Unless I misunderstood, Barack Obama proposes to eliminate American taxes for families with a yearly income of less than $250,000. This demonstrates an ignorance of both finances and democracy. Even as a Canadian, I’m fairly certain that most American families come in well under $250,000 per year. (Most would be elated if they did, unless the dollar was totally devalued.) But this proposal would eliminate most of the American population from paying taxes.
To expect big business and a small minority of higher income families to shoulder the entire tax burden of the nation is not only unfair, it discounts the fact that these are the same people and organizations who have the means to leave the country at will.
While taxes may not be pleasant, they do support the ideal of ‘government for the people, by the people.’ When you pay into something you feel at least part ownership of it. Taxes are used to pay for things like roads; federal, state, and municipal infrastructers; schools and universities; libraries; aid and disaster relief; and to support politicians–to name just a few things that contribute to ‘the common good.’
If only a small percentage of Americans carried the nation’s tax burden that segment of the population would soon feel like they owned the government. How could they not? How would the rest of society be able to respond when rights and priveleges became divorced from the financial responsibility of taxes? When we all pay, we all have a right to speak up. it’s part of the reason ‘ownership is nine tenths of the law.’
As a Canadia with some American background (my paternal grandparents came from the States,) I want to see America prosper…and the two economies are somewhat tied together. As a business owner, it’s my opinion that the proposal to drastically reduced the number of taxpayers will either lead to disaster or voiding the proposal altogether.
Thanks for reading. 🙂
I’m Phyllis K Twombly, and I still believe in America.