Summary of the discussion

My Wictory Wednesday speech generated a lot of comments. I believe this final exchange between Jeff and I was really the crux of the issue. My comments in blue.

But I don’t believe that taxation for “entitlements” is good. I think a lot of it gets eaten up in pure administration.

I can’t believe I’m saying this, but I agree with you 100% about a lot of tax money being eaten up in pure administration. I just don’t see how giving Bill Gates a huge tax cut and giving average working people a couple hundred bucks does anything to fix that problem.

BECAUSE, Bill Gates can take that money and start his OWN foundations with it (which I understand he has done, he’s quite the philanthropist!) He can also use that money to expand his business or start another business which makes more jobs. Even if he doesn’t do either of the above, what he consumes in goods and services ALSO helps with providing jobs.

So those seem to be your options – let folks like Gates use THEIR money which helps grow the economy OR forcibly take their money away via taxes and let the Government piddle it away in that special way that only a bureaucratic quagmire can do.

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