Apparently, Bill Kristol has the same mental deficiency as every single person who voted for Barack Obama last Tuesday. He doesn’t seem to be able to grasp a very, VERY simple economic truth, which is that it is a practical impossibility to raise taxes only on “the rich“.
You see, most of “the rich” either produce goods and services for everyone else, employ people, or rent apartments to primarily low-income folks. Some of them do all of these things, and raising their taxes forces them to offset their monetary losses by doing one or all of the following things.
A.) Raising the prices of their good and services.
B.) Cutting the number of their employees and/or cutting the pay of those they employ.
C.) Raising the rents of the people who live in their apartment buildings.
This is called REALITY, Mr. Kristol, and it is not subject to interpretation. ALL TAXES TRICKLE DOWN!
It is impossible to overstate this truth, yet day after day, week after week, month after month, and year after year people like Bill Kristol behave as if the government can simply take more money from those who earn above – say – $250,000 a year and that won’t affect anyone else.
The fact is that it will effect EVERYONE ELSE, jackass, and the poorest of the poor will be the most detrimentally affected of all. How someone could become the editor of a conservative magazine like the Weekly Standard and NOT know this, is beyond my ability to comprehend.
I get that your average Obama supporter has the IQ of stale bread, but what puzzles me is how reasonably intelligent men and women appear incapable of recognizing something that I was able to see clearly before I was old enough to stay up past 9pm on a school night.
By Edward L. Daley