Thursday, June 15, 2006

Tax Cuts

Conservatives continue to tell us and pass laws that tax cuts are in the best interest of the USA.
I disagree. They did not work in the 80's and we can look forward to tax increases from the next three presidents to turn the tide on runaway deficits. ( to many recent tax cuts)
What interested me was a report on the Philippines. Not to long ago it was the second richest nation in SE Asia, right behind Japan. It is now one of the poorest. How did this happen? The tax rate was at 17% and is now 12%. There is not enough government income to take care of Government buildings or to keep the gutters clean of garbage. Obviously there is not enough money to provide the services that we expect. Conservatives have argued that by lowering taxes economies would grow and tax revenue would increase. The Philippines shows that arguement is incorrect. ( Where is all the new businesses? Somewhere where government is effective.)
Many people in the Philippines do not pay their taxes at all and there is corruption in the tax system. With the new tax cuts in the USA many rich people no longer have to pay taxes and only the rich can use and abuse the tax loopholes that are provided for their benefit.
Conservatives feel that taxes is their money spent unwisely on others. They would like to have all of their taxes returned to them and to hell with the government and everyone else. That is of course unless they are on the public dole. Then they only want programs cut that do not affect them. This leads me to believe that the rise of Conservatism coincided with the "me" generation.
At some point in time responsible citizens grow up and realize that they are not alone here in this country and providing needed services improves the life of all. (Even those that never collect a nickel).

2 comments:

Citisucks said...

Ralph Nadar proposed a very good plan in which the ultra-rich would be taxed a higher percentage than they are now. Due to the ridiculous amount of money they steal from the rest of us, it would only be a small chunk of change missing to them but a fortune to the rest of us. The average person would not have to be taxed at all. Unfortunetly though people are still wasting their votes on Democrats (and Republicans) instead of voting for Nadar and the Green Party which is the largest party that actually serves their interests.

Stardust said...

Unfortunetly though people are still wasting their votes on Democrats (and Republicans) instead of voting for Nadar and the Green Party which is the largest party that actually serves their interests.

I am a registered Independent though I have voted for the democrats in the past few elections feeling like I have to vote for the "lesser of two evils". I hate being forced to vote that way. And my voting for the lesser of two evils didn't even work so next time! I am voting for the candidate *I* feel is the best in future elections, whatever party that might be like I had done years ago.