President Obama says he will not let the elderly and middle class suffer while the wealthy (those making over $250 thousand a year) pay not one penny more to help. He insists that conservatives must compromise their principles so that the rich can be taxed more. Has the educational system betrayed our public so severely that people will fall for this?
The Constitution specifically states that Americans are to enjoy life, liberty, and the pursuit of happiness. Thomas Jefferson explained that the right to own one’s intellectual and personal property was essential to assuring liberty and happiness.
Originally our founders wanted an inexpensive government that was supported by consumption taxes on property sold at auction, corporate bonds, and non-essential items like distilled spirits and tobacco.
In 1862, Congress enacted the first income tax to support the Civil War. That tax was eliminated in 1872. In 1913, the 16th Amendment made income taxes permanent, supporting never-ending American involvement in wars and a burgeoning government with employees often making more in salary and benefits than do the citizens holding similar public sector jobs.
Basic math skills prove that the wealthy already pay much more tax than others pay. Even under a flat tax of 10%, a person earning $50,000 would pay $5000 in taxes and a person earning $200,000 would pay $20,000 in taxes. The rich ARE paying a lot more than others pay.
How does one compromise a belief that no one has the right to take from another? Or on the promise to protect and defend the Constitution? Once it is OK for the government to take from one and give to another or to limit property rights, we have lost our republic and the freedoms it grants.
Conservatives should NOT compromise. The Government needs to cut spending.
Rice Lake, WI