Monday, September 19, 2011

taxes and more taxes

So let me get this straight.  Mr. Obama wants me to pay 'my fair share' so the country can get out of the red.  Let me put it this way Mr. Obama. because I think you have some SERIOUS issues. You want to raise taxes on the people that do NOT use the systems you want to pay for.
Medicaid/Medicare yeah maybe a tiny bit but we have paid into this during our entire working life and also have private insurance to cover ourselves because we have worked all of our life saved, and invested.
Social Security – again we have paid this all of our lives even hitting the MAX we could put in and the government has given a lot of that to people who have not earned it.
Welfare – never going to use it but how much of my tax dollars are going to pay for this program? Do you think it is ‘my fair share’ to pay for people who are on this program and do not want to get off this program? I work hard, I have put in LONG hours and sacrificed a lot to get to this point in life, building my wealth and nest egg. Why is it ‘my fair share’ to pay for people who have no inclination to do the same.
Instead of continuing down this path all day and getting more and more upset I propose that you come up with a very simple flat tax where everyone pays the same percentage, no more graduated taxes, or anything else. This way you get rid of the estate tax issue, inheritance issues because why should I have to pay tax on income that was already tax when my parents earned it.  The rest of the needed income can come from a VAT (value added tax) on pretty much everything.  I have no problem with this idea and I am sure a lot of people will agree with me.  if I feel like getting a car that cost $1 million and can afford it then I deserve to pay taxes on this. if I spend my hard earned money on expensive things then I have no problem paying taxes on this. 
But to just say that because I am working hard to build companies, to be better, and to have nice things I deserve to have more of my income taken because it is only fair? Fair to who? The guy who wants to sit on their ass and do nothing but get a government check.  This entire system needs to change if you really want to get country going again.

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