Comments on: The Truth Behind Obama’s 3% of Small Businesses Claim http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/ Tue, 14 Feb 2012 19:53:39 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Reg, Chicago http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7469 Reg, Chicago Wed, 22 Oct 2008 15:11:16 +0000 http://www.foundry.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7469 Socialism promotes no incentive to work harder, or even to work at all. This is not a benefit to our economy. I'm not against improvement of any class whether it be low income, middle income, etc. But redistribution of wealth is not the answer. I agree with those who, in their posts, pointed out the excessive spending in the federal government. How about leaving the tax rates alone, cut that excessive government spending, and give that money to those they seek votes from? No. Of course not. Cuts in spending is the responsible thing to do. The "tax the rich" approach will eventually become the "tax the somewhat rich"... then "tax the not so rich"... Socialism promotes no incentive to work harder, or even to work at all. This is not a benefit to our economy. I'm not against improvement of any class whether it be low income, middle income, etc. But redistribution of wealth is not the answer. I agree with those who, in their posts, pointed out the excessive spending in the federal government. How about leaving the tax rates alone, cut that excessive government spending, and give that money to those they seek votes from? No. Of course not. Cuts in spending is the responsible thing to do. The "tax the rich" approach will eventually become the "tax the somewhat rich"… then "tax the not so rich"…

]]> By: Sam http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7404 Sam Tue, 21 Oct 2008 23:50:23 +0000 http://www.foundry.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7404 You don't make the poor richer by making the rich poorer. Socialism is the philosophy of failure, the creed of ignorance and the gospel of envy. The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries. Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is - the strong horse that pulls the whole cart. You don't make the poor richer by making the rich poorer. Socialism is the philosophy of failure, the creed of ignorance and the gospel of envy. The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries. Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is – the strong horse that pulls the whole cart.

]]> By: MB, New Jersey http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7374 MB, New Jersey Tue, 21 Oct 2008 16:20:39 +0000 http://www.foundry.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7374 I agree with Sue from NY. The Federal Government has grown to levels never before seen in the history of this nation. The problem I have with this is that most of the spending can be looked at as unconstitutional. America needs leaders right now that realize that entitlement programs at all federal levels need to be drastically cut or eliminated completely. Then and only then will we get America back on the road to fiscal responsibility. I agree with Sue from NY.

The Federal Government has grown to levels never before seen in the history of this nation. The problem I have with this is that most of the spending can be looked at as unconstitutional. America needs leaders right now that realize that entitlement programs at all federal levels need to be drastically cut or eliminated completely. Then and only then will we get America back on the road to fiscal responsibility.

]]> By: John, Winston Salem http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7366 John, Winston Salem Tue, 21 Oct 2008 14:27:53 +0000 http://www.foundry.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7366 I agree wholeheartedly with Sue. In addition, there is also ample evidence to indicate that cutting taxes has two positive results: increased economic growth (jobs, GDP, personal income) and increased revenue to the government. While I am not a fan of more revenue going to government, in the context of economic growth it is unavoidable. The goal should be to make sure that those in Washington are better stewards of what they confiscate from the citizenry. I agree wholeheartedly with Sue. In addition, there is also ample evidence to indicate that cutting taxes has two positive results: increased economic growth (jobs, GDP, personal income) and increased revenue to the government. While I am not a fan of more revenue going to government, in the context of economic growth it is unavoidable. The goal should be to make sure that those in Washington are better stewards of what they confiscate from the citizenry.

]]> By: Sue, New York http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7363 Sue, New York Tue, 21 Oct 2008 13:48:09 +0000 http://www.foundry.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7363 I love the reasoning that the only economic solution to debt is more taxes. This is like saying, I have more expenses so I'll just ask my boss for more money. First, you look at expenses and cut, cut, cut! Let's face it, there's a lot of fat in government. Last month they added an extra 9,000 jobs while every other category lost jobs! The government is out of control with spending and that's our first objective. Cut the fat, cut a little meat, and quit asking the American public for more of their piece of the pie. I love the reasoning that the only economic solution to debt is more taxes. This is like saying, I have more expenses so I'll just ask my boss for more money. First, you look at expenses and cut, cut, cut! Let's face it, there's a lot of fat in government. Last month they added an extra 9,000 jobs while every other category lost jobs! The government is out of control with spending and that's our first objective. Cut the fat, cut a little meat, and quit asking the American public for more of their piece of the pie.

]]> By: Sarasota http://blog.heritage.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7360 Sarasota Tue, 21 Oct 2008 13:23:00 +0000 http://www.foundry.org/2008/10/21/the-truth-behind-obamas-3-of-small-businesses-claim/#comment-7360 The issues related to the impact of tax increases or redistribution is more complex than your analysis. Currently we face a huge budget deficit and this cannot be financed by inflation (printing of money) or tax decreases. At this point in the economic cycle the only solution is a tax increase. The issues related to the impact of tax increases or redistribution is more complex than your analysis. Currently we face a huge budget deficit and this cannot be financed by inflation (printing of money) or tax decreases. At this point in the economic cycle the only solution is a tax increase.

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