Hillary Clinton is busy pandering to lower income Americans by claiming that she will raise taxes on the wealthy and cut corporate loopholes and make businesses pay their share of taxes.
If Hillary is elected and manages to do what she claims, millions of Americans will find themselves jobless causing another recession and possibly even a depression.
First ask yourself who owns many of the large companies that employ millions of Americans? In many cases, it’s the wealthy.
Next ask yourself why so many companies have tax breaks in the first place? Simple, without the tax breaks, many of them could not turn a profit and stay in business.
Also consider the fact that Hillary wants to increase the estate tax on the wealthy to 65% of their estate. If a large part of a wealthy person’s estate is a large corporation, the family would be forced to sell or close the corporation in order to pay the massive estate taxes. Such a measure could also end up costing many Americans their jobs or drastic cuts in their hours and benefits.
Finally, ask yourself what happens if companies are forced to pay their share of taxes? Again, the answer is simple, many companies will be forced to downsize, cut employee hours or even close their doors, all of which will cost more Americans their jobs or income. Many businesses operate on a very small and tight profit margin, often less than 2%. If forced to pay more in taxes, that cuts into that narrow profit margin and will put some companies in the red. Businesses are not like the federal government that continually operates in the red, they have to turn a profit or take measures such as reducing hours, the number of employees or their benefits in order to bring them back into the black. The profit margin is so narrow on so many companies, that we’ve already seen downsizing of large retail companies, reductions in employee hours to avoid paying for benefits and the reduction of employees in general. Some companies have already closed their doors, leaving their workers in the unemployment lines.
We’ve already seen hundreds of thousands of Americans have their work hours cut from 40 hours a week to less than 30 hours due to Obamacare. That’s at least a 25% cut in pay. Can you survive with a 25% cut in pay? I know I couldn’t.
You don’t have to hold a doctorate degree in economics to realize that Clinton’s plans will be devastating to millions of Americans and the nation’s economy. Her purely socialist ideas will further destroy our nation and what made America great.
Under four years of a Hillary Clinton presidency, the United States could be worse off than Greece which has been struggling with high unemployment, inflation and debt. A Clinton presidency could throw America into a depression similar to that of the Great Depression in the 1920s and 1930s. You could see Americans standing in bread lines once again as we did so long ago.