[Vision2020] State Budget Deficits

[Jeff Harkins]

  On the face of it, the argument for raising taxes seems to be a 
suitable measure.  However, one must keep in mind that when money is 
taken from money earners in the form of higher taxes, that transfers the 
spending capacity from the individual to the government - where some 
bureaucrat or politician will use their own self aggrandizing view of 
collective choice to usurp the choices that the individual money earner 
would make.

Government has clearly demonstrated that it is incapable of making 
rational, transitive and reflexive choices when it receives money from 
taxation.

The absolute failure of the TARP and TARA programs are a case in point.  
Remember "cash for clunkers"?  The unintended consequences are still 
surfacing.  Still a lot of folks driving their "free" golf carts.  And, 
the price of used cars has skyrocketed.

Instead of raising taxes, leave that money with individuals, who out of 
their own self interest will save, invest, spend and create wealth.  
Government is just not wired to do this.

This simple step will automatically increase revenues to the various 
government treasuries.

The risk is that whatever the incremental resources the government 
gleans from us must be directed in reducing the National debt and the 
related state and local debt.

I don't have the confidence that our elected officials are capable of 
that kind of restraint.

We the people must impose that constraint on government!  Limit spending 
- it is the only way to assure a return to fiscal responsibility (sanity).