Joe Nocera Is Wrong, Mitt Romney's Tax Rate Should Be Zero
Holy shit. This asswipe is actually arguing that rich people shouldn't pay taxes at all. It says a lot that this kind of tripe is published anywhere.
With their non-stop utterance of “create new jobs”, politicians and their enablers in the commentariat seemingly suffer from a verbal form of Tourette’s. Though both professions are almost to a man oblivious to the truth that the quickest path to slow job creation lies in attempts to create them, we can at least say their hearts are in the right place.
Back in the real world, logic and empirical reality tell us that the best way to create jobs is to ruthlessly destroy them. Producing more with less in the way of human labor input is the definition of productivity, productivity begets profits, and profits attract investment for expansion which leads to – yes – the creation of new jobs.
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All of which brings us to a recent column by New York Times columnist Joe Nocera about Mitt Romney’s tax rate. Overly emotional and horrified by the wealth gap, Nocera predictably dislikes the allegedly low rate of taxation paid by the GOP presidential nominee.
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Back to Romney, rather than complaining that he “only” paid millions to the capital destroying federal government at a rate of 14%, we should be horrified that the job-worshipping political class and commentariat thinks his rate too low. If they love innovation and jobs, they must once again love investment, in which case Romney’s tax rate is way too high. It should be zero.
http://www.forbes.com/sites/johntamny/2012/09/30/joe-nocera-is-wrong-mitt-romneys-tax-rate-should-be-zero/
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