On Wednesday’s episode of “The Michael Knowles Show,” Knowles talks about a new Bureau of Labor Statistics Survey that shows that American Consumer Units are spending more on taxes than they are on food, clothing, and healthcare combined. Video and partial transcript below:
Democrats are now, eventually, going to be running on “we are going to raise your taxes.” The more honest voices on the Left are already saying this; they’re going to force the more dishonest ones to say it too. But this comes as a new survey from the Bureau of Labor Statistics shows [that] Americans are way, way overtaxed. So Americans, on average, are spending more on taxes than they are on food, clothing, and health care combined.
You can even see the numbers. American Consumer Units spent, on average, $9,031.93 on federal income taxes; they spent a little over $5,000 on Social Security taxes, almost $2,300 on state and local income taxes, $2,200 on property taxes, and $78 on other taxes. They’ll tax you coming and going; that’s what the Tax Man does.
This brings, for the average [American Consumer Unit], $18,670.93 total in taxes. Now, the average American Consumer Unit, while they were paying these taxes, they were also spending nearly $8,000 dollars on food, $5,000 on healthcare, $1,866 on payroll and services. That brings it to $14,758.11 in total. Almost $4,000 more on taxes than on food, clothing, and health care.
It’s too much, it’s too much. You know the Left and kind of the new Right, new conservatives, and the center — they would always mock the conservative movement in the 60s and 70s and 80s and 90s [saying all] they cared about was low taxes, and people don’t get all that excited about low taxes, and it’s a little too wonk-ish and rationalist.
Low taxes are about so much more than just taxes — taxes represent your labor. Taxes represent your time, taxes represent your freedom of choice. Taxes represents your control over your own life and your own destiny. Money is a symbol, okay. A dollar, or the dollar bill, isn’t intrinsically worth something. It’s worth something because of what it says about the economy, about the country, about your time, about your work. If people are spending so much more on their taxes than they are on basic necessities, that’s not a great sign.
I mean, you could be taxed 40%. I have friends who are taxed at 50% effectively, and that’s not even taking into account sales taxes and all the other little taxes that people get you on. That’s too much. That’s way, way too much. God takes 10%. The mob takes 10%. There is no reason for the government to be taking 40% or 50% of your money home.