Current Events — HabitableZone

Current Events » in reply to Economic myths

Good article. A few comments:

- At some point we are going to have to means-test social benefits. All of them. A myth not mentioned in the article is the prevailing belief that Social Security is some kind of insurance. In fact, for many years it has been raw welfare, redistibution of wealth. This should finally be admitted, and the program used to take care of needy elderly. If I'm not poor when I retire, I'm out of luck. But heck, I'll never see my income tax money again, and I'll survive that too.

- I think one reason that surveys don't show most people excited about taxes is that for most people, taxes are invisible. They are drawn from them unawares, like blood from a sleeping cow covered with vampire bats. Then each year a form is hastily filled out, and WOW! A refund! The money the government keeps is somehow never quite as real as that refund check.

If everyone had to pay their taxes like I do, by writing massive checks each quarter, I dare say these surveys would be telling a different story.

- I'm a little tired of being told my taxes aren't high compared to Europe's. This is like being told that it doesn't get as cold in Minnesota as it does at the South Pole. And have you checked out Europe's economy lately?

Sorry, but low taxes are good for an economy. High-tax nations in the European Union are doing their best to keep neighboring nations from lowering their taxes. They don't want the competition.

In any case, I don't see lower taxes as the main problem in this article, compared to the immensely bloated and inefficient wealth-tranfer programs that are sucking up most of the Federal budget, with much not going where it will do the most good. Let's try fixing the deficits by fixing that, and not just by sucking more wealth out of the private sector.

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