March 20, 2011 :: Permalink
Kalapa ends his familiar rant against government by asking, "Now is that being honest?"
The Tax Foundation of Hawai'i is rarely honest with you. The advertise they are "supported entirely by private contributions" and you should translate this as "supported by the Most Rich."
Kalapa also states "government has grown beyond the capacity of the economy." This is false. State government has contracted across the nation since the Great Recession began and federal spending racheted up only (1) in response to 9/11 and the Iraq/Afghan wars; and (2) to save the economy after BANKSTERS on Wall Street destroyed our financial footing.
America the Great was built, beginning around WWII, by high taxes on our Most Rich. While the top marginal tax rate on millionaires and billionaires today is 35%, it wasn't always this low. Beginning in 1936, it neared or exceeded 80% and remained above 90% until 1964.
Tax revenue, primarily from the U.S. Most Rich, rebuilt Europe and Japan. These citizens then purchased goods and services from the American Middle Class. This was the greatest expansion of wealth in world history. Since Reagan took office, this trend has been reversed - and the U.S. Middle Class continues to lose ground - YOU continue to lose ground!
Kalapa is correct on one thing ... these current tax initiatives are UNFAIR to you! Yet you are taxed because the Most Rich have been able to reduce their burden. If they don't pay their fair share, you have to sacrifice more.
We still have nearly 200,000 keiki to educate; roads and public facilities are in terrible disrepair. Due to the Great Recession, thousands cannot find jobs and thus seek welfare assistance.
Corporations now sit on TRILLIONS of dollars (yet won't hire you); there were over 600,000 new millionaires created just this past year. Yet our Most Rich, through Kalapa, continue to whine about their burden.
Those of you reading this want to be fair but America's Most Rich aren't fair in return. As Warren Buffett points out:
"There's class warfare, all right, but it's my class, the rich class, that's making war and we're winning."Keep this in mind - since 1980, if the average working family had been paid fairly relative to their labor contribution to America's prosperity, the family would be making an average of $10,000 MORE PER YEAR!
Through 30 years of deregulation and financial maneuvering, the Most Rich have taken $10,000 a year from your pocket!
These proposed taxes wouldn't be necessary had you been paid fairly or had the Most Rich not cheated society.
Now that is being honest! A*L*O*H*A