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| Tuesday, March 27, 2001 | A Publication of the Newspeak Association | Volume No. 66, Issue 8 |
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I like having more money
You know, while Senate Democratic Leader Tom Daschle (D-SD) seems to think he represents the common middle class person in America these days, I happen to think he doesn't embody me. I'm sorry, I'd rather have some extra money then have Congress try to find some new way of spending my hard earned cash. Well, to be honest I probably won't pay taxes this year, or the next, but shortly I'll surely join in the annual April mourning of forking over a large chunk of my yearly earnings to Uncle Sam. When that time comes, the less I send to him the better. Yet, Mr. Daschle doesn't really think that is a good idea. He believes the money could be better spent. Of course, he'll believe that while he's using other people's money. Why? What possibly could he need that money for when it's all surplus? The whole idea of having a surplus is that the government taxed us too much and now has accumulated extra cash it doesn't need. Shouldn't we be entitled to getting some of that money back? There are a number of arguments against the Bush tax cut plan. I don't want to heavily go into that here, as much simply talk about the need for cuts in general. I am a firm believer that a portion of that surplus needs to go back in the form of tax cuts, at no less then about a trillion dollars. I think that's a pretty fair number. And I do think it should go back to everyone, not just the lower classes as Mr. Daschle thinks. Contrary to popular opinion, not everyone is a Bill Gates. There are a lot of people in the highest tax bracket handing over sixty percent of their income to their state and the federal government each year. Does that seem fair? Yes, I do realize there is an attitude in America that there are people with money that they don't deserve and shouldn't have. That just isn't right. Besides the people who are unfairly getting taxed more then they deserve, there are millionaires and billionaires out there who worked hard and have their money due to the fact that they achieved success. In fact, when you get right down to it, this nation's tax system is almost a form of social class racism. From a moral standpoint, it shouldn't be tolerated. From a realistic standpoint, it may not be feasible to tax everyone the same amount. However, if you're paying any less then the average amount per person it takes to fund the U.S. Government, then you are in fact getting a break. Mr. Daschle has tried to pass off that the tax cut plan is unfair because the upper income bracket will get more of a cut then the lower ones. Well, Mr. Daschle, how is that any different then the whole bloody tax system currently? The whole system's unfair! That tax increase that Clinton passed a few years ago wasn't fair either. The richest tax bracket will still be paying three times the percentage of their income as the lowest tax bracket. It's still hardly close to fair allowing that isn't it? A lot of people may laugh at this, believing that the upper income bracket can easily afford paying that much and should because they have money they don't deserve. Well, students on this campus have the potential to enter that upper tax bracket one day. When that happens, after you've clawed your way up in your job because you've done good work, will you think that you have money that you don't deserve? Again, contrary to what Mr. Daschle believes, it's a good thing to have more money available to everyone. Money that is returned to people will be used in some fashion, and it will help someone. The car that someone buys because they have an extra few thousand dollars will employ people. Stocks that are purchased with the previously used tax money will help boost the stock market and the company invested in. Even if it's used to buy a muffler as Mr. Daschle keeps bringing up, it will keep mechanics in business and will fund auto-part makers. The fact is that the extra money will be spent and it will boost the economy. That is in fact a good thing, especially with the current state of things. A tax cut will benefit all, and unfortunately that fact is being intentionally distorted by men in power who hate the rich so much that they would ruin it for everyone just so they don't get any bit of a break. The Reagan Economy that has been heavily credited for the economic prosperity we enjoyed in the 1990s had the largest tax amount at twenty-eight percent. How is that possible? The truth is that the more money available to people, the more money that goes into the economy. This is one of the basic fundamental truths of capitalism, and as much as some people would like to not believe it, it has proven time and time again to be true. I'm not advocating the Bush tax cut plan, so much as talking about the need for a tax cut. It will almost assuredly be a good thing, and the two business minds I trust more then any other, Alan Greenspan and Steve Forbes, both happen to believe the same. There are a lot of reasons to want some form of tax cut to come of the surplus, and I happen to be one of the biggest supporters of that. Senators and representatives who try to claim they deserve our money more then we do shouldn't fool us. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||