Sunday, June 5, 2011

Taxes Aren't As Bad As You Think They Are.

It's Sunday June 5, 2011 and I just finished reading Nocholas Kristof's op ed in the N.Y. Times. It should be requiured reading for anyone who believes we're going too far in an attempt to reduce taxes . It should also be required reading for anyone who believes we're paying too much in taxes. He claims that all the countries in the world that have very low taxes are exactly the countries we would never want to be. That is, unless you happen to be super rich. It's as I've been saying about the drive to cut education costs. Cutting education doesn't harm the wealthy. They send their kids to private schools anyway. The same goes for college. State affiliated colleges and universities are not the destination of choice for wealthy young people. They're headed for exclusine private colleges where the entrance exam includes a family financial report. So as far as the wealthy are concerned, cut away till the heart's content. Same for infrastructure. What does a rich man care about infrastructure? If the state doesn't supply infrastructure, he can provide for himself. So let everybody else fend for themselves. Need electric? He can install his own generator. Need paved roads? He'll buy a helicoptor. Need police protection? He'll hire bodyguards. And as far as the wealthy are concerned, so should everyone else. It's a sort of a "let em eat cake, proud to be an American" attitude.

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