/23/2020 8:09:11 AM
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These are the same people that think soaking the rich with more taxes is the road to paying for big government. They cannot understand how LLC's and s-corps that are taxed as a partnership, the job creators and real engine of the economy, are the ones most impacted by this mentality. They don't understand that our being successful and having lower marginal tax rates has always and will always increase economic activity and revenues to the Treasury. They don't understand how payroll taxes work and what would happen with a payroll tax holiday. And they certainly don't uderstand human nature.
And it seems that no amount of facts, logic or reason can penetrate their invincible ignorance. Very frustrating since this really is very simple and easy to understand even with a bare modicum of economic literacy....something they appear to lack.
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