Monday, May 02, 2016

The folly of paying less taxes

Many voters who support the Republicans in America are quite stupid. Their politicians promised them that they will cut taxes for the middle income families. They fall for the line.

These families do not realize that they save $5,000 in taxes but the high income earners save 10 to 100 times of this amount.

As the government does not collect sufficient tax revenue, they have to cut back on health, education, welfare and public services. The middle income families have to pay charges for these services. They end up paying several times more than the taxes that they "saved".

The middle income families fall for this trick presented to them by the politicians who look after the interest of the super rich.

Many working families in Singapore also fall for the same trick. They think that it is a good idea to pay less tax, but did not realize that they have to pay more for public services.

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