gunnessFan, you’re missing the point I was making, so here it is in a nut shell. We’re tired of all your wining, stop bashing people that are out of office or dead and do something productive like offering-up some ideas that just might lead to some real solutions, like getting rid of tax lop holes. Maybe we should talk about a flat tax system again or at the very least a major reform of the tax code.
EwaKane presents the typical argument from the extreme left, huge on name calling, mud throwing and ideology but short on detailed solutions. I suggest you take a lesson from several ancient and enlightened clutters. Don’t waste a mans time criticizing unless you can present him with well thought out solutions.
Mr. Johnston does a wonderful job of weaving half truths into a fan so he can fan his hot air on the flames of class warfare. However, the facts are these: during Reagan, Clinton and half of Bush’s term, lower taxes worked, the economy grew at a never before seen rate and people across all economic classes prospered. What’s happening now started in 2007 when the libs took control of both houses of congress. That was the start of unchecked government growth and yeah, the size of government is so big now that the current revenue stream can’t support it.
As Mr. Johnston alluded to, we’re one of the highest taxed societies in the world “. We don’t have a revenue problem -we have a spending problem. Our government is too big and inefficient to work under any kind of taxation. The reason for that is, its growth is self perpetrating- the more inefficiencies and mistakes it makes, the more mistake ridden departments we layer on to oversee the inefficiencies and mistakes ….so, it never really gets better just bigger. Get the size of government back in balance with our GDP and that would be a huge step toward fiscal responsibility.
The other thing that Mr. Johnston fails to talk about, because it would blow his class warfare strategy right out of the water is, U.S. Fiduciary Law. These laws require companies, financial institutions and tax advisers to take advantage of every benefit under our tax codes, banking and securities exchange laws. If they don’t, they can and have been held personally responsible by shareholders. The people that are really at the heart of the problem is our Congress. If you didn’t raise or lower taxes by one penny but cleaned up all the loopholes in our tax code, revenue would grow at a greater rate than any tax increase that would be tolerated by tax payers.
Speaking of what tax payers will tolerate, as Mr. Johnston mentioned, Reagan lowered taxes and revenue grew. Several other things happened too; first, companies started re-investing back into this economy and secondly, dollars that somehow found their way out of the country came back. Companies moved their headquarter back to the U.S. as did many millionaires who moved their primary residency back too (look at Oregon’s example- when they raised taxes on millionaires, their revenue went down, because millionaires have the resources to move where they want.. it’s like killing the goose with the golden eggs).
So for every politician that points their ugly little finger at Millionaires and Wall Street as the root of all our problems, there are three fingers pointing back at them and rightfully so.
Last login: Friday, April 15, 2011
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