Monday, October 20, 2008

TAX THE RICH IS NOT THE ONLY REVENUE SOLUTION

It is distressing that panels of 'experts' are media people and not the people who actually do the jobs. On George Stephanoloulos today, the panel was made up of David Gurgen,
Donna Brazile, George Will, Tom Friedman, and Newt Gingrich. Listening to them talk today made clear they seemed limited to thinking the only way to raise revenue was to tax people. They felt that additionally to taxing the rich, all people should be taxed and could not see that taxing the poor is not necessary. There are so many other ways to augment the monies coming into the national coffers. It is beyond my comprehension that these discussions are limited to funds coming, seemingly, only from taxing 'the rich' as they hear Obama's plan. While we have so many of our companies with 'offshore' offices, we are losing taxes from people who essentially have American businesses and are escaping tax payments while this Administration has been taking those monies from the lives of the poor and middle class.

If talk shows were really thinking of the information they share, why would they not think to have people already in government and working on economics, already in the salt mines, or economists like Krugman (recent Novel prize winner), Ben Bernanke, discussing those issues? We have sales tax, fuel tax, phone tax, utility tax, luxury tax, and the list is interminable. It is possible to reduce the needs for income by a more efficient government crew and workers. Let ALL government workers do their jobs after they have proven they are equipped for them.

There seems to have been a certain blindness in this administration for not seeing that revenue was lost with every business that failed in the US, while encouraging many companies to leave the US and move their tax responsibilities away from the USA. We need more creativity and fairness in government. We need appointments made for only qualified people, not by political favor, nor nepotism.

Lastly, the whole taxing system needs to be rewritten and rethought. The Apocalypse will get to us before that is done, I believe. though it would seem someone might see the necessity as if has been spoken of for years..

No comments: