If Reid really cared about poor people and a dwindling middle class, he would help us get rid of the Federal Reserve
December 20, 2013
Senate Majority Leader, Nevada Democrat Harry Reid, wants the government to steal more money from the middle class and dole it out to the victims of the Federal Reserve created economic depression.
“Even as the economy creates jobs, too many Americans find themselves on the sidelines watching as the rich get richer, the poor get poorer and the middle class are getting squeezed and squeezed,” Reid said on Thursday.
“There is no greater challenge this country has than income inequality. And we must do something about it.â€ť
Reid’s solution to income inequality is to tax and borrow more and give money to the unemployed. Democrats like to tell you this money will come from the super rich. But they know the super rich don’t pay taxes. From offshore tax havens to shell games, foundations and equity swaps, the rich rarely if ever pay taxes. Large multinational corporations with teams of lawyers don’t pay taxes either. GE, for instance, avoided paying taxes by socking $108 billion overseas.
So when Harry Reid talks about redistributing more money to the unemployed, he’s talking about taxing the middle class. He’s also talking about taxing the small businessman who can’t afford fancy tax lawyers and does not have the option to move money to the Cayman Islands or Lichtenstein.
According to recent Small Business Administration and the Bureau of Labor Statistics figures, around 85 percent of all new jobs are created by small business. If Harry Reid and the Democrats raise taxes on small business, the net result will be less capital for business and less jobs created. Higher taxation leads to business cutting expenditures and laying off people. Harry Reid and the Democrats will create even more unemployment and misery.
There is, however, an upside to Reid’s demand, at least for Democrat career politicians. It will create more Democrat voters. Many of them will not have jobs. But they will vote for Democrats in order to continue receiving unemployment insurance and food stamps. Amnesty is basically the same thing. It will create millions of new Democrat voters.
If Reid and the Democrats really cared about poor people and a dwindling middle class, they would get rid of the Federal Reserve, throw out the bankers who designed the last so-called recession, and restore honest money instead of fiat currency based on nothing and exploited by fractional reserve criminals.
Corporatists and banksters controlling government and the money supply is the problem. Harry Reid knows this. His top election donors include JP Morgan Chase, AT&T, MGM, Comcast and big gambling casinos.
That’s who he answers to. Not the American people.