1/2 Right is better than nothing

I heard something today on the local talk radio station that made me think. It was actually just a sound bite of something, but it got me thinking. The sound bite was of John McSocialist (McCain) saying this:

"When you raise taxes in a bad economy you will lose jobs"

Bravo half right.

You see, the Republicans get the fact that raising taxes will equate into a lose of jobs for Americans. But the current Republicans lose it after that, they don't have the smarts to take the argument and facts further. However, the Libertarians do get it.

You see, when taxes are raised, especially on businesses, then it cuts into their profitability. What happens when you cut into their profitability, the business suffers and the business will downsize to account for it. If you want examples look no further than New York City in the 70's when taxes were very high (and crime no the less), well businesses started looking elsewhere for better places to conduct their business. Where did they move, to areas with lower taxes. It wasn't until New York City started lowering taxes did businesses start coming back in to conduct their business.

So taxes do effect jobs. But i say that John "The Senile" only gets the answer 1/2 right (which in school would mean you get it wrong). The reason i say he only gets it half right is because it needs to go a step further. The lower the taxes the more jobs would come about it. I, as a Libertarian believe in that taxes are way to high. Now, as a side note, there is some discussion in the Libertarian circle about what taxes should be. Some believe in lowering taxes some, other believe in the low tax system (which there is a book out about), i believe in the no tax system ( one where the total tax person, business, entity would be less than 1%. Some say this is not possible, i simply say shrink government to just the necessities, get rid of all government programs, and viola it would happen. Let private entities run the education, parks, roads, healthcare, and welfare systems and tax payer money would not be needed. Not to mention those programs would be more efficient).

So think how many more jobs there would be with the bare minimum taxation on people and businesses.

Viva Liberty!