Saturday, March 19, 2016

No Worries, Muchachos

The North Carolina Tea-Party legislature is bringing Mexican economics to America. Historically, in Mexico, relatively few families of mostly Spanish descent control everything.

Taxes on inheritance and capital gains are nothing or minimal and sales taxes are high, about 16%, so it's incredibly regressive. Tea Partiers, look it up: regressive. Sorry to use big words.

Of course, the position of the state's governing elite, who were bought on the cheap (at) by a discount chain called Rose's, is that it will somehow work out, as with all tax cuts.

Through a miracle and magical thinking cutting taxes on the rich benefits everyone and the overall economy and doesn't create deficits, a Republican perpetual motion machine.

And, if you believe in that...

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