In the lame duck session of the 111th congress, a status quo extension of nominal tax cuts for two more years was hailed as a victory for the Republicans. After all, it's what the Republicans always seem to want. Taxes that are merely too high, instead of "OMG high". Once again, both sides play us for suckers. For the average guy, it isn't the difference between the $10,000 he now pays and the $13,500 dollars he would have paid without the tax cut continuation. Sure, $300 a month would have brought the spending down considerably, and real jobs would have been lost in the process. But this is small potatos.
Small potatos, I say, because while they are delivering this flaming bag of manure they call a tax cut, they are taking action to devalue our currency by 3 times this amount, through collaboration with the Fed. Why squeeze another 3 grand out of the citizen, when we can much more easily print 10 grand per taxpayer and hand it out like it was real money.
The income tax has not been the issue in some time. The issue is the big dose of inflation the country is about to suffer through. No sense in taxing just income, because they can tax everything you own just by making your dollars worth that much less.
So come ON. The issue is not income tax. It is the size and scope of government, and how much of our national resource is being reallocated to grow it. Whether taxes rise or fall matters far less than whether the government grows or shrinks. Don't fool yourself. It all gets paid for one way or another, and we need far less of it than we are buying right now. Far, far less.
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