TAXES: It's all about spending
All this talk of taxes and the rich vs. the poor is just barking at the wind. It is meaningless. Half the people in this country do not pay federal tax. Stating that the Bush tax cuts gave cuts to the rich is half the sentence; it gave cuts to all who pay tax.
The real killer is spending. The government is adding over a trillion dollars to the debt each year by spending. If the rich were taxed at 100 percent, it would be a drop in the ocean, say nothing of destroying the economy and assisting the other half who do not pay taxes.
The government doesn’t have its own money, what it collects from taxpayers it gobbles up like an insatiable monster. Before tax dollars ever get to the intended purpose, the government subjects it high priced bureaucrats, expense accounts, fraud, waste, parties and conventions, Hawaiian vacations, pensions as large as the salary was, millions in bonuses, (in the real world the incentive to do good work is continued employment) and hypocritically, airplane travel and a waiver from Obama care. The government runs nothing efficiently.
Taxes take money out of circulation and weakens the economy. The more jobs the people have, the more tax is collected. We learned that in school. Government spending does not get us out of a recession, just deeper in debt.
The interest on the debt is fast approaching the size of the military budget. Too much of our nations income is going to feed that debt.
Our nation is in serious trouble.
It is like the first credit card. It is fun to get new things, but when you go past your ability to pay, the credit card gets cut off. Going back to your pre-credit card lifestyle —- not so fun. Our nation has had no one to cut off our credit card. We need to make some painful changes now before it becomes necessary to make the excruciating ones later.
OSA MALLORY
Coeur d’Alene