A Cost to Government - NOT!
Posted July 18, 2018 | Filed under Fixing The Government
This is going to be one of my shorter articles, but it will not take much to make my point. I am sure that you have heard that when the discussion of lowering taxes on us taxpayers is brought up - the government is considering that a "cost" to the government. Hey government - wake up - this is not a cost - this is simply allowing us to keep more of our own money. And then to rub the salt in our wounds, they say they need to come up with a way to pay for it! Hey, I got an idea - how about spending less money. Usually, they end up raising taxes some place else or borrowing more money. And you know what that gets us - read my article titled "Debt versus Deficit".
Lowering taxes is not a "cost" to the government - it is simply less money coming in to the government. In addition, it is usually a very small amount because their tax decreases are usually tiny. I don't know about you, but when I receive less money in my paycheck, which is usually due to higher taxes, I don't go out and borrow money to make up for it - I spend less. You know that it is a lot easier to spend other people's money. But I bet if it was money coming directly out of their pocket, or if their job security was based on how they spent money, they would be very careful with the spending.
So my point is - anytime you hear a politician say that there is going to be a "cost" to the government by lowering taxes, tell them where to go. Tell them to deal with it by spending less of "our" money.
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