Tax cuts and waste cuts good for most people from behind the plow

Economist Thomas Sowell recently wrote an explanation about how lower personal taxes can raise income for government. It got me thinking.

As a taxpayer for more than 70 years up to this point, I believe lower taxes are important as well as welcome.

Whenever there is a suggestion of making tax cuts, though, Democrats immediately start screaming “tax cuts for the rich,” even when taxes are also being reduced for lower income earners, which includes most of us. Then, they’re angry that the rich save more money than others.

Obviously, those in the upper echelons of government are never satisfied by the amount of money they receive in taxes.

I remember the whines about the “trickle down economy” of President Ronald Reagan.

Although his policies pulled the Americans out of the economic straits left by Jimmy Carter, the left continued its “tax cuts for the rich” harangue.

Those shouting the loudest surely know that when taxes get too high, wealthy investors switch to tax free sources, such as municipal bonds.

In today’s international economy, the wealthiest people may often find better deals internationally than they do at home.

Of course, that’s just what I’ve been told; I’ve never been in a position to check it out myself.

Tax Policy Can Change Business Activity

If investors can make more money in a booming American business economy as from tax-free bonds, they may well invest to earn taxable business investment income.

If they do and it expands the nation’s economy, that means more and better jobs for the workers; hence more taxes for government, or so it seems reasonable to me.

Sadly, those in charge of spending the nation’s money have been on a wild spending spree for decades as the nation turned from a free enterprise nation to more of a welfare state; hence, the $36.22 trillion national debt (much higher, if you count the outlay for Social Security and Obamacare.)

Economists say it may take a decade or more to get the U.S. out of debt by employing cost-saving measures.

While many solutions by the really smart people are floated, it seems to me the basic country type reasoning – spend less than you take in – might be considered.

Older Citizens Like DOGE Efforts

That’s why the work of Elon Musk, who is heading the Department of Government Efficiency (DOGE) has been welcomed by the majority of American citizens, including senior citizens.

The enormous waste, including spending on leftwing programs normal citizens oppose, easily explains the appreciation of the common man for Musk’s efforts.

Excessive spending has doomed all socialist governments in the past.

President Trump came up with the DOGE plan and it is doing what should have been done years ago.

Hopefully, citizens will not fall victim to the Left’s calls for more socialism and give Trump and a conservative successor (Vance?) time to save the world’s freest nation in history.

Up to this point, Trump has followed a similar path to Reagan’s with Trump touches, of course Reagan’s efforts included cutting federal income taxes, cutting the U.S. government spending budget, cutting programs, scaling down the government work force, maintaining low interest rates, and keeping a watchful inflation hedge on the monetary supply and those measures created a successful economic turnaround.

The Deep State Leftists (the unelected bureaucracy) hated Reagan as much as they do Trump.

Trump may face even greater challenges than Reagan. Western Europe, which could be termed an American ally during the Reagan years, has gone squishy, kowtowing to a Muslim invasion and bending to the influence of people who don’t appreciate freedom of thought and have different morality beliefs.

Big Challenges Remain

A recent interview on TCN between Col. Doug Macgregor and Tucker Carlson points out that the U.S. faces a threat from Mexico’s cartels. Macgregor says the cartels have Javelin missiles parked along our border and American officials on their payroll.

He called Mexican cartels a greater threat to America than China, Russia or Iran.

Remember the Ukrainians sent a Drone strike on Moscow.

The Middle East conflict still remains a threat and Iran is still working to obtain a nuclear bomb.

Fortunately, Joe Biden and his weakness are out of the picture, except for the roadblocks he left in the way. Fortunately Trump is a ceaseless worker and deal maker for the benefit of the U.S.

And we have to take into account the billions of dollars of military equipment the Biden presidency left in Afghanistan with that mindless withdrawal.

That equipment is on the international black market, going to people who would like to put America out of existence, according to Macgregor’s interview.