Thursday, May 14, 2009

A Short Economics Test For Lefties

California has one of the largest economies of any state. They have some of the highest tax rates for every conceivable tax. Personal income, corporate income, sales, fuel – you name it, theirs is among the highest. They also don’t have as many exemptions as lots of states.

The reason I listed all of that was because lefties will insist that raising taxes will always result in increased revenues, and they ridicule the theory of supply side economics, despite the fact that it’s worked every time it’s been used.

So, my question to every leftie out there is this. Why is California in such dire straits? If raising taxes is good, and increases revenues; and if California has some of the highest tax rates; then why isn’t California doing better?

I’ll even make it simple as I can for you lefties. Let’s make it multiple choice.

A. Their tax rate is not high enough.
B. They spend way to damn much.
C. Their high rates have driven away businesses, resulting in lower revenues.
D. Punishment by taxation has failed.

If you are a leftie, and you chose anything other than A, there’s hope for you yet.

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