Wednesday, October 8, 2008

Death or Taxes

Alright everyone, I know what I am going to say will not be popular but someone has gotta say it. Everyone bitches about taxes, whos gonna raise em and whos gonna lower them but just know this... You will be taxed!!! You will continue to pay taxes!!! There's no secret way out as an individual, taxes are a part of your life. If you want to continue this life in a sovereign USA then you better hope that no one cuts taxes too much or else we will get re-poed by China, Japan, etc. I will clarify...

We all (hopefully) have jobs and we all (unfortunately) have bills. You take the income and subtract the bills and then you have a (ideally) surplus. Every month and every year you essentially have a budget of income less expenditures equals drinking money right? For the big ticket items you finance with a monthly payment or use a credit card these are called loans. SO you pay the loans down and you pay your fixed costs and you pay for variables like food and the drinking I was talking about, right? How many of you want to keep or improve your standard of living while simultaneously taking a pay cut? I don't and I can't, can you? These items need to be in balanced to stay above water. Well our federal government has an income that mainly comes from of taxes but we also have a unbalanced budget that draws us further and further into debt, eventually our debtors, like credit card companies will say that we need to pay up. We have to have the money to pay up. Right now we don't.

It's simple - our government is just a big over sized version of joe sixpack (thanks Sarah) and he is running up some crazy credit card debt, even when he make the minimum monthly payment he still owes the remaining balance plus interest. So understand that our revenue consist of taxes we need to supplement that with exports (like green energy technology) to make more to pay down the debt. The government also needs to cut spending programs that don't do what they are supposed to to lessen our variable costs, (10 bil in Iraq). Point is that we will have to fund this government no matter what, take a look at the budget if you want, but we also have to stay on of our leaders to make sure that they don't continue the spending spree of the last decade no matter who is elected.

We are NOT the most wealthy country on earth, we are one of the greatest debtors and we are broke. So as I explained earlier it is death or taxes. I'll pay some to stay in America, not the American Province of China - you get what I mean.

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