Quit weighting us down

  • Follow Letters

I’m out here trying to survive in the real world, and I wonder why anyone would think that increasing taxes on Big Oil and the rich is going to help our country or economy. Are the president, the media, the Democratic Party and the president’s lackeys deliberately trying to drive us into a Cuban economy, or are they blindly leading us in that direction?

The oil industry creates jobs and provides needed supplies and services. They already pay an exorbitant amount of taxes, in ratio to their expenses and income. Increasing their taxes will cause our gas prices to continue to skyrocket. Businesses pass increased expenses along to consumers. Basic economic principles are at work here.

In addition, increasing taxes on capital gains under the guise of “taxing the wealthy” will not increase revenue. That has been proved before. Doesn’t anyone in Washington read history or follow economic cycles? Increased taxes on capital gains will hurt the middle class more. It creates fewer jobs, less spending by the rich and a decrease in the incentive for low- and middle-class earners to save.

It also increases the amount of tax the poor and middle class pay on our piddling amount of capital gains we may experience on whatever sums we can actually manage to save after Washington and our local tax authorities have finished purging our pocketbooks.

If Washington wants to increase revenue through taxes, how about going after people who do nothing to contribute to the welfare of anyone else such as industries in Hollywood – the entertainment industry, haute couture, the news media (after all, they’re only entertainment, not serious journalism) and overpaid sports figures? This gives a realistic target for those tax-happy folks in our nation’s capital. And it leaves the rest of us alone to continue to try to survive day-to-day.

We the people don’t appreciate harebrained ideas that only serve to hurt our country. If Congress spent more time doing its job, such as overseeing the General Services Administration, and less time meddling in the day-to-day life of businesses and average Americans with these grandiose schemes that always trickle down from above and hurt our pockets, perhaps scandals like the GSA and Secret Service wouldn’t be making headlines.

We don’t want more and more and more and more legislation to “help us,” because it doesn’t. It merely creates a quagmire from which it becomes increasingly more difficult to extricate ourselves while remaining within the bounds of the law. If Congress really wants to help, start repealing worthless legislation that is already on the books and either doesn’t work or isn’t being enforced. That’ll keep Washington busy and out of our hair for a good, long time.

Gere Hirsch

Evans

Comments (5) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
corgimom
33233
Points
corgimom 04/23/12 - 06:02 am
4
2
So Mr. Hirsch doesn't want to

So Mr. Hirsch doesn't want to raise taxes on the wealthy?

I guess he would prefer that the middle class-like me- pay EVEN MORE than we already are paying.

More revenue is needed, and it has to come from somewhere. The choices are the wealthy, or the middle class.

We already are paying far more than our proportionate share, and we can't afford to pay any more!

agustinian
689
Points
agustinian 04/23/12 - 06:48 am
2
0
Dear Mr. Hirsch: Let me get

Dear Mr. Hirsch:
Let me get this straight, you don't want to tax the rich, unless the rich got rich in Hollywood, the media, or on the athletic field. Is that really how you want it to work? The government will decide how you got rich, then decide how much to tax it if they don't like the way you earned it.

I have often wondered why we decide to tax capital gains less than gains earned through the sweat of one's brow. The guy that owns the ship is taxed proportionately less than the oarsman who propels the boat and earns his money through sweat. Why?

Obama focusing on tax the rich is like the Captain of the Titanic focusing on the leaking faucets in the First Class section of the boat, when the water is gushing in and the boat is sinking fast. Both make you feel good that your "sticking it to the man" but neither solution fixes the problem.

agustinian
689
Points
agustinian 04/23/12 - 07:08 am
1
0
Hmmmmm! No I don't

Hmmmmm! No I don't understand, but so much for your advice. I think you'll find the "Flat Taxers" feel the same about the "capital gains" issue.

Granddaddy John
101
Points
Granddaddy John 04/23/12 - 07:08 am
0
0
Please people quit walking
Unpublished

Please people quit walking around stupid all your life.The government makes more off oil than the oil companies and raising the taxes on the rich will do nothing more than put more people out of work.Its just a gimmick that Odumber uses for stupid people,he is nothing more than a liar and a snake oil salesman.He's just like old Al and Jeese playing to the dumbmasses.

curly123053
4754
Points
curly123053 04/23/12 - 08:04 am
3
1
This editorial and

This editorial and accompanying comments would not be necessary if the FairTax was in place.....Increasing taxes on the rich who create the majority of jobs puts the brakes on their expansions and more jobs. Also increasing taxes on the wealthy causes us in the middle to low tax brackets to pay higher fees for products and services to help them offset their increases. The FairTax would make the playing field fair and increase jobs across the country by not punishing the ones creating the jobs.

mooseye
266
Points
mooseye 04/23/12 - 08:41 pm
2
0
I just love the one about

I just love the one about needing more funds. I am still snickering.
I don't buy something if I don't have the funds. Therefor, guess what?
I don't owe anything past my light bill.
If you don't have the money in hand for it, don't pass a stinking bill for it. Pun intended.

Back to Top

Top headlines

SRS shipments halted until 2016

Savannah River Site can't resume shipments of Cold War nuclear waste materials to an underground repository in New Mexico until at least 2016 when the federal government reopens the facility to ...
Search Augusta jobs