Rhinoceros Times, Under the hammer, John Hammer, Bush tax cuts, Media bias, November 18, 2010

Rhinoceros Times, Under the hammer, John Hammer, Bush tax cuts, Media bias, November 18, 2010

One of my favorite publications in NC is the Rhinoceros Times, published weekly, and one of my favorite writers is John Hammer, the author of “Under the Hammer” and Editor in Chief. John Hammer has been exposing much of the truth about Obama for years when the big city mainstream media outlets were giving Obama a free pass. 

From John Hammer, November 18, 2010.
“The bias of the mainstream media is so pervasive that sometimes it’s hard to see the forest for the trees. In writing about the proposed tax cuts and ending some tax deductions, the mainstream media will invariably write, for instance, about “how much revenue the government will lose if the Bush tax cuts are extended.” The government will not lose a dime if the Bush tax cuts are extended because it isn’t the government’s money. The money belongs to the people who earned it.

Day after day I read articles that treat every tax as if that were the government’s money, and if anything changes then the government loses some of its money. That just isn’t the case. It isn’t the government’s money until the government forcibly takes it from its citizens.

You almost never read about how much the average citizen would gain from a change in tax policy, only how much of its money the government might lose.

Also the mainstream media has forgotten something that former Presidents Ronald Wilson Reagan and John Fitzgerald Kennedy both knew, and that is that tax cuts can stimulate the economy so the government ends up with more revenue from a tax cut than it would have received from a tax increase. When a citizen doesn’t have a chance of benefitting from his work, it is difficult to convince that person they should be working harder.

However, when a citizen actually gets to take more of his own money home, he is apt to work harder and make more money, in the end paying more taxes.”

Read more:

http://greensboro.rhinotimes.com/Articles-c-2010-11-18-206504.112113-Under-the-Hammer.html

Thanks John. It is reassuring to know that someone else writing in North Carolina has some damn sense.