In July 29 Issue
We heard a report this week pertaining to our government and the dreaded word, taxes.
It now appears the United States is reaching a very critical point in the area of who pays and who does not pay taxes.
We are now at the point where 47 percent of all households do not pay taxes. Yes 47 percent do not pay taxes.
What happens when the day comes that over 50 percent pay no tax at all.
What happens when we go to the polls to vote. Should people who pay no taxes have the authority to vote and tell our government how we want them to spend the tax revenue?
We are not saying that anyone should not have the right to vote. We are simp;ly asking a question.
It is even more concerning when it is pointed out that the top 5 percent of our taxpayers pay over 60 percent of all our taxes. The report went on to say the top 1 percent of all taxpayers pay 40 percent of our government’s tax revenue.
This top 5 percent is identified as small business. What happens when they decide they can no longer sustain, cannot expand or even survive.
Our government is at the point now where the national debt is spinning out of control and reaching unimaginable totals.
How long can government balance such a budget or juggling act? How long will voters allow government to continue this route?
The situation we find government in today reminds us of a quote from Thomas Jefferson, "A government big enough to give you everything you want is big enough to take everything you are."