Posted by
dr weeks on Monday, April 18, 2011 10:14:28 PM
"Raising taxes on the wealthy" makes for a good liberal campaign promise. I imagine it gives many that are not wealthy a warm, fuzzy, feel-good feeling to stick it to the wealthy because they have enough money. Democratic legislators are counting on the unknowing masses to feed on this liberal fallacy. It's what keeps millions locked into an entitlement state of mind that would otherwise allow many to become self-sufficient and get off the government dole. This dependency becomes the Democratic voter base when promoting the redistribution of wealth theory.
This reminds me of the movie "Back to the Future". "Hello, Hello, anybody home McFly (as he's being bopped on the head), Think! Think!"
Do you actually think that the wealthy are going to dig into their own pockets and come up with more money for taxes? No they're not! Companies will just raise the prices on goods and services as well as maybe decrease hiring and increase firing of employees. That is where the tax revenue will come from - you, the hard-working Americans in this country.
Why is there not more emphasis on controlling the spending? What is the thought process that allows politicians to spend our country into trillions of dollars of debt? Billions of American dollars sent overseas so that countries will be our "friends" (aid to foreign countries). Billions of dollars wasted on pork barrel spending (Pig Book) and let's not forget entitlement programs with little to no oversight.
Our expenditures have far surpassed our income. It is not a difficult concept and should be very easy to understand although difficult to except. We no longer have any money and are in exorbitant debt. Drastic measures are now necessary at the federal level as well as the state level to bring about a balanced budget throughout the country.
There is enough blame to go around from both sides of the aisle for how we got here. Maybe the American voter should be cast into that same net of blame, voting in the same financially irresponsible politicians squandering away the taxpayers money each and every election. We have now reached the point of having to contemplate raising the debt ceiling, the next big battle in Congress.
So here we are on tax day 2011. The current tax code is so inextricably complex that the majority of Americans require help, and pay for that help, when preparing their tax forms each year. Even the commissioner of the Internal Revenue Service, Douglas Shulmand admitted, "I find the tax code complex, so I use a preparer.” Treasury Secretary Timothy Geitner made mistakes when preparing his taxes and apologized to Congress.
It's time to dispense with the mantra of raising taxes on the wealthy. In the end we all pay for that mindset. Maybe it's time for a flat tax and level the playing field for all those that pay taxes.
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