How to Smash the Liberal 'Tax Cuts for Millionaires' Marxist Class Warfare Talking Point Into Tiny Little Shards of Fail

Steve McCann, writing at The American Thinker, describes the reason we can't tax ourselves out of the deficit problem.

In 2011 the annual budget deficit will be nearly $1,665.0 Billion and in 2012: $1,100.0 Billion. If the Liberal Democrats in league with the Socialists, the Unions and the Communists, succeed in raising the highest marginal rate, how much more would Washington D.C. receive, assuming no change in behavior and a general eagerness to pay more?

If the highest rate of 35% were raised by a factor of 20% to 42%, then the additional tax revenue would be $43.5 Billion, not much of a dent in $1,665.0 Billion. So, let's raise the rate by a factor of 50% to 52.5%; the additional revenue would be $108.9 Billion. Still nowhere near enough, so let's just tax it at a rate of 100%, bringing in an additional $404.8 Billion. Unfortunately the country is still $1,260.0 Billion in the hole for the year.

Obviously by confiscating at 100% of all the income of the so-called rich above a predetermined level, there would never again be an incentive to earn above the highest tax rate threshold. So where will the Left have to turn next: where the money is, the middle class.

The Left knows the gullible among us easily fall for centuries-old class warfare rhetoric that demonizes the wealthy, yet they persist in doing the unconscionable, as it keeps them in power... What the Democrats are doing is entirely based on a lie. The United States cannot tax its way out of the present financial crisis, and from a cursory examination of Paul Ryan's proposal, his is the best plan yet presented and needs to be defended and promoted.

Increasing taxes on "the rich" by 20%, 50% or even 100% wouldn't do a damn thing to address the deficit. It would harm the economy, however, as there would be less capital for investment, new capital equipment, startups and hiring.

The next time you hear this class warfare claptrap -- this recycled rhetoric from the Soviet Union -- tell the lib this:

"Your disastrous Democrat leaders have dug us into a hole so deep, you could confiscate 100% of the income of the 'rich' and it wouldn't make a dent in the hole."

Don't use the suffix "dumbass", either, because some of them find it insulting.


Hat tip: Mark Levin.