MONEY & TAXES

   There’s much talk among the various Democrat presidential candidates about money and who gets what.  There’s several ways to get money.  The easiest is inheritance.  Few get that opportunity. The next easiest is handouts from the government.  Many seize on this opportunity.  Another way is steal it.  That has high risks.  Or, you can work and earn it. That’s called wealth creation.  Some are better at it than most.  Money management is the best way to grow money.  The government does not earn money.  It confiscates money via taxes or it creates money by printing more.  (Can anyone say: “Inflation”).  

   The government gets money by taxation in its various forms, including tariffs.  When it taxes income only the workers pay.  Contrary to general thought business owners are also workers.  They work harder than most.  Corporations do to pay taxes, including income taxes.  They pass them on as the cost of business.  All other forms of taxation are paid by the ultimate consumers.  Taxes are embedded in the cost of the goods and services the consumer buys. If Walmart assumed the cost of taxation and did not pass it on in the price of the goods, they would be out of business in less than 30 days.  Landlords do not pay taxes.  They pass them on in the price paid by the renter, the ultimate consumer.

   Think long and hard how you vote.  Taxes in their various forms are a very important money factor affecting all our lives.