Americans Paying Lower Taxes? Like Buying A Fridge on Deferred Payments

May 11th, 2010 by Dave

LOW TAX/HIGH TAX? Just because you buy a fridge with no payments for one year doesn’t mean you’re not paying too much for it. Any money acquired by the government(s) is provided by those who earn it. We pay by: direct tax, fees, property tax, consumption tax, built in price increases to cover cost of tax, decreased benefits, inflation disproportionate to income, etc. We’re paying the cost of everything the government spends. Everything. Or, we’re passing the cost to our kids. When our spending hits 100% or more of GDP we’ll look like something between Japan and Greece.

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