Monday, May 18, 2009

Simplicity and its folly

It seems that the "super rich" are villified because, well, they make more money than us, and they ship $50/hr jobs overseas to places where people make $50/month.  Therefore, it is reasoned by some, we should punish them by taxing the bejeebers out of them.  Hmmm.  Be successful, make good decisions that help people in the 3rd world (who would otherwise be making $20/month), compete in a global economy, have your corporation taxed at 38%, then be forced to give 45% of your income to FEDERAL taxes; the state and locale in which you live wants to tack on another 15% in taxes (licenses, fees, duties, etc.), ringing up a staggering 60% of all you earn going to one form of government or another -- working the first 3 days of every week for the government and reaping only 2 days worth of effor for your self...

I do not care what income you make, the above scenario is simply wrong.  It is oppression through taxation.  It is punishing success.  AND the rest of us are not far behind!  The aggregate totals for the average Americans show that the governments in our lives take 45% of all we earn!  One quarter of this tax haul is earmarked for wealth redistribution -- taken from YOUR family and given to others!

Why do jobs go overseas?  Is it so the rich can become the super rich?  How about a corporate tax rate that is twice as high as competing nations?  How about the value of a company's stock, which affects the retirement income of the great and small alike?  How about unions that elevate wages of unskilled laborers to levels that exceed college graduates -- even some of whom have very technical degrees!  In doing so, they themselves help drive companies to other borders.  How about the fact that the reduction in costs mean lower consumer prices for everyone, which allows the consumer to either keep more money in their pocket or buy more goods?

Learn the lesson of 1984: give society a singular enemy on which to focus, and they will do anything and let you do anything to achieve victory.  This is how "sound-bite, one issue" politics work...oh yeah, lest you forget, only wage-earners and consumers pay taxes, everyone else coordinates the collection...

No comments:

Post a Comment