
<p class="wp-block-paragraph">In attempting to pass both the bipartisan Infrastructure Bill – the one that deals with real infrastructure and the so-called “human infrastructure” bill – that is really a huge welfare program – the Democrats are relying on the ignorance of the public. ; They are fueling that ignorance by lying about the legislation – the cost, the purpose, and the ultimate impact.</p>



<p class="wp-block-paragraph">President Biden brags that his huge expenditure legislation will be completely paid for. ; The costs are all covered by what they claim are taxes on the super-rich and corporations. ; Not true.</p>



<p class="wp-block-paragraph">The first thing to understand is that all the White House projections will be wrong. ; The costs associated with the various programs will be higher than projected and the income from the various tax schemes will be less than projected. ; We know that because that is virtually always the case.</p>



<p class="wp-block-paragraph">Sticking it to the wealthy is a good political ploy &#8212; playing into class warfare. ; I have long been a proponent of closing many of the loopholes used by wealthy people to minimize their personal tax liability. ; I have been of fan of magazine publisher Steve Forbes’ flat tax that fix a rate for all taxpayers with very few deductions. ; Unfortunately, what Democrats do not admit in their calculations is that even the rich do not have enough wealth to put a dent in the federal budget, the deficit, and the National Debt – much less pay for Biden’s crazy legislation.</p>



<p class="wp-block-paragraph">Democrats then go after the corporations – demanding they pay their “fair share.” ; What they do not tell the public is that corporations never pay taxes. ; The tax is treated like any other expense and passed on to the consumer.</p>



<p class="wp-block-paragraph">The public seems to know that when there is a tax added to gasoline, the price at the pump goes up. ; So, why does the public fall for the nonsense that the corporations and businesses pay those other taxes? ; They are merely the transfer point – taking the money from the customers and sending it to the government.</p>



<p class="wp-block-paragraph">The public well understands that corporations withhold the tax money owed by employees and send it on to the government. ; The public understands that the sales tax that is charged at the point-of-purchase is collected by the business and sent on to the government. ; Corporations collect the Social Security tax from employees – and then pays its portion – and BOTH are put on the expense side of the balance sheet and paid by …  ; yep … the customer.</p>



<p class="wp-block-paragraph">Biden and his Democrat flimflammers say that the $3.5 trillion … or the $6 trillion … cost of the Reconciliation Bill will not be put on the middle and lower classes. ; Really?</p>



<p class="wp-block-paragraph">The non-partisan Congressional Joint Committee on Taxation has determined that the middle and lower classes will bear TWO-THIRDS of the tax burden for the Biden legislation. ; And the liberal-leaning Tax Policy Center calculates that the middle class will bear 70 PERCENT of the tax burden.</p>



<p class="wp-block-paragraph">They both arrive at that figure by including what the consumers will pay when they purchase goods and services from corporations and businesses. ; They understand that corporations only pass the cost of the tax onto the consumer.</p>



<p class="wp-block-paragraph">The worst part of this indirect tax is not just that it is a fooler for much of the public, but it is a regressive tax that hits hardest on the folks with the lowest incomes. ; It is the opposite of “soaking the rich.”</p>



<p class="wp-block-paragraph">When the scam of corporate taxation was brought to the attention of White House Press Secretary Jen Psaki, she called the information “unfair, absurd … the people will not stand for that” &#8212; “that” being the corporations passing the tax onto the consumer. ; ;</p>



<p class="wp-block-paragraph">Of course, the people have no ability to force corporations to absorb the tax – and no corporation can survive if it cannot incorporate ALL expenses into the balance sheet. ; Some businesses may not immediately increase prices as a means of gaining a short-term competitive advantage. ; But they will be in the cost structure soon enough.</p>



<p class="wp-block-paragraph">Over the course of the past 50 years, I have frequently written about the fallacy of corporate tax. ; It amazes me that so much of the public does not get it. ; And Democrats take advantage of that ignorance and reinforce it. ; ;</p>



<p class="wp-block-paragraph">If you want to support the Democrat’s over-the-top tax and spend policies, that is your right. ; If it satisfies you to tax the bejeezus out of the business community, that is your right. ; Just do not be stupid and believe that YOU are not paying the tax.</p>



<p class="wp-block-paragraph">So, there ‘tis.</p>

Democrats relying on public ignorance
