Spur of the moment, sent to the Beloit Daily News:
Recently, I read that our new Governor Walker was going to advocate cutting Wisconsin taxes in an effort to lure more businesses to our state, and help create jobs in this depression we are in.
I see complaining about how much these tax cuts are going to "cost" the state.
Let's get one thing really clear. Taxes are costs for businesses and private citizens, who end up paying them, since the businesses always pass on this cost of doing business. They are income to the state.
A cost is what you pay out to cover an expense. Lower income cannot be a cost - it might be a loss, but it can never be a cost.
If the state is bringing in less income for any reason - businesses leaving the state because of unreasonable regulation and high taxes, or less spending by the people who have lost their jobs, then the state must do what those businesses and citizens do when faced with lower income - STOP SPENDING SO MUCH.
It's really simple. Cut spending. Lower taxes will attract business. Consumer and business spending will rise. Government will take in more from sales taxes. Now, keep government from raising spending again because of the higher income, so we don't get back into this mess again.
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