Theirs also a limit on how much you can tax people and businesses before you tax everyone out of their business,jobs and their homes. Which comes back to the handing out of free stuff(Which also kills the insentive to work). The more free stuff they hand out. The more the government is gonna have to raise taxes. To make up for the loss. And its harder taking it away. Then giving it out(way of buying votes. And in my book is a form of political slavery). Once people have it and depend on it. Which puts our economy in the whole even more. with less products being produced due to regulations and too high of taxes. Means we export less on the market and import more. And all the company and jobs are moving out of the country. Which is racking up debt and swamping this country.
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There is a limit on how much you can tax before you tax everyone out of their business, out of their jobs, and out of their homes.
Handing out free stuff kills the incentive to work. The more free stuff the government hands out, the more the government is going to have to raise taxes. Once folks have their income supplemented, it becomes harder to take it away. Giveaways are a way of buying votes and, in my book, they a form of political slavery. Giveaways put our economy in the hole even more. Fewer products are produced due to high taxes and excessive regulations. The companies move out of the country to get out from under the extra cost so they can make a profit to satisfy their stockholder. The issue accumulates with fewer products to export and requires more products to be imported. We rack-up crushing debt and swamp the country into a state of decline.
