Media's opposition to tax cuts misses the point

NY Times:

Trump Could Save Tens of Millions of Dollars Under His Proposed Tax Plan

President Trump would benefit from his proposed repeal of the Alternative Minimum Tax and a reduction in other tax rates.
This is absolutely meanless without context.  The top 10 percent of earners in the US pay 70 percent of all income taxes.   One could argue that they are paying more than their fair share.  But it is ridiculous to focus on the fact that those paying 70 percent of the income taxes benefit the most from tax cuts.

That is just left wing class hatred that has nothing to do with the economic benefit of allowing these earners to spend their money some way other than supporting Democrat vote buy schemes.  If they are allowed to buy yachts, that creates and saves jobs.  If they want to buy custom furniture, that also creates jobs and results in those who have those jobs paying taxes too.

If they want to invest in expanding their business that is also better for the economy than government stimulus programs which are wasted on boondoggles like Solyndra.  If they want to build high-rise buildings to house people and businesses that is also a benefit to the economy.


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