When you punish achievement, you get less of it. When you punish risk taking, you get less of it. When you punish businesses, you get less of it. When you reward those those don't work, don't achieve, only want to take, you get more of it.
As Elizabeth Warren and Obama believe, you didn't build that business. You drive on our roads, go to our schools and we all built that business. The fact is that businesses pay for those roads too, they pay for those schools too and the owners put up risk capital perhaps all they had to start the business. They took the risk, they hire the workers and yes, they pay one of the highest corporate taxes in the world.
When Reagan entered office, tax collections made up 18.1% of GDP. They are currently 18.7% but scheduled to go up to 19.3% by 2020 on our current pace. It may not seem like much, but add on the enormous regulatory burden, the enormous legal burdens placed on businesses and other negatives that did not have nearly as significant an impact back in 1980. In addition, we have the 3rd highest corporate tax rate in the world. And the Dems want even more.
Matt Yglesias just wrote this today (he is a doctrinaire liberal):
In some ways, the Democrats’ biggest disadvantage is simply their current smugness. A party that controls such a small share of elected offices around the country is a party that should be engaged in vigorous debate about how to improve its fortunes. Much of the current Republican infighting — embarrassing and counterproductive though it may be at times — reflects the healthy impulse to recognize that the party lacks the full measure of power that it desires, and needs to argue about optimal strategies for obtaining it. On the Democratic side, the personal political success of Barack Obama has created an atmosphere of complacency and overconfidence. If a black guy with the middle name Hussein can win the White House, the thinking seems to be, then anything is possible. Consequently, the party is marching steadily to the left on its issue positions — embracing same-sex marriage, rediscovering enthusiasm for gun control, rejecting the January 2013 income tax rate settlement as inadequate, raising its minimum wage aspirations to the $12-to-$15 range, abandoning the quest for a grand bargain on balancing the budget while proposing new entitlements for child care and parental leave — even though existing issue positions seem incompatible with a House majority or any meaningful degree of success in state politics . . . But instead of a dialogue about how to obtain that success, Democrats are currently engaged in a slightly bizarre bidding war between Hillary Clinton and Bernie Sanders to see whether Congress in 2017 will reject a legislative agenda that is somewhat to the left of Obama’s or drastically to its left.
Read more at:
http://www.nationalreview.com/corner
