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Where’s the money?

June 16, 2011
Marshall Independent

To the editor:

It seems ironic that many legislators and some governors quietly attempt to solidify secret tax dodges and special treatment for the very wealthy. As we address legitimate budget concerns, relevant revenue is ignored while the working poor and middle class carry the load. Many Republican and Tea party policy makers are adamantly pushing to cut critical supports for elderly, disabled, education and local government aid, just to name a few.

Where's the money? In the United States the top one percent amassed up to 38 percent of the wealth. While some elected officials claim cuts which disregard those in need as an "election mandate," they ignore reality.

Over the last decade since the Bush tax cuts began, two trillion was added to the national debt. The bulk of the tax cuts went to a small affluent minority.

Where's the money? In recent years companies like Bank of America, ExxonMobil and General Electric saw huge profits, yet paid no federal taxes. In fact, in some of their most profitable years they received "refunds" from the public treasury. These people have friends on the state and national level who refuse to consider fair taxation of the very wealthy.

At the same time they threaten government shutdowns, which ultimately give big moneyed interests greater leverage to gain even more power. You and I don't have the same degree of tax credits, subsidies or ways to hide income, nor should we. We are the United States of America, not an offshore club for hiding income. Trickledown economics did not work, but it certainly has begun to smell.

Are the people who pushed through these special favors that starved the budget to be considered "deficit hawks?" Certainly not, they do seem however, to be birds of prey.

Darwin Dyce

Ghent

 
 

 

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