This is old news by now (since it's taken me so long to post this).
The governator wants to "temporarily" raise state sales tax 1.5% to close the budget deficit. Who's he kidding? If they get their grubby hands on our money we'll never get it back. Listen to what this naive soul had to say about it, quoted in the Silicon Valley's Mercury News, "What's attractive to me is that it's temporary. To me, that's fairly logical. That solves problems now and you know it's going to go away. You have a built-in tax break going in." Ha!
The economy is strained, people are losing their homes, their jobs, simply trying to hold on and our government wants to raise taxes; taxes on consumer spending, which is sadly the driver of our economy. If rising taxes in addition to rising prices make unnecessary purchases prohibitive people will refrain from spending causing further contraction - less spending, more job loss and the cycle repeats. Don't get me wrong, we NEED to stop the wild spending that has contributed to our current messy situation. I just wonder if taxing everything is the best approach.
The governator wants to "temporarily" raise state sales tax 1.5% to close the budget deficit. Who's he kidding? If they get their grubby hands on our money we'll never get it back. Listen to what this naive soul had to say about it, quoted in the Silicon Valley's Mercury News, "What's attractive to me is that it's temporary. To me, that's fairly logical. That solves problems now and you know it's going to go away. You have a built-in tax break going in." Ha!
The economy is strained, people are losing their homes, their jobs, simply trying to hold on and our government wants to raise taxes; taxes on consumer spending, which is sadly the driver of our economy. If rising taxes in addition to rising prices make unnecessary purchases prohibitive people will refrain from spending causing further contraction - less spending, more job loss and the cycle repeats. Don't get me wrong, we NEED to stop the wild spending that has contributed to our current messy situation. I just wonder if taxing everything is the best approach.
No comments:
Post a Comment