Taxes are too high and government is too involved in our personal economic and business decisions. If we can succeed in substantially lowering taxes, this will unleash the capital that creates jobs and enables innovations that benefit everyone. This seems to be widely accepted, but consider that Americans now spend 184 days per year working for the government instead of for themselves and their families and ask yourself how widely accepted it really is. Working this much for the government is disgraceful. Given that savings and innovation are essential components of our prosperity, economic advancement will be stifled unless citizens keep more of their money for investment.
Many politicians mistake the value of a dollar of taxation for a dollar of private productivity.
They are lured into thinking that the government can make something more of that person s hard-earned dollar than can that person. But when a person pays taxes, he forgoes saving, investing or even spending that money on something else. Nothing new is added to the economy when the government uses that person s money for a project or program, and money for jobs and investment is actually taken out of the market by government spending. Again and again we can see the positive benefits of policies which spur savings and facilitate consumer choice. This can clearly be seen not just in our domestic policy but also where we have extended these principles to our relations with our neighbors.