Letter: The more we’re taxed, the more is wasted

Monday, July 9, 2007 | 7:12 a.m.

In a July 7 letter to the editor, Andrew Barbano tries to make the argument that corporations do pay taxes. He sums up his argument by stating that "the assumption that all corporate costs are passed on to consumers is just untrue." He then concludes that due to circumstances, sometimes "the corporation simply takes a smaller profit."

Even if this is the case in a given instance, how does he figure this is not a taxation on people? Do corporations lock away their profits in a vault somewhere never to be seen again? No, they pay wages, dividends, reinvest, etc.

Even if he wishes to use the typical leftist class warfare argument and say it will only come out of the pockets of the CEO, that is still a person. Nowhere in the initial argument he is trying to dispel does the argument say that the only way a tax on a corporation gets passed onto people is through higher prices.

Ultimately when the government taxes, it takes away from the private sector (read: people) and puts it into the hands of politicians. In some cases, such as roads and other infrastructure, this is a good thing. In other cases, such as earmarks and pet projects, this is not a good thing.

The sooner people accept this and reject the class warfare arguments of the left, the better off we will all be. Medical advancement, technological change and private sector innovation have driven America to be the most prosperous nation in the history of man; all excessive taxation does is take money out of the hands of those driving these things and put it into the hands of wasteful politicians.

Michael Moesch, Las Vegas