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Reuters Thinks Going From 100% to 35% Tax Rate Will Be a Burden for Cubans
NewsBusters ^ | November 29, 2012 | P.J. Gladnick

Posted on 11/29/2012 5:31:34 AM PST by PJ-Comix

Reuters somehow can't recognize a 100% tax rate even when it is right under their noses in their own article. Reporter Marc Frank apparently thinks that going to a 35% tax rate would somehow be more of a burden for Cubans than their current tax rate which is 100%. Frank even wrote about the 100% tax rate but absurdly didn't recognize the fact that total confiscation of revenue is the same thing:

Under the old system, large and small state-run companies, which accounted for more than 90 percent of economic activity, simply handed over all their revenues to the government, which then allocated resources to them.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Politics/Elections
KEYWORDS: cuba; reuters; taxes
A 100% tax rate would be the desire of not a few Democrats.
1 posted on 11/29/2012 5:31:40 AM PST by PJ-Comix
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To: PJ-Comix

They know it. It’s just that they want 100% communism, where all the means of production, and all property is in the hands of the collectivity. You don’t work for yourself. You work for the government which pays you what it wants to.

The USA is rapidly moving towards that. Even though it has failed everywhere, the democrat party wants it here.


2 posted on 11/29/2012 5:40:57 AM PST by I want the USA back
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To: I want the USA back

It turns out that this Reuters reporter was once a reporter for People’s Daily World, a communist publication. The blog has been updated to reflect this.


3 posted on 11/29/2012 5:56:22 AM PST by PJ-Comix (Beware the Rip in the Space/Time Continuum)
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To: I want the USA back

In my opinion, we are already there. Take an inventory of all the people you know. How many work directly for the government, how many work for a company that relies on the government (contracts, grants, etc) for its income? How many don’t rely on the government at all? I have a conservative family, and have mostly conservative friends. I counted TWO out of TEN families in that group that do not rely on the government, and those two just retired.


4 posted on 11/29/2012 6:31:04 AM PST by larryholycow
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To: PJ-Comix
A 100% tax rate would be the desire of not a few Democrats.

Barack Hussein Obama Sr. is on record as an advocate of the 100% tax rate.
5 posted on 11/29/2012 9:05:17 AM PST by Colinsky
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