Home > Economy > Singer John Legend Begs Government to Steal More of His Money

Singer John Legend Begs Government to Steal More of His Money

news.yahoo.com – John Legend: Take my tax cut. Please.

This really drives me crazy and it’s so easy for stupid people to fall for this logic. The argument is always that the rich can afford the tax cuts. Some how budget cuts also get brought up in this discussion.

When the government gives you a tax “cut.” They aren’t spending more money or adding to the debt, they are just stealing less from you!

People believe that the government knows what to do with our money better than we do. Government can not handle money because they have no profit/loss data to know how well they are serving their “customers.”

It’s easy to argue that this money would be much better spent in the private sector (non government.) If you know the more money you put back into your business to make it bigger that the government will just tax you more – where is the incentive to create more jobs? How are small businesses supposed to start with so much red tape, regulations, fees and licenses?

If you believe in fairness – all people should be taxed at the same rate. High corporate tax rates, income taxes and taxes on just about everything you do encourages business owners in the private sector (non-government) to not spend their money or invest it else where.

John Legend, you really need to re-examine what you are saying. How could it be that if you were allowed to keep more of your own money, effectively spend it how you wanted, wouldn’t be able to make more of an impact in your job and charity work than the government? It has nothing to do with the budget and everything with trying to reduce the tax burden for all Americans, especially small business owners.

Check out these numbers from the U.S. Small Business Administration

  • Represent 99.7 percent of all employment firms.
  • Employ just over half of all private sector employees.
  • Pay 44 percent of total U.S. private payroll
  • Have generated 64% of net new jobs over the past 15 years
  • Create more than half of the nonfarm private gross domestic product
  • Hire 40 percent of high tech workers
  • Are 52 percent home-based and 2 percent franchises
  • Made up 97.3 percent of all identified exporters and produced 30.2 percent of known export value in FY 2007
  • Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

http://www.sba.gov/advocacy/7495/8420

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