Showing posts with label taxation. Show all posts
Showing posts with label taxation. Show all posts

Wednesday, April 15, 2009

Tempest in a Teapot

Not only do I get to use one of my favorite phrases, I got to use it as the title of this entry! I'm feeling quite pleased with myself.

Tea Bag sign Yeah, today is the big day for the "tea parties" that Fox News has been promoting. I haven't seen anything about it yet on CNN, and I even turned it to Fox briefly (as much as it pained me) and there's nothing there yet, either. [Update: I'm starting to see a few things now.] I really don't know how big this is going to be, but I suspect it's not going to be the kind of mass populist revolt--the people speak!--that Fox envisioned. I won't be making any teabagging jokes, either, because I've already gotten my jollies with that, thanks to MSNBC. I couldn't resist the picture, though! And those poor Iowans...the state won't allow them to dump tea into any bodies of water because it is considered a discoloration and pollutant. So they have to put river water or dechlorinated tap water into buckets labeled "tea," and dump that into the river. Kind of takes the "oomph" out if it, doesn't it?

The problem I have with the whole thing is that it really doesn't make much sense, not when you stop and think about it. Protesting "high taxes?" We've got nothing on other countries. Out of 30 developed countries that are part of the Organization for Economic Cooperation and Development, a think tank based in Paris, only Iceland and Ireland have lower tax rates than the U.S. (for those who are married with two kids). Our taxes go to maintain roads and bridges, fund education, unemployment, Medicare, and so on. I'm kinda cool with that, you know? And I'm also cool with those who are at the top of the earning bracket paying a slightly higher percentage in taxes. It's a question of proportion. If you're making $3 million a year, you can afford to pay a higher percentage than someone making $30,000 per year. That doesn't mean that you haven't worked hard to get where you're at, but jeez, have some compassion for the little guy who doesn't have your same earning potential.

And as for those higher taxes, President Obama's plan gives 95% of Americans a tax cut . A CUT. Those making $250,000 or more per year will experience a slight increase...a taxation rate that happens to be about 10% less than what it was during most of the Reagan administration. Hm. I wonder how many of these protesters will get a tax cut versus getting a tax increase? They're protesting rich people having to give up a little more of their money, while they get to keep a little more of theirs in their own pockets? It doesn't make much sense to me.

Tea Party In a story about these protests in our local paper this morning, a commenter wrote that he had joined one of these groups briefly, because he hoped their concerns and efforts were legitimate. He was disturbed by the tone, and said that it seemed to be very anti-Obama and anti-Democrat in general. Apparently one of the slogans that was suggested (and may be in use, although I haven't heard it) was "It took over 200 years to build this nation and just 3 months to tear it down!" Trying to place the current economic woes--years in the making--upon President Obama's shoulders is ridiculous. I suspect that many of these protesters are protesting our current President, and not so much the taxation part.

I believe that he is doing his best to pull our economy out of the dismal state in which it was left when he took office. Not everyone agrees with his tactics; I wouldn't expect everyone to agree. However, it seems that the majority of citizens express optimism in his efforts, and believe that we're on the right track. There will still be problems, including more jobs lost, in the coming months, but things do seem to be looking up.

Finally (and then I shall step down one level on my multi-tiered soapbox), let me talk about this "Obama is a socialist" mantra that I keep hearing. I put it to you that taxation is in itself a form of socialism. It is collecting money from the populace and redistributing it to various programs that are run by the government (as mentioned above, education, infrastructure maintenance, unemployment benefits, etc.). So anyone who pays taxes is participating in a socialist activity. Joe McCarthy is rolling in his grave.