AMERICA Needs to Raise Taxes

 

AMERICA Needs to Raise Taxes

Yes you heard me correctly.  I said it and the facts show that America needs to raise taxes.  I can hear the screams from the greedy, uncaring and selfish on both sides of the political spectrum and from my favorites the Tea Baggers.

I am talking about federal income taxes – we need to raise federal income taxes.

The facts are:

1.   We spend $1 trillion on the military and we will not cut this spending and in fact it is going up each year

2.   Our federal spending (without all the bail out money Bush committed to the budget) is $500 billion per year over our tax revenue (taxes)

3.   Our existing federal debt is over $12 trillion and going up

4.   No one, Republicans or Democrats will cut any spending programs

5.   The rich pay only an average of 22% federal tax rate

6.   Warren Buffett brags he pays just a 17% federal income tax rate

7.   The average US taxpayer pays an average tax rate of just 16%

8.   About 57% of wage earners pay no federal incomes

9.   American will increase their foreign military bases from over 1,000 to 1,500 over the next four years – this costs money

10.               We will need money to attack Iran

11.               US corporations avoid paying income taxes of over $300 billion each year and this is going up as they hold taxable income in off-shore accounts

12.               200,000 Americans have secret Swiss bank accounts and are avoiding paying over $100 billion in taxes according to the IRS – this is increasing each year

13.               Most people in the US are too dumb to realize that borrowing is more expensive than taxing – we borrow the over $500 billion each year and pay interest on the debt

We need a little honesty from everyone regarding this mess.  I know we can’t get any from the Republicans and the Tea Party, but the rest of us should demand we pay for what we buy.  If we want to buy the most expensive military in the world and spend more than the rest of the world combined, we should pay for this not borrow it and force our children to pay for our dishonesty.

The myth that any politician will cut spending should have been exposed by the Bush administration when they had total Republican control of congress for six years and never past a balanced budget.  They borrowed over $3 trillion dollars and added it to the national debt, more than any liberal Democrat in our history.

The philosophy of most Americans is, “Don’t cut any government programs, lower my taxes and get the money from someone else.”  This is dishonest.

It sounds a lot like a sign I saw in a bar in Alaska; “We screw the other guy and pass the savings on to you.”  I think that was Sara Palin’s motto.

We are now in the process of blaming everyone but ourselves.  The Tea Baggers voted for Bush and he was the biggest spender and borrower in our history.

The idea we can reduce taxes that are already the lowest on the western world and cut programs and remain a civilized country is total non-sense.

One of my friends is now a Tea Bagger.  He went to public schools (paid for by taxes), graduated from a public university (paid for by taxes), drives his expensive car on public roads (paid for by taxes), uses the library (paid for by taxes), is protected by the military, local police and fire departments (paid for by taxes) takes tax breaks for mortgage interest he pays on two homes, is one Social Security and Medicare and he wants his taxes on his retirements income of over a $100k reduced.

He now wants to not fund public education – his kids are out of school.  What a guy – like most Tea Baggers he doesn’t give a damn about his neighbor.

When are we going to be honest about the issue of taxes?  My guess is never.  We need to raise the tax rate on income over $150,000 to 50% and limit the capital gains tax use to $2 million lifetime.  If we did this we have a chance of getting our budget balanced and most Americans would not be affected.  We also have to change the Republican law that allows US corporations to hold profits off-shore and avoid paying $300 billion per year in corporate incomes taxes. 

Matthew 22:39 

 

39"The second is like it, YOU SHALL LOVE YOUR NEIGHBOR AS YOURSELF.'

40" On these two commandments depend the whole Law and the Prophets."

Matthew 7:12 GOLDEN RULE -

12 “Therefore all things whatsoever ye would that men should do to you, do ye even so to them: for this is the law and the prophets.”

John 14:15 “If ye love me keep my commandments.”