Welcome at the next tea party
Published 7:30 pm Tuesday, March 23, 2010
To the Editor:
After reading, Don Weathington, Conversations from Birdland piece on Crashing the party ., I suggest that he come down out of Birdland and visit with our local Tea Party folks. He might find that they do not fit his perceived notions of who they are and how they think. Im sure he would be welcome to crash their next Tea Party.
He might also take a look at what happens when you lower prices, or taxes in the case of government for its service. Early in business, I found that if you wanted to increase earnings, you could cut costs or raise prices. or lower prices? Often, it turns out that, if you lower the price, you sell so much more that you increase revenues. Look what happened to Apple when they introduced $0.99 music on iTunes.&bsp; &bsp;
It also turns out that we had some Presidents who tried it with taxes, Kennedy, Reagan and George W. Bush. When they wanted to raise government revenue during a recession, they lowered taxes, thus receiving not only more revenue, rather than less, but also, and Mr. Weathington you should like this, they further shifted the U.S. tax burden onto the wealthy, which meant that at the lower tax rate, they paid more than at the higher rate.
The Bush tax cuts shifted the share of tax liability of the top 20 percent income group from 78.70 percent before the tax cut to 81.00 percent after the tax cut. One wonders, if President Obama had used this vehicle rather than his Stimulus, that this recession would be more like those in 1964, 1981, 1991 and 2001.
One entitlement we should agree on, in a Democracy, is the right of the people to be heard, when they do not like what their government is doing in taxing or spending, particularly in a depressed economy.
He thought that it was obscene .that the wealthiest 400 American families averaged $87 million in income for 2007, up from $17 million in 1990 by the change in tax rate. I, for one, think it is obscene that we ever had a tax rate of 94 percent, both in terms of its motive to play Robin Hood, its effectiveness, you get less money; as I pointed out above, and it turns out that people with lots of money spend some of it, and that creates jobs, and they invest most of it, some in risky innovative companies, and that creates lots and lots of jobs.
I have always thought it strange that some people believe that if someone has more money than they do, that, somehow, the richer should pay more for their share of government services, particularly in a country that has a graduated income tax system where higher earners are taxed more for the same service. In a free society, demand for lower taxes is an entitlement for all citizens.
I am sure that all rational citizens will be welcome at the next Tea Party.
Jack M. Black