A Roaring Economy

So the economy is booming. The media is quite silent on how well it’s functioning, but trust me, it’s booming. Lets look at some numbers; let’s call it the magic of tax cuts. More specifically, the Bush tax cuts, which are really just rate reductions. Prior to the tax cuts, still dangling onto the Clinton (lack there of) economic plan and 9/11 destruction, the Dow Jones Industrial Average was 7,181. Less than 5 years later it has crossed 14,000. It has more than doubled! Along with that, the D.J.I.A. has broken records 30 times this year alone! That’s amazing. It’s one of the best economies in the history of our great country. Cut the tax rate and the economy grows, every time it’s tried. Think Reagan and JFK and their economies.

What’s the tie to the Bush tax cuts? Well, a little deregulation and Americans having more money in their pocket due to the tax rate being reduced is always a good thing. The rate reduction is only 2% (from 39 to 37) and it’s working ridiculously well. Adam Smith, the invisible hand, look it up. It works. Wealth and prosperity breeds wealth and prosperity. The government can only get in the way and stifle that growth. The unemployment rate is at less than 4%. This is even with the influx of illegal immigrants taking jobs “Americans won’t do.”

Oh, and for all you socialist thugs trying to take more money out of Americans pockets so to stifle economic growth, individual freedom, and play Robin Hood so to have more power of people, lets take a look at income taxes and who pays them. If you’re a Democrat, this is probably the first time you’re seeing these numbers. Take a close look, it is quite astonishing. The top 1% of wage earners pays around 34% of all income taxes in the US! That’s right, the top 1% pays more than a quarter of all income taxes. Still think they don’t pay enough? Here are more numbers. The top 5% pays around 55% and the top 10% pays around 66% of all income taxes. While the total top 50% of all income earners pays 97% of all income taxes, the bottom 50% pays about 3%! The top 1% is paying nearly ten times the federal income taxes than the bottom 50%!

The rich earned their money, get punished by paying the most into the system due to “progressive taxation”, and get nothing out of it. Hell, they are still vilified by the left for not giving enough! Trickle down works; end of story. Reagan had 96 months of uninterrupted economic growth without inflation in the 80’s! Take that Democrats! By the way, do you realize there is a political party that hates tax cuts? Hates the idea of victory in Iraq because it interferes with their political agenda? A party that wants to destroy the best healthcare system in the world because they are just oh so compassionate? Liberalism is about control and fewer choices for YOU! Conservatism is about individual freedoms and freedom to choose to do what you want with your money so to promote individualism and entrepreneurship. With conservatism, you control your destiny!