Anti-taxation And The Need For Revenue

Pin It

Too many Americans fail to recognize the essential role that taxation plays in bringing in revenue for necessary 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. Cities shut off streetlights that would help curb crime, roads local governments had already spent a great deal of cash on but can no longer afford to maintain are deliberately broken down into gravel and schools are laying off teachers at each and every turn. Cutbacks have become progressively common, but some go as though their eyes were covered by teabags, blind as they’re to the potential for greater community services through tax revenues. Resource for this article – Anti-taxation and the de-evolution of America by Personal Money Store.

Poor local governments wonder, ‘Why no new taxes’?

Theories differ concerning taxation, but it appears clear that they’re a proven gadget for earnings generation. Krugman bemoans a federal government that can afford to issue bonds at 1.04 percent, but not extend ample assistance to suffering local governments. The fed could be doing more to assist. Priorities are entirely out of whack, says Krugman. The able rich appear to be more interesting in barding for personal war than actually waging war on behalf of a disappearing America.

Cut out the tax, the service and the jobs

Families are reeling as state and local governments are pulling more essential services off the table. America is moving backward, says Krugman, as local and state governments are locking down due to lack of tax dollars while the federal government begins to turn off the stimulus faucet. An employed teacher serves the community and creates a definite job. But you will find no guarantees when it comes to tax cuts for the rich; they might spend it or hide it away.

Demonizing the public sector

Numerous individuals have little or no faith in the public sector’s ability to manage cash, tax revenues or otherwise. Tea party rhetoric says that taxation is wrong because it contributes to waste and fraud. Krugman argues that there was never so much waste as the right claimed, nevertheless. Considering how far America has fallen in education and infrastructure while fear of new taxation has reigned, perhaps taxation shouldn’t are the focus of the fear. The result of tax fear and decaying programs, writes Krugman, is that America is in a dark place, indeed.

Additional reading

New York Times and amp;partner=rssnyt and amp;emc=rss

Leave a Reply