I’ve been thinking about the budget battles n Minnesota and the federal government. I think there is a solution that will anger everyone! I have spent a lot of time thinking about some of this and hope to get folks thinking if nothing else. All comments are welcome!
First, let’s just look at the economic issues. Both entities have projected shortfalls in revenue vs. spending. Both have a faction that wants to raise taxes on the high income folks and a faction that wants to decrease spending. It seems apparent to me that we need to do both, even though I don’t want to pay more myself.
So……why not increase taxes on everyone? Say, perhaps, 10% of the current bracket for all earners. That could go a long way in denting the shortfalls for each.
It would take away all the social engineering and bickering over who should pay more and still be as progressive as it is now. It would make everyone understand the problem; what government is doing with our money and the cost of all the stuff we want. Everyone would be angry, but no one could feel singled out to pay more.
Second, I’d find a way to have the 40% of Americans who pay nothing pay something, if only a little. That would be a teaching moment as, well as providing some ownership in our government for all rather than disenfranchising them. I think we would all appreciate what we have more if there were a cost to us. In effect, we have ‘sold’ the government to the high income people as evidenced by the “nasty” lobbyists.
Third, if we solve the current budget debate, then the legislature and congress could focus on really turning the governments around by cutting questionable spending and eliminating waste and fraud. Perhaps with no constituents asking for things they now understand they can’t afford, governments could focus on what we can afford. I think they would have the country behind them.
Obviously tax increase would make most people angry, I don’t know anyone who wants to pay more in tax except for some very rich I read about who have so much it wouldn’t matter. I hear that all should share the pain and this would do it. It could always be undone after spending is reduced or the economy picks up to where it isn’t needed.