Monday, December 10, 2012

Letter to Senator Murray: The Fiscal Cliff

Patti Murray sent me an email containing the following:

Last week, I returned to the Senate floor to continue to put pressure on my colleagues in the House to pass the Middle Class Tax Cut Act, which the Senate passed in July. The bill would extend tax cuts for 98% of workers and 97% small business owners, and would let the tax cuts for the wealthiest Americans expire as scheduled.  I also discussed Speaker Boehner’s recent proposal that would protect the rich from paying higher rates.  I believe the easiest way to raise revenue from the wealthiest Americans is simply to allow the Bush tax cuts for the top 2% to expire as scheduled. It would move us a long way toward the balanced and bipartisan deal we are aiming toward.

The remark about repealing the Bush tax cuts really galled me, and I'm not "rich". It doesn't affect me directly, but it does fly in the face of economic reality. So I just had to write back,

Dear Senator Murray,

Do you really think you can extract enough money from the so-called "rich" to finance your grand designs? You do realize that money redistributes itself, don't you? What do you think those rich folks would do with their money if you didn't tax it? Smoke it? No! They'd spend it! They'd invest it! And what do those activities have in common? They create new business, new jobs, innovation, and wealth. The only catch is, you have to work to participate. But jobs would be available in abundance if the government would quit erecting roadblocks and threaten the very people who are best situated to create jobs.

The simplest way to get the rich to finance your gargantuan government is to let the Bush tax cuts expire. Yeah, you just keep thinking that. You might as well try it -- the economy's already in the toilet -- and see how that works out for you (and the poor, tragically and ironically).

It's so sad to see my beloved country in a death spiral at the hands of people who haven't a clue about economics, prosperity, and liberty and justice for all.

Mitt Romney said, "I'll get this country working again!", and 51% of the electorate said, "Screw that!" I'm afraid we've passed the point of no return for a sustainable economy.

Karl Uppiano

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