Economic Freedom Regression

Given the terrorist acts in Beantown yesterday resulting in the deaths of three American citizens and injuries, some most significant, to potentially hundreds of others, Americans appropriately lost focus on what April 15 is commonly known for; the day individual income taxes are due.

With every American becoming a Bostonian in heart yesterday, the 100th anniversary of the income tax passed without fanfare.  It is hard to fume at Woodrow Wilson when you are on a seek and destroy mission after the ruthless terrorists who aim America harm.

Should the events in Boston not have occurred, the Progressives would have spent the day rejoicing at the ever increasing levels of taxation they have levied on working Americans.  Ronald Reagan once half sort of joked that "Republicans believe every day is the Fourth of July, but the democrats believe every day is April 15."

How true. The Progressives under President Obama, exponentially increasing what was already a bloated national debt upon their election, find nothing that cannot be taxed.

Just in the past week, we find Obama seeking to find ways to tax the 401K accounts of individual citizens and under the Progressive leadership in Maryland, under the false premise of global warming, comes word of a complete absurdity; a rain tax.

The progressive elites claim knowledge superior to the rest of us, but somehow, obviously slept during economics class.  Standard economic theory indicates when you tax something, you get less of it.  As the Progressives seek to continuously raise revenues, oh excuse me, taxes, it is clear every American should have a thorough understanding of The Laffer Curve.

As such, please see the following short tutorial from Prager University:



The Progressives leadership has a fundamental understanding of this, so therefore, their policies are illogical and in full scale violation of basic economic theory.  But why?

The reasons are found in the concepts put forward by Cloward and Piven, basically centering upon crashing the current system to have it replaced by a form of socialism which prohibits individual economic growth and entrepreneurship. Obama is doing a fine job achieving this goal thus far.

When over half the country is dependent upon government assistance, those footing an increasing bill will ultimately collapse, allowing an all too welcoming government to take control.  The individualism of the citizenry is lost when your wages and benefits are not rewards for your hard work and accomplishment but rather controlled hand outs from those in governance, ultimately unelected technocrats.

Increasing taxation is restrictive to economic freedom.  It should be remembered that free market capitalism is the best path prosperity. Always.