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Sunday

12

July 2009

The Government's Cut

Written by , Posted in Taxes

While in Ghana, President Barack Obama had this to say:

No country is going to create wealth if its leaders exploit the economy to enrich themselves — (applause) — or if police — if police can be bought off by drug traffickers. (Applause.) No business wants to invest in a place where the government skims 20 percent off the top — (applause) — or the head of the Port Authority is corrupt. No person wants to live in a society where the rule of law gives way to the rule of brutality and bribery.

I’m sure the businesses right here in America would love it if the United States government could limit itself to only taking 20% off the top.