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Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.�� —Ronald Reagan
An American family in financial crisis would cut back on wants to have enough money for their needs to exist. Not so the governments of most states, Bloated with government employees and gilded with all the perquisites and plush surroundings. The people whom the taxpayers send to their State Capitols are unfortunately out of touch with reality.
When the Country is hit with a slow down,aka recession, people buy less, and the taxes on the goods they do buy diminish. This naturally reduces the amount of revenue State has to spend. So do they cut back on their budgets? Cut the number of the employees that do their “bidding�� like private business is doing? No the first impulse is almost a knee jerk reaction. Think of ways to raise taxes on the already burdened taxpayer!
The following is an excerpt from the “THE THINKER�� that illustrates the tax hogs reaction to decreased revenue!��
“Governors want to levy higher taxes next year on clothes, soft drinks, gasoline, auto licenses and other items that likely will hit low- and middle-income families struggling to make ends meet in a deepening recession the hardest.
Officials say they are required by law to balance budgets and that tax increases are necessary as state governments face sharply declining tax revenues, but fiscal analysts say raising these taxes during an economic downturn will only worsen local economies and prolong the recession.��
How much more will the American taxpayer stand for? This Country went to war with England in the Revolutionary days because the taxes on tea became unreasonable. The founding fathers would roll over in their graves if they could see the taxation we Americans put up with to REDISTRIBUTE the wealth!
Posted by BILL at Saturday, December 27, 2008 0 comments Tags:Posted in THREATS TO US | Tags: