Wednesday, August 8, 2012

Tax breaks aren't about the money



Tax breaks are NOT about the money……


They are about the power.  

I'm going to let you in on a little secret that some of you may or may not be familiar with.  Taxes are more about power than they are about money. As the government takes an increasingly larger chunk of your take-home pay, they take more and more of your freedom to spend and invest your hard earned money the way you see best fit. Their power over you increases. They now have more power while you have less.  

Now tax breaks are for ALL working Americans.  Rich and poor, young and old, black and white, men and women, tall and short, fat and thin.  History has shown that when the government takes a trillion dollars in taxes, they have a trillion dollars.  But when the private sector gets a trillion dollars of their own money back in tax cuts, their spending and investing actually yields MORE than one trillion dollars in tax revenue back to the government.  The Bush 43 administration alone projected some 2 trillion in tax revenues after the Bush tax cuts but the government actually yielded some 4.5 trillion! Over twice the projection. Yay private sector!

The private sector historically gets a better growth rate on its invested money than the government does. The private sector also realizes (eventually) they have occasionally work harder and/or live frugally for an amount of time in order to pay off their credit cards and loans while the government simply takes out new ones and spins its debt out of control exponentially. 

i.e., Washington sucks at financial planning. 

It's your money and your power and you deserve to have it back. You are better with it that Washington is.  This country's economic engine functions most efficiently via a wealthy private sector.  Just as an internal combustion engine consumes fuel to yield horsepower, money is the primary source of fuel in our economic engine. The government's engine however is not so efficient. Bloated, heavy, sluggish and far too much payload on board with which to get much more than a few miles to the gallon. 


And the frightening part is that Washington knows this!  But they still opt to take your money up front never letting you do anything with it.  Why?  Because it is about the power and they are greedy for it.

It's time to give it back. Time to give it back to everyone who earned it. Washington can take it's predetermined minimal amounts in order to fund roads and schools and our military and other things that we share in the private sector but lack the shear size to get it done.  That's perfectly acceptable. But other than that, keep your hands our of our pockets.

No comments:

Post a Comment