I have become increasingly concerned that America is developing into two separate nations. For many years we have had basically a two party system but we have been able to compromise and get along. That no longer seems to be the case. We now have nearly half of our population dependent on government for some sort of financial assistance through food stamps, unemployment benefits, or untold other exotic forms of government assistance. Of course the other half of our population is being taxed in order to pay for these benefits. The dependent class is growing while the working and contributing class is dwindling. A simple question is what will happen when the dependent class outnumbers the contributing class? What happens when there are more takers than there are payers?
read recently that France has decided to set their income tax rate for
millionaires at 75%. Sounds good until you look into the details. The
first thing that is going to happen is that millionaires are either
going to hide their assets or they are going to take them and themselves
to another country. This isn’t brain surgery you know. Most
millionaires aren’t millionaires because they are stupid. In addition,
most millionaires don’t have huge incomes to tax. Most have their money
invested and therefore protected from income taxes. The same is true for
this country. We haven’t raised our income tax to 75% yet but any
effort by the government to unfairly burden the wealthy with excessive
taxes will be met with frustration at accomplishing the task. As I have
said previously, any unenforceable law or tax is just a silly exercise.
If those who are targeted by those laws refuse to participate, the law
two nations I referred to earlier are the takers and the contributors.
Let’s face it. If the contributors stop contributing, the money train
ends. You know who makes up the contributor class. It is of course the
business owners and the well to do among us. It is the people who get
out of bed every morning and go to work. It is the entrepreneurs who
have ideas and put them into effect by their actions. It is the
investors who buy stock in companies making capital available to these
businesses. It is the farmer who plows his fields and raises his
livestock. It is not, nor has it ever been, the welfare recipients or
the moocher class among us. It is not the college girl who expects
working people to pay for her birth control pills. It is not the people
who refuse to go to work but prefer to drain their benefits. It is not
the illegal aliens among us who extract their livelihood from the good
intentions of the working class. In other words, there is no such thing
as a bottom up economy, period. These are the dependent nation.
is surely an answer if it isn’t already too late. First, the wrong
people are in charge. We need to get rid of them and put people in
office who understand how our economic system works. We need to show
appreciation for the accomplishers and shame for the idlers among us.
How is there honor for a young girl to pump out babies for the financial
benefits she accrues? How is there no shame for the men who father
these babies and then refuse to participate in their financial welfare?
Where is the honor in living off the system?
forward there are only two real possibilities. Either we change out our
elected “leaders” and put real accomplished people in office thereby
getting our economy back on track, or we ride our gravy train over the
cliff. It is clear there is no other answer. I know which nation I would
prefer to live in, do you?
Ron Scarbro October 10, 2012
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