Tuesday, October 19, 2010

Raise Taxes So That Gov Saves Money

As I was perusing through the Huffington Post, I noticed Robert Naiman's article, A Robin Hood Tax To Pay For the Wars. In it he states,
Instead of just saying that the Bush tax cuts for the richest Americans should be allowed to expire, let's say that they should be allowed to expire and that the money saved shall be earmarked for the veterans trust fund. Note from the point of view of the public interest, it's no loss to earmark the money, because we have to pay for veterans' benefits no matter what we do. By dedicating the money from the super-rich, we free up other resources for use elsewhere.
Now I must say, this sounds good, even though Robin Hood was not stealing from the Rich free market guy but was in fact stealing from the government that stood against private property rights. Yet I have a stupid question. If the Bush tax cuts have generated more revenue for the Federal government, and allowing them to expire would cause revenue to go downward, then is this really about "saving money?

In a prior paragraph the article states as evidence against the obvious,
As good fortune would have it, the Stiglitz/Bilmes estimate for the cost of caring for veterans of the Iraq and Afghanistan wars is roughly the same order of magnitude as the savings to the government of allowing the Bush tax cuts on the richest Americans to expire: "deficits and debt will be about $1 trillion higher over the next ten years if the high-income tax cuts remain in place," the Center on Budget and Policy Priorities reports.
So in the mind of Liberals, raising taxes on the rich will "save us money". Us = Big Government of course. Now I am 40 years old. It is my experience that when the tax and spenders tell us something, you better watch your wallet. Remember what they told us about Obama Care and how much money "We" were going to save. As usual, the facts over time demonstrate something all together different.

In conclusion, the real issue is that if we may target one group of men and go after their private property on this contrived and emotionally driven reason, then what is to stop the government from going after anyone? This kind of thinking is scary because it is not about helping veterans. It is about empowering government bureacrats to take Robin Hood's money back.

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