NUMBERS ON PAPERS
Do you remember way back to 2011 when a billion dollars was still a lot
of money and national debt was well below $20 trillion? Ever wonder where the
government gets all that money it wastes (sorry, spends)?According to the Tax Foundation, “Tax Freedom Day” will take place on April 9th [2011]. They say this means on that day Americans will have earned only enough money to pay off their total tax bill for 2010. By these statistics Americans work 99 days—or 26.89 percent-- of the year for the government while having the remainder of the year to pay for all necessities. If it helps any, apparently in
Let me get this straight…
In
order to run the government the feds need us to pay them some enigmatic amount
of money based more-or-less on how much of this money stuff we had pass through
our hands the previous year.
Every
time this money thing passes from one hand to another to another we are
supposed to dutifully report the amount so that the government can get their
fair but indecipherable share.
And,
why exactly do corporations not want to make more profit because they'd pay
more taxes?
As a
society we have learned to spend and not try to keep any of this money, even
though the receiver must pay part in taxes.
If we just put it in a box, the government punishes us by printing more
money than it has money. If carefully
invested the government punishes us by taking “their share”.
In
order to collect their share of our money the feds (and state and county and
city) set up innumerable and money-consuming bureaucracies – any one of which
might just cost as much to maintain as taxes collected.
If
you and I agree to exchange, say, my brilliant writing skill for your apple
pie, we each have a “value” which, technically and legally, is also income,
maybe. The duty dutifully due cannot be
paid in writing skill or apple pie, but in mere money.
If I
have U.S. Bonds the interest gained cannot be taxed by the Great State of
Indiana (which might actually need it); but I do pay tax to the federal
government on money they paid me. This
after I agree to pay a “tax” of accepting lower interest.
In
like manner, federal employees generally work for less money (e.g. President
Obama’s new Chief-of-Staff took a huge pay cut), but they still pay taxes on
what they get. As someone asked, are
they really paying taxes or just taking a further cut in pay?
Just
incidentally, The Great State of Indiana seems to have both a billion-dollar
reserve and massive debt (to the federal government of all people).
In
all of this we have to use the cash money the federal government prints and
issues; they can’t just use some of it themselves and leave us alone. Better yet, let us print our own and they can
just keep theirs!
We hear tell the “value” of the dollar is kept “up” or “falls” depending on what the markets dictate; unless one government or another does this-or-that to control their currency’s “value”. This seems to mean we shouldn’t go to Europe next summer, but drug-war ridden
David L. Lewis is an observer of and sometimes commentator on life who may be reached via e-mail at thedaddy1776@gmail.com
Please Note: This blog was first published on the
This is part of complying of Blogs posted from
May 17 2008 to May 10 2015 on the Brazil Times website under the
by-line MY VIEW FROM THE BACK PEW. Not all Blogs can or should be
included -- that's well over 150,000 words which nobody much read the first
time around. And, some will be edited for timeliness, relevance, or just
plain keeping short enough to be read.
These Blogs can no longer be found on the Times site and are reproduced
here from original document files; my understanding is they remain “property”
of the paper, so acknowledgement is given.