Monthly Archives: June 2010

Lower Taxes to Increase Revenue


Thomas Jefferson said:

I, however, place economy among the first and most important of Republican virtues, and public debt as the greatest of the dangers to be feared.

The state of our economy has not been improved by the massive stimulus spending…most of which will happen right before the mid-term election.  Our nation’s public debt is the greatest it has ever been.  Why do We The People sit, election after election and turn a blind eye to the destruction of our viability as a free nation.

Think what you do when you run in debt; you give to another power over your liberty.

~Benjamin Franklin

The fact that we don’t know our nation’s history is causing us to relive it.  For instance, we’ve explored the benefits of lower taxes and the futility of raising taxes in the 1920’s.

A prime example of the benefit of lowering taxes can be found in A Patriot’s History of the United States: From Columbus’s Great Discovery to the War on Terror”>A Patriot’s History of the United States can be found by examining Andrew Mellon, President Warren G. Harding’s secretary of the Treasury,

Commissioned a study of why the wealthier classes had paid less and less in taxes as the government raised the tax rate on them repeatedly. The rich tended to invest abroad rather than build new factories and mills in the United States and then suffer from the 73 percent tax on any income from those investment.

After his study of falling tax revenues revealed that the amount of money gleaned from the upper classes had declined with each new rate increase, Mellon concluded that lowering the rates on everyone, especially the wealthiest classes would actually result in their paying more taxes.  From 1921 to 1926, Congress reduced taxes from 73 percent on top income earners and 4 percent on the lowest taxpayers to 25 percent and 1.5 percent, respectively, then down even further in 1929. Unexpectedly, to everyone except Mellon, the tax take from the wealthy almost tripled, but the poorer classes saw their share of taxes fall substantially.  The nation as a whole benefited as the national debt fell by one third (from $24 billion to $18 billion) in five years.

Mellon’s tax policies set the stage for the most amazing growth yet seen in America’s already impressive economy.

~ Larry Schweikart & Michael Allen

A Patriot’s History of the United States

 

During his presidency, Ronald Reagan proved again that lowering taxes helps to fuel the engine of the economy as demonstrated by great economic growth that extended beyond his years in office.  Andrew Mellon had already made the case that if you raise taxes on the rich, their money will move off shore and out of reach of the greedy hands of government.  Enough is enough.

Until We The People insist on the Constitution being the foundation of our nation again Congress will never cease their continual attack on our freedom.  Our Founding Fathers never intended for government to regulate every aspect of our lives.  They would have thought passing the national debt from one generation to the next sinful.  We The People cannot look to government for answers.  We The People need to be self-reliant, innovative and free to succeed or fail.

Each citizen has a duty to demand accountability from our representatives in every level of government.  We The People need to step up and solve problems rather than looking to government to do it for us.  Get involved in politics, because unless we are vigilant, our republic will be no more.

When asked what form of government they’d given us, Benjamin Franklin replied:

A republic, if you can keep it.

What are you going to do about it?

God Bless America!

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Filed under American History, political

Glenn Beck’s The Overton Window


Glenn Beck’s new book, The Overton Window, weaves history and current events together for a political thriller that will serve as a wake-up call to American’s who are asleep at the wheel.  Beyond entertaining, this book challenges the reader to pay attention to the man behind the curtain as We The People are manipulated through the calculated application of the Overton Window in American politics today.

The main character is drawn into the fight for the soul of our country.  He finds himself torn between his life of privilege and a mysterious woman who captured his heart. Noah, like many Americans, had to be jolted out of his complacency to see the truth that surrounds him, but chooses not to see.

Since his story is based on reality, Beck takes this opportunity to sort fact from fiction with extensive sourcing of the facts and a challenge for the reader to check it out for themselves.  I highly recommend The Overton Window. You’ll never view the powerful elite in the same light again.

God Bless America!

For more information on the Overton Window & the Mackinac Center for Public Policy click here.

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Filed under Book Review, political