I am sick to death of all the focus on bloody tax cuts! Obviously, if i was earning the kind of money that the top 1% of America earns my views might be a little different since I'd be looking at millions upon millions of saving from a President McCain over a President Obama. But I do not make millions of dollars. I do not make hundreds of thousands or even a hundred thousand. So my potential "tax cut" (read unpaved roads and collapsing bridges) is likely to be a modest sum no matter who is elected. What's amazing is that this puts me in the same boat as most Americans but for some reason this great majority of the country is so easily motivated by a few hundred to a few thousand dollars that they'd give up countless investments towards their and their children's health and education, for a new Chinese TV from Wal-mart.
Let's be honest, things like the Economic Stimulus package that dropped 600-1200 bucks in the laps of all American workers was not a stimulus to the American economy but rather, a giant hand-out to the Chinese economy that produces all the crap Americans spent their checks on. The same goes for tax cuts for the vast majority of Americans. We don't need a $600 check because a $600, or even a $6000 check is not going to mean the difference between sinking and swimming in this day and age. On the other hand, taking that money and investing it into our communities, whether it be through infrastructure improvements like roads and bridges, or hiring more teachers, or creating after-school programs would all create jobs here in America and improve the standard of living of the country as a whole.
What's the point of chanting some assinine phrase like "united we stand" if at the same time we are unwilling to help our fellow countrymen. What possible excuses can we make for America's embarssingly poor statistics on infant mortality? How can we the majority sit back and say "thank you" for a thousand dollar tax cut while people like Richard Fuld of Lehman Brothers receive millions?
Someone once asked me why not have a flat tax? Why should you be taxed at a higher rate just because you earn more? Well so far my best reasoning behind progressive taxes are the following:
1) The rich have far more control over how tax dollars are spent
This may come as a surprise to some people who have never watched the news or read an article, but the rich of this country have a far louder voice than the poor in determining how the nation's treasury is spent. Not only is a $200,000/year salary seen as poor by Senate standards but the rich, through expensive fundraisers and the lobbying system have a framework to get their concerns voiced in Washington with a far greater level of efficacy than anyone earning the nation's median income.
2) The rich benefit to far greater extent from the nations spending
Since they have more control over how the country spends its money it is little surprise that they benefit from that spending to a greater degree than average citizens. Owners of large corporations can lobby politicians to receive government contracts and subsidies. American corporations benefit greatly from America's presence overseas as they gain access to new markets and consumers. Were it not for America's military superiority (an enormous amount of our annual spending) American corporations would not be able to set up shop so freely throughout the world and rake in so many profits.
These are just 2 reasons for maintaining the progressive tax structure but there are many more. For these reasons I am asking the American people to please stop voting based on a tax cut. It's not helping you. The American people have received more tax cuts over the last 8 years than they did in the previous 8. What has happened in that time? The national debt has balooned from $5 trillion to "ten toushand billion" dollars as the British would say. The economy is in crisis and people are feeling poorer than they have in ages. STOP ASKING FOR TAX CUTS! THEY AREN'T HELPING! The only people who benefit from tax cuts are those making hundreds of thousands of dollars or more. Are you?
Just an afterthought:ReplyDelete
I've been hearing FoxNews echoing this notion that the worst thing about Obama's plan is that he is giving a tax cut to 95% of the nation's families, but they argue that 40% of the country does not pay any income taxes so he is essentially giving them welfare at Sean Hannity's expense. These are people typically making less than $30,000 a year with dependent children. They are hard working people who earn far too little money to support themselves thanks to the stagnation of real wages in this country. I know Sean and his friends at FNC want to pretend that they are fighting for the 'folks' but to attack single mothers trying to make ends meet is pretty low, even for Sean.