“Taxing the rich” makes poor/middle-class people poorer

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The Dem’s are floating the “tax the rich”, “make the rich pay their ‘fair share'” rhetoric to try and pay for their programs. Which, of course, gets the “not-rich” to back their plan… ironically, the “not-rich” are the beneficiaries of these programs.

So let’s tax the “rich” — i.e., the businesses, or business owners. What do they do? Well, they started and ran a successful business, right? So they’re a relatively intelligent lot of people. They see taxes as an expense on the balance sheet. What do you do when expenses increase? You either lower other expenses (outsourcing and off-shoring are two popular ways to do this), reduce the quality of the product (which “not-rich” people buy, and have to buy again and again when the cheaper version breaks, making the “not-rich” people poorer), or raise the cost of the item (again, making the “not-rich” people poorer).

So who is really footing the bill for “taxing the rich”? You guessed it. The poor are.

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