Democrats anti employment agenda showing up again.....
The big phat life destroying government teat is their solution....
https://www.investors.com/politics/editorials/guaranteed-income-democrats-tax-cut-repeal/
Taxes: A group of congressional Democrats, aching to return to power, have a bold idea: Repeal the Trump tax cuts, raise taxes on the rich and corporations, then give everyone else a guaranteed income each month from the proceeds. Haven't we been down this road before?
This has always been the Robin Hood dream of the left: Take money from one group you don't like, give it to another you do, then take credit for the theft and call it "fairness."
In that vein, California Sen. Kamala Harris, her eye on a 2020 presidential run, wants to give families earning less than $100,000(!) a year a "monthly tax credit," really a guaranteed income, worth up to $500 a month, or $6,000 a year.
"Americans are working harder than ever but stagnant wages mean they can't keep up with cost of living increases," Harris said.
Yes, Americans are working hard, but not "harder than ever." But what about "stagnant wages?" True, wages were stagnant during the eight Obama years, marked by soaring regulation, higher taxes, and government control of health care. But since President Donald Trump entered office, median household incomes have increased 4.7% to record highs in real terms. And unemployment is at its lowest level in nearly half a century. For minorities, joblessness is at or near its lowest level ever. These are not by accident.
Yes, Tax Cuts Work
Though demonized by the Democrats and their media allies, Trump's tax cuts and deregulation boosted investment, created a jobs boom, and led to higher pay for millions of workers.
By repealing Trump's $1.5 trillion tax cuts, Harris and the other Democrats who support this idea would end up costing working families a huge amount of income and hundreds of thousands of jobs in the coming years. And a guaranteed income is a very bad idea. As we noted in a recent editorial, subsidizing nonwork is a recipe for stagnation. That's why liberal Finland ended its experiment with a guaranteed income earlier this year.
As with many recently elected Democrats, Harris occupies the far left of the political spectrum. So higher taxes and more regulation, despite proven damaging effects, are par for the course.
Guaranteed Income: Robin Hood On Steroids
The big phat life destroying government teat is their solution....
https://www.investors.com/politics/editorials/guaranteed-income-democrats-tax-cut-repeal/
Taxes: A group of congressional Democrats, aching to return to power, have a bold idea: Repeal the Trump tax cuts, raise taxes on the rich and corporations, then give everyone else a guaranteed income each month from the proceeds. Haven't we been down this road before?
This has always been the Robin Hood dream of the left: Take money from one group you don't like, give it to another you do, then take credit for the theft and call it "fairness."
In that vein, California Sen. Kamala Harris, her eye on a 2020 presidential run, wants to give families earning less than $100,000(!) a year a "monthly tax credit," really a guaranteed income, worth up to $500 a month, or $6,000 a year.
"Americans are working harder than ever but stagnant wages mean they can't keep up with cost of living increases," Harris said.
Yes, Americans are working hard, but not "harder than ever." But what about "stagnant wages?" True, wages were stagnant during the eight Obama years, marked by soaring regulation, higher taxes, and government control of health care. But since President Donald Trump entered office, median household incomes have increased 4.7% to record highs in real terms. And unemployment is at its lowest level in nearly half a century. For minorities, joblessness is at or near its lowest level ever. These are not by accident.
Yes, Tax Cuts Work
Though demonized by the Democrats and their media allies, Trump's tax cuts and deregulation boosted investment, created a jobs boom, and led to higher pay for millions of workers.
By repealing Trump's $1.5 trillion tax cuts, Harris and the other Democrats who support this idea would end up costing working families a huge amount of income and hundreds of thousands of jobs in the coming years. And a guaranteed income is a very bad idea. As we noted in a recent editorial, subsidizing nonwork is a recipe for stagnation. That's why liberal Finland ended its experiment with a guaranteed income earlier this year.
As with many recently elected Democrats, Harris occupies the far left of the political spectrum. So higher taxes and more regulation, despite proven damaging effects, are par for the course.
Guaranteed Income: Robin Hood On Steroids
