I wonder how many Sampson County voters realize, or even care, they have been “had” by politicians in Raleigh during the last session. The billionaires that guide the hands behind the Tea-publicans called the shots again this year on tax legislation. They called while the Democrats were on life support (except the few that did march on moral Monday). At least, the few marchers were given a cookie by the governor.
The 2014 and 2015 tax reforms in NC are actually a tax shift from the rich to the working and middle class. Moreover, the tax shift broadens to a sales tax on labor and other services that hurt the working class more than the rich. That means your car maintenance, for example and other services involving labor will become more expensive. Sales taxes will also extend to nonprofit organizations that offer entertainment so that their services become more expensive. The politician’s strategy was simple: disguise the tax increase in costs of goods and services so that the working-class would not notice. And if perchance they did notice the additional tax increase, Tea-publicans could blame it on Obamacare. Their actions remind me of the frogs in the crock-pot syndrome. The frogs don’t notice they are being cooked because they don’t pay attention to the rising temperature.
With respect to the rationale used by our Raleigh legislatures, I find interesting. They used a tax rate for the rich at the same level paid near the end of the Reagan administration when he had Alzheimer’s. And they offered the working- class a taxdisguised as “Fair Tax” (the brain-child of that lying Baptist preacher on Fox News).
Their idea of a “fair tax” is morally flawed. Fair tax suggests that a person making $20K can as easily afford to pay 10 percent, and live on $18K a year, as someone making $700K can live on $630K after taxes. Moreover, the working-class usually spend all of their income to make ends meet, while the rich do not. The other flaw in the so-call fair tax argument is that the rich use the extra income to create jobs. They don’t. They buy more stock on Wall Street. Have you noticed stock prices are at record levels?
Finally, the most glaring flaw of hypocrisy in these modern-day Robin-Hood representatives in Raleigh to lower taxes on the rich (while taxing the working-class more) is their idea to prevent the “redistribution of wealth.” If you believe in that rationale, I have a 14-story (pent house) Ice Igloo in Miami Beach selling short by J.P. Morgan.