Welcome Back, Foundations!

The number of “charitable foundations” has decreased significantly in recent years, especially since the tax cuts instituted by President Reagan and President Trump. Now Dumocrat fool Alexandria Ocasio-Cortez wants a top tax rate of 70% again. They were originally only used to mask income, so that they would not have to pay those “confiscatory taxes” imposed upon them by Dumocrats. Now the ones left are mostly used to mask foreign donations to politicians, a la Hillary Clinton. Dumocrats will never learn a simple fact: that REDUCING taxes caused more economic activity, and thus more taxable income, thereby causing an INCREASE in the “tax take.” This is borne out by history, in that, every time taxes are reduced, the “tax take” increases, along with the economic activity lower taxes generate. That’s SURE EVIDENCE, but Dumocrats deny it, continuing to say the rich “don’t pay their fair share” of taxes, when they pay MOST of the income taxes collected. Figures put out by none other than the IRS prove it. “Alex from duh Bronx” Ocasio-Cortez, when asked how she expects to pay for her “flights of fancy” like the government paying for all college tuition, or a minimum income for all Americans, working or not, or her other hair-brained socialist ideas, says, “Increase the maximum tax rate to 75 %.” Not knowing, in her abysmal ignorance that that will cause the “tax take” to go DOWN significantly. (Legal Insurrection)