Friday, October 24, 2008

Tax cuts for the rich

Ok, I am not for giving big business big tax breaks and goody packages from the government. However, I would like to know just how taxing anyone in any tax bracket helps ….me.

Selfish isn’t it? But isn’t this the point? I am a stay-at-home mom in a one income family. My hubby makes just under the national average income, so we are by no means rich. In fact we have a lot of times of struggle compared to every two income family I know.

So how is taking money from my hubby’s employer- and other employers- going to help me, Jane Average, afford clothes for my children or repairs on our home or our cars, or anything else we just don’t have the money for?

Will taxing the “rich” create any new jobs? I mean besides all the accountants that will be needed to find loop holes so businesses don’t go under. (My hubby isn’t an accountant; he’s middle management.) Won’t help us. Will it give him a raise? How exactly will it help Joe Blow Working-Man?

It won’t.

It will take money my hubby’s boss could give him in a raise or use to hire him his help back and give it to a government bureaucrat.

Gee, maybe welfare payments will go up, you think? Just what I always wanted

The whole “tax the rich” idea is based on the idea that wealth is finite. There is only so much wealth in the world so if Bill Gates is rich, obviously no one else can be because he has all the money. This view is plain and simply Class Hatred and ugly ole’ envy.

Wealth is infinite. There is no reason on earth we can’t all be as rich as Bill Gates. When we choose to work hard and be wise with our money and reinvest in the economy we are CREATING wealth. My hubby’s boss being well off in no way prevents us from investing and working hard and making our own money…if we are willing to work that hard.

The average millionaire in America owns his own business, works sixty hours per week, lives in a middle or upper middle class neighborhood, and owns at least one car that is more than ten years old (and not a “classic,” either). This is the “big Bad Guy” that so many want to tax.

Fact: neither party is going to raise taxes on the mega companies. Though they are highly visible, they simply don’t own enough to make it worth while. The real wealth lies with the working man; from the above described millionaire to hubby and me.

Actually, I believe we should cut EVERYBODY’S taxes. First, lets get rid of the unconstitutional and unbiblical government departments; education, housing, FDA, finance, farm bailouts, business bailouts, charity of all kinds, etc.

Our Founding Fathers said the Federal Government was to run an army, control immigration, control (and tax) imports, and control interstate commerce. They are permitted to do very little else. Imagine, instead of paying the 40% we all pay in known and unknown taxes, we could pay NO taxes and let the fees on imports take care of government expenses! This is what our Founding Fathers wanted. They actually wrote in the constitution that income tax for ANYONE (but the states as separate entities) was illegal.

The fact is we have traded our freedoms for a “bowl of beans.” We have agreed to pay income tax and to have our employers pay taxes and to pay all sorts of hidden taxes in exchange for a bunch of government goodies: unemployment insurance, disability, “free” education, welfare, Medicaid, Social Security, business bailouts, and now- bank bailouts.

What did people do before all these goody programs? They saved 15% of every paycheck for a “rainy day.” What is a rainy day? Unemployment, disability, the barn burning down, daughter getting married, retirement…

If life ate up someone’s savings, family, the church and the community would jump in to help- willingly- because they knew it wasn’t their fault. It was just life. Our current system has destroyed this type of community and there is no way to get it back without kicking the intruder- government- out.

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