Thursday, December 13, 2012

Rand Paul: Why Take Money from the Productive and Give it to the Non-Productive Government?

Here is the esteemed Senator talking with Greta about the fiscal cliff and tax rates:

I would say that it's not a good idea to raise anyone taxes, and that the marketplace does not differentiate whether you take the money from rich people, poor people, or middle class. The marketplace says if you are going to take $800 billion, are you taking it out of the private sector, the productive sector, and are you going to give it to the nonproductive sector in Washington, basically the sector of people who are always messing up things in the marketplace? Are you going to do that? If you are going to do that, it's a bad idea no matter whether it's rich people, middle class, or poor. It doesn't matter. If you take money out of the private sector, it's a bad idea.


It isn't a fair tax code. The way you get a fair tax code is to lower rates and get rid of deductions so people don't have to avoid their taxes. But I will say in Google's defense, the corporate income tax in our country is 35 percent. In Canada it's 15 percent. In Bermuda I think it's nine percent. All across Europe it's in the 20s. Money goes to where it's welcome. Money is not welcome in the United States, or the president is trying to make it worse so money and people will flee. People will flee if you raise their taxes. They also won't work as hard and you'll be getting less revenue, not more, exactly the opposite of what the president wants.

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