In Pakistan, political leaders fully grasp the unassailable truth as preached by Mitch McConnel and the GOP: tax cuts (or lack of taxes) pay for themselves, when you cut taxes (or don’t collect them in the first place) you create jobs and that if you simply funnel money to the elites, the real enginges of the economy, the benefits will be shared by all. Rich people create jobs! Added Bonus: Unlike America under ObaMao, none of the Pakistani giants of the creative class have gone Galt:
Much of Pakistan’s capital city looks like a rich Los Angeles suburb. Shiny sport utility vehicles purr down gated driveways. Elegant multistory homes are tended by servants. Laundry is never hung out to dry.
…Very few of these households pay income tax. That is mostly because the politicians who make the rules are also the country’s richest citizens, and are skilled at finding ways to exempt themselves. […]
Though the authorities have tried to expand the net in recent years, taxing profits from the stock market and real estate, entire swaths of the economy, like agriculture, a major moneymaker for the elite, remain untaxed.[…]
While Pakistan’s income from taxes last year was the lowest in the country’s history, according to Zafar ul-Majeed, a senior official in the Federal Board of Revenue, the assets of current members of Parliament nearly doubled from those of members of the previous Parliament, the institute study found. […]
Out of more than 170 million Pakistanis, fewer than 2 percent pay income tax, making Pakistan’s revenue from taxes among the lowest in the world, a notch below Sierra Leone’s as a ratio of tax to gross domestic product.
By Saint Reagan’s ghost, is there any doubt that Pakistan’s productive class, unfettered by taxes, is free to strike their globe-straddling poses in full libertarian regalia, molding wonderment with their copious amounts of untaxed money – selflessly allowing second-hand benefits to trickle down the benighted masses who would be lost without their stewardship…what?…oh, wait:
[I]n Pakistan, the lack of a workable tax system feeds something more menacing: a festering inequality in Pakistani society, where the wealth of its most powerful members is never redistributed or put to use for public good. That is creating conditions that have helped spread an insurgency that is tormenting the country and complicating American policy in the region.