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Per the president’s spokesperson in the White House, this budget “invests in all of America to make sure everyone has a fair shot, we leave no one behind.”
Translation: government will accumulate more power and decide what is fair and achieve its aims with more government paid for with other people’s money.
The beautiful language of leaving “no one behind” means government expansion into every area of our lives, including subsidized child care for families earning $200,000 and below.
The bill for the massive new spending, per the president’s budget, will be paid for with a total of $4.9 trillion in tax increases on the wealthy and on corporations.
I say “supposedly paid for” because expansion of government under the premises of raising taxes on the most successful sectors of our economy never works. Renown economist Arthur Laffer and Heritage Foundation economist Stephen Moore just published data showing that when President Donald Trump cut the highest individual tax rate and cut the corporate tax rate in 2017, the percentage of overall taxes paid by the wealthiest 1% of the population increased.
Before the Trump tax cuts, the top 1% paid “a little more than 40% of the income taxes collected,” per Laffer and Moore.
After the tax cuts, that percentage increased to almost 46%.
This was not something new. Laffer and Moore show data going back to 1980 showing general correlation of lower top tax rates with a larger percentage of overall taxes paid by the top 1%.
Freedom means unleashing productivity and creativity. Absence of freedom means punishing both and therefore getting less of both.
It’s why the Soviet Union collapsed. Godless secularism doesn’t work.
The latest edition of CURE’s “The State of Black Progress” shows the uniform failure of expansion of government into health care, education, housing and retirement, all in the name of “fairness” and no one being “left behind.”
The truth really is it’s more than this. It’s about politicians who love power buying it with gifts given with other people’s money. Harsh to say, but this is reality.
Only 19% of Americans are satisfied with the direction of the country, per Gallup.
Most Americans feel something is wrong. We need leadership to take us back to freedom and God.
Star Parker is president of the Center for Urban Renewal and Education and host of the weekly television show “Cure America with Star Parker.” Her recent book, “What Is the CURE for America?” is available now. To find out more about Star Parker and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators. com. COPYRIGHT 2024 CREATORS. COM
