Candace Owens on 50 Cent and Taxing The Rich!

Contact Your Elected Officials

All right guys, I was about to head to dinner but I decided to hop on my Live because I saw, I know I’m about 3 hours late, that 50 Cent basically just posted on his Instagram and Twitter, a couple of hours ago, that he’s voting for Trump and the reasons why. Quick little screenshot he put, of the tax rates that are going up in various states and what it would look like under Joe Biden, rather, which is something like 60% in New York, 62% in California. I mean, these numbers are insane, we’ve never seen them.

I really quickly want to just say something to defend 50 Cent, because, I am just seeing so much ignorance in his comments, from majority of black people saying they’re done with him, and it’s because he’s rich and he’s betrayed them. No, it’s because he’s smart and you’re not. Okay, and I’m going to explain to you, now, what you don’t understand about what he’s saying, because tax cuts are not for the rich and this is what, this is what happens, this lack of understanding is what happens when a school system gets washed of actual education. So instead of learning about taxes, and about tax revenue, and tax rates, and how it works, you guys are learning about Black Lives Matter and white privilege, and why you should be sad because you’re black, and how it hurts, and here’s your safe space. None of you are learning anything. You have no idea what you’re talking about. You are really, just give yourself an old-school no fives, okay. If you actually believe that Joe Biden is only going to raise taxes for people that are making more than $400,000, because what it shows is that you, you, you have to be extremely ignorant about economics, okay, just extremely ignorant about economics.

So first and foremost, there’s a packet that I want you to read, an essay by Thomas Sowell called Trickle Down Theory And Tax Cuts For The Rich. I have it somewhere behind me. I’m going to grab it in a second so you can go read it and understand what tax cuts for the rich actually means, because it’s the only thing that actually helps poor people with their taxes. Poor people pay less taxes, okay, when rich people pay less taxes. Let me explain to you how that works, okay.

Trickle Down Theory And Tax Cuts For The Rich

Trickle Down Theory and TAX CUTS FOR THE RICH By Thomas Sowell

We fight for and against not men and things as they are, but for and against the caricatures we make of them. ~ J.A. Schumpeter

At various times and places, particular individuals have argued that existing tax rates are so high that the government could collect more tax revenues if it lowered those tax rates, because the changed incentives would lead to more economic activity, resulting in more tax revenues out of rising incomes, even though the tax rate was lowered. This is clearly a testable hypothesis that people might argue for or against, on either empirical or analytical grounds. But that is seldom what happens.

“What actually followed the cuts in tax rates in the 1920s were rising output, rising employment to produce that output, rising incomes as a result and rising tax revenues for the government because of the rising incomes, even though the tax rates had been lowered. Another consequence was that people in higher income brackets not only paid a larger total amount of taxes, but a higher percentage of all taxes, after what have been called ‘tax cuts for the rich.'”

Sowell_TrickleDown_FINAL

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

AI is Now an Existential Threat

We now see evidence that artificial intelligence is an existential threat to our future. It is coming to take American jobs!

With or without

The mullahs of Iran have been at war with the West, particularly the US, for half a century and Iran is also the worldโ€™s foremost champion of terrorism.

Artificial Intelligence Equals Awful Iniquities

WSJ article โ€œAI is Learning to Escape Human Controlโ€ said in 79 of 100 trials, the o3 AI code systems edited their own code to prevent human shutdown!

VIDEO: Deranged Feminist vs. Mating Ducks in Epic Public Meltdown

A middle-aged white lady lib harasses mating ducks to โ€œstop it!โ€ because the rough sex they enjoy appears non-consensual on the part of the female.

RFK Jr. Slashes ALL U.S. Funding For Bill Gatesโ€™ Global โ€˜Vaccine Allianceโ€™

Robert F. Kennedy, Jr. recently pulled all U.S. government funding from Bill Gatesโ€™ Global โ€˜Vaccine Allianceโ€™ GAVI.

Nevada Seen as Case Study in Rapid Urban Sprawl Amid a Water Crisis

Nevadaโ€™s rapidly growing population has reached a critical intersection with the regionโ€™s worsening water crisis, according to experts.

US Streamlines Rule for Fining Illegal Immigrants, Will Issue Nearly $1,000 Daily Fines for Noncompliance

DHS and DOJ announced a new joint federal rule that streamlines the process of issuing fines for illegal immigrants, making it easier and more efficient.

Man Indicted on 12 Hate Crime Charges in Attack on Boulder Demonstration for Israeli Hostages

Boulder, CO man accused of hurling Molotov cocktails at demonstrators supporting Israeli hostages indicted by grand jury on 12 hate crime counts.

Newsom Signs California Budget Aimed at Addressing $12 Billion Deficit

Gov. Gavin Newsom signed California budget projected to close a $12 billion deficit through spending reductions on some of the stateโ€™s ongoing programs.

Termination of โ€˜Wasteful Contractsโ€™ Saves US Government $470 Million Last Week: DOGE

Over the past seven days, various government agencies have terminated 312 โ€œwasteful contractsโ€ with a ceiling value of $2.8 billion, the DOGE said.

Trump Says He Will Only Appoint Fed Chair Who Wants to Cut Interest Rates

President Trump said he may appoint someone who is more inclined to lower interest rates to succeed Federal Reserve Chair Jerome Powell.

Trump Says US Ending All Trade Talks With Canada

Trump posted he is ending โ€œallโ€ trade negotiations with Canada due to their plan to impose a digital services tax which affects U.S. tech companies.

White House Confirms US, China Have Reached Additional Trade Agreement

A White House official said the United States and China have reached an additional agreement as trade talks between the two nations continue.
spot_img

Related Articles