Anti-taxation And The De-evolution Of America
The American people are sleeping at the switch when it comes to comprehending the role taxation plays in creating the necessary revenue for basic neighborhood services. That’s what Paul Krugman writes within the New York Times, and it might be that such worries are falling on largely deaf ears in America. Tax earnings could keep individuals safer and educate them, but the anti-taxation movement maintains strong opposition. Cutbacks are the norm, yet scores of people from tea parties to corporate boardrooms continue to bury their heads in the sand when it comes to tax boosts.
Governments run short, but where are the taxes?
While various economic theories exist regarding taxation, it is difficult to dispute that tax boosts could help local governments provide more reliable necessary services. Krugman points out the federal government “isn’t cash-strapped at all,” considering that they’re more than willing to sell inflation-protected long-term bonds at only 1.04 percent interest. More can be done. Where is the priority, wonders Krugman. The richest two percent would apparently rather watch Rome burn than pay more taxes as they did during the Clinton administration – when the Americas last experienced an economic boom.
Cutting out services and casting jobs to the wind
State and local governments are spending less on nearly every little thing, which doesn’t bode well for families. Now that federal spending is actually beginning to slow down, Krugman sees an America stuck in reverse. A teacher with a job means education and lower unemployment. But when the rich get cash back due to tax cuts, there’s no guarantee that they’ll do anything other than bury it in the sand of their own private beach.
Assuming the worst about government cash management
Numerous individuals have little or no faith within the public sector’s ability to manage money, tax revenues or otherwise. Tea party rhetoric says that taxation is wrong because it contributes to waste and fraud. Krugman suggests it was never as bad as the right made it seem. America has slid in education and infrastructure. The result of tax fear and decaying programs, writes Krugman, is that America is in a dark place, indeed.
Additional reading
New York Times
nytimes.com/2010/08/09/opinion/09krugman.html?_r=1 and amp;partner=rssnyt and amp;emc=rss
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