If you were the owner of the fictional company Joe’s Widgets, making $300,000 a year, and your taxes were raised dramatically, which of the following would you do?
A. Just pay the higher taxes and thereby lower your standard of living.
B. Take whatever steps were required to offset the higher taxes. Raise your salary so your new after-tax income at least matches your current after-tax income.
If you answered A, you most likely are one of the socialists masquerading as a modern-day Democrat. You think people won’t take any actions to recover their lost income, and you think people will let the government tax them till they are blue in the face.
If you answered B, you have a grasp of basic economic principles. If you are running Joe’s Widgets, you will do what it takes to be successful, including raising prices on your widgets, cutting salaries and benefits and laying off employees. You won’t care because the people you are hurting by your actions are the very ones who, by their vote, want to punish you for your success.
You always get the government you vote for, and more important, you always get the government you deserve. For tens of millions of Americans who voted for President Obama, the realization of what they voted for is going to fall on them like a ton of bricks — and that’s exactly what they deserve.
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