In an economic move that everyone except the mainstream media can get behind…
In an economic move that everyone except the mainstream media can get behind, President Donald Trump is considering reducing the heavy taxation burden on Americans to help boost the economy. Lower taxes means less is stolen from the producers and flowing into the hands of the parasites.
No one should care how much money the government will lose. Theft is theft whether it’s done by the government or by individuals, and governments are the heavyweight champions of theft. This is like being upset that your home got broken into and the thief only stole your TV so now maybe, he doesn’t have enough.
According to The New York Times, Trump confirmed that he was considering “various tax reductions,” including a payroll tax cut, to stimulate an economy that is beginning to slow. Trump made the announcement Tuesday and has pointed several companies as signs of economic strength that are now warnings of weakness. United States Steel, an early champion of Trump’s metal tariffs and a frequent mention in the president’s Twitter feed, is laying off workers and slowing production at a plant in Michigan. Home Depot on Tuesday lowered its sales outlook for the year as it braces for consumer spending to take a hit from Trump’s Chinese tariffs.
Lower taxation is a boost for the economy as less is stolen from the worker’s paycheck. More take-home pay is going to boost consumer spending and add a little padding for those living paycheck to paycheck. Taxation is still theft in any amount, but the lower the rate of theft, the better.
Taxation has been stealthily imposed at an ever-growing rate and it is astounding so few people are aware of the profound enslavement that entails. -Jeff Berwick
While Trump didn’t say his tax cuts would be to boost the economy or to help prevent a recession, they very well could. “I’ve been thinking about payroll taxes for a long time,” he said. “Whether or not we do it now, it’s not being done because of recession.”
In addition to potentially cutting payroll taxes, which would benefit workers by putting more money in their paychecks, Trump told reporters that he was thinking about unilaterally reducing capital gains taxes. Such a move would largely benefit wealthy investors by reducing the amount of taxes owed on profitable sales of stocks, bonds, and other investments.
A tax reduction would help the economy and could also boost Trump’s reelection chances. People don’t enjoy being taxed to death and showing that he’s willing to remove the heavy burden could definitely be in Trump’s favor in 2020; especially if people start to see more money in their paychecks.