Money, Tax, and Debt
I fail to see why the government needs to charge us tax on what we buy. First of all, they take the money that we work for and earn, and tax us on that, and then proceed to tax us again on what we buy using that already-shrunken sum of money. So they charge us twice on it, and yet this ‘great country of ours’ is still approximately 9.4 trillion dollars in debt. That averages to $31k per person. And by pretty much any standards, that’s one hell of a debt. It’s also interesting that with how much we pay, we don’t have universal health care, or even health care for everyone in the states, yet we’ve spent nearly $525 billion on the war in Iraq. That’s another $1.7k for each of us. Generations from now, we will still be in debt, and probably still paying taxes on what we earn and for what we use those pre-taxed dollars. I don’t want to get into a political argument, but hell, is it too much to ask to be taxed only once, even if it feels like a bigger rip off at the time? Think about it. Then talk to me.
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Stumble It!
money is debt. The government borrows money from the Fed at interest, but if all the money in circulation is the borrowed money…where does the interest come from? The government has to continually tax and borrow larger and larger amounts to pay off the interest on what it is borrowing.
I try to explain it at my blog. http://surviverecession.wordpress.com/
heavenlyproducts said this on October 14, 2008 at 11:31 pm |