Wednesday, April 18, 2012

Guest editorial with a little family pride

Jack Smith III

"By raising the taxes on the rich business owners, instead of taking so much of the profits as income, they will be forced to reinvest in there companies. When they do that, it will mean higher pay for their employees, better work environments, more jobs because they will expand. Which means fewer people on welfare and unemployment. Oh, and by the way, the government will also be getting more tax money from the middle class: (1) because of higher wages; and (2) because there will be more of us. The business owners would be making even more money because they will be selling more. So everyone wins when the rich are forced to share!!!!!"

Don't you love it when your nephew makes you proud? The logic here is undeniable, and this scenario would work exactly the way he said it will. To add to his logic, I give you one more fact. If the business owners put more of their profits into reinvestment instead of taking it as income, you guessed it, they pay less tax. Damn, talk about a win-win situation.

We need to pay attention to this next election, folks, if we are ever going to get this country back in the right direction. Just Saying!

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