July 23, 2014 at 2:10 p.m.
Is America taxing itself to death? (11/30/07)
Letters to the Editor
To the editor:
The power to tax is the power to destroy, and we are making strides towards destroying prosperity and at the same time expanding the welfare state. The basis tenants of the American dream are that through hard work and ingenuity, you can earn a better life for yourself and you can give your children a better start than you had.
Our prosperity now is our reward for hard work and achievement in the past, but our governor and legislature don't seem to understand that we did not tax our way here and, conversely, a nation certainly can tax its way out of prosperity. That's one danger I see as the biggest threat to our financial survival to come along in decades. It is disguised as "tax restructuring," which is based on the new system, "market value trending." Which means every year your property will be reassessed to market value, approved by your Indiana lawmakers.
Americans negotiate through complicated tax laws just to keep the fruits of their life's work out of the squandering hands of government, which has a growing disregard for property rights which are so important to the American dream. Desperate attempts to extract the maximum revenue possible from property owners by the new taxing system mean they are now on their way out the door with sheriff's sales of their property. Just read the daily newspapers.
A telling signal that a country is taxing itself to death is capital flight and expatriation. When successful Americans no longer feel their property is secure from thieves, and they have too much to lose by staying, they vote with their feet and go elsewhere.
With our country's finances stretched thin, our credit limit fast approaching, and currency inflated to the breaking point, there is no indication yet of any urgency on the powers that be to rein in the spending.
When the day of reckoning comes, there will no longer be "excess" payroll receipts available to prop up government spending. Our elected officials must take action now, so we can keep the fruits of our labor and keep on achieving the American dream.
Thank you very much.
As I see it.
Paul F. Double
Ossian[[In-content Ad]]
The power to tax is the power to destroy, and we are making strides towards destroying prosperity and at the same time expanding the welfare state. The basis tenants of the American dream are that through hard work and ingenuity, you can earn a better life for yourself and you can give your children a better start than you had.
Our prosperity now is our reward for hard work and achievement in the past, but our governor and legislature don't seem to understand that we did not tax our way here and, conversely, a nation certainly can tax its way out of prosperity. That's one danger I see as the biggest threat to our financial survival to come along in decades. It is disguised as "tax restructuring," which is based on the new system, "market value trending." Which means every year your property will be reassessed to market value, approved by your Indiana lawmakers.
Americans negotiate through complicated tax laws just to keep the fruits of their life's work out of the squandering hands of government, which has a growing disregard for property rights which are so important to the American dream. Desperate attempts to extract the maximum revenue possible from property owners by the new taxing system mean they are now on their way out the door with sheriff's sales of their property. Just read the daily newspapers.
A telling signal that a country is taxing itself to death is capital flight and expatriation. When successful Americans no longer feel their property is secure from thieves, and they have too much to lose by staying, they vote with their feet and go elsewhere.
With our country's finances stretched thin, our credit limit fast approaching, and currency inflated to the breaking point, there is no indication yet of any urgency on the powers that be to rein in the spending.
When the day of reckoning comes, there will no longer be "excess" payroll receipts available to prop up government spending. Our elected officials must take action now, so we can keep the fruits of our labor and keep on achieving the American dream.
Thank you very much.
As I see it.
Paul F. Double
Ossian[[In-content Ad]]
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