Olemike's Blog

Taxes – To Raise or Not

Posted by olemike on 08/01/2010

I was watching Fox News Sunday and they were discussing the pros / cons of allowing the Bush tax cuts to expire (or not). The numbers quoted were $680 billion / year and about $2.9 Trillion over the next 10 years. What that means to me is that the government thinks that they can spend that money more wisely that we as individuals can. Where is the benefit of taking $2.9 Trillion from the tax payers and simply spending it in other ways. Basically what it does is allow the government to redistribute from the wealthy (who earned it) to others who were not as successful. Our constitution guarantees equal opportunity – not equal results. Your results must be earned by you.

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