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Thursday, October 25, 2007

Suppose somebody gave a federal tax and nobody came

The status quo reigns supreme. If targeted taxes worked before, they will work now, and will work in the future. So fire away politicians, and we American lambs will line up to do your vision of the way our American culture should be. Politicians can even troll bait to be confusing to some of the unwashed.

Most won’t buy it … both the increased taxes and the vision of how to spend it.

Fortunately, we have alternatives. It’s called globalization. In a tax sense, and vision sense, we can have loyalties as to where we live, where we own, where we recreate, and who we socialize with. And the old days of stuck in the USA are now over. Some, probably many of the more well to do, will simply bail out and leave.

There is a principle in history, but more modernly expressed, as to one reason countries fail. It is when the voters figure out they can vote themselves benefits without cost to themselves that the country goes under. In modern talk, it is about the transfer of wealth for social reasons. In the USA talk, it has been taken to extreme where even the taxes are not enough, and we have to borrow $3 billion a day just to pay our bills. And people, domestic and foreign, keep loaning it to us for now. The old days of War Bond drives are passé. Academics explain what a good deal this is. Fine. But never is it mentioned how many months of every year our children and grandchildren will have to work each year just to pay off the principle and interest for our benefits today. We had one revolution over taxation without representation, and here we go again!

Fortunately, the present proposal by the Democratic congress members of the House of Representatives will never become law and taxes. But the handwriting is on the wall. The targeted tax payers will begin to bail out, as in forced out. Who or what is next? Will the taxes go down to the middle class, or will the social vision change? Do we have to get to that point of what this small minority of Americans want to do to the rest of us Americans? What happened to “pay as you go” (the real thing) or just live within your budget? How about some respect, as in words, for all the good things that are going on. These are the same things that attract so many aspiring immigrants to our USA. How about living within our means, and then see how the immigrant problem sorts out. Who knows? But a good guess is they will still keep coming as they can compare us to their home alternative.

In the end it is about us. Just who will show up for the new federal tax?

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