Render unto Caesar the things which are Caesar’s, and unto God the things that are God’s. That was the response from Jesus when his enemies tried to trap him by asking whether it was right for the Jews, whose nation had been taken over by the Roman Empire, to pay tribute to the Roman emperor.
Others, like me say that taxation is theft. Because like socialism, once the tax is passed, it will never go away. For example, the term to describe public spaces is a lie. You are the public, but you have no say on how to use public spaces. Publicly owned lands, beaches, parks, and other publicly described places are controlled by what political party is in control. You, John and Jane Q. Public, have no say how public spaces are used.
Look at our beaches in Hawai’i. The beaches are called public spaces, but you cannot go to the beach because the government says it’s to protect you from a virus. Therefore it is a crime to sit on the beach. The beach which is supposed to be a public space. A public space that you paid for through your taxes. It’s actually owned by the State, and not by the public, and you cannot use the beach.
It’s like property taxes. You pay off your home but you still have pay property taxes. If you do not pay property taxes, then people with guns will come to your property and confiscate your home. I guess you really never actually own your property, you just pay the government rent to live on your property.
Federal taxes and State Taxes are two different set of taxes. State taxes can overlap depending on where you live. In New York State, you have a state tax, a county tax, a city tax, a general all purpose tax. In Hawai’i we have a General Excise Tax (GET). The tax rate is dependent on what is your business. Probably the worse tax is the tax on food and clothing. That hurts the working poor.
The people in congress that keep raising taxes should be put on a commission plan. Art Laffer said this on Mark Levin’s show on Fox, “Life, Liberty and Levin”. The concept is excellent. I believe the President is looking into the idea of a Payroll Tax Holiday, or more like a tax vacation.
Congressional Commission Plan: Pay a congressman their full salary when the economy is growing at 3% growth. At 4% double their salary. At 5% triple their salary. A commission plan also has consequences when the economy is not doing well because of bad economic policies and over taxation.
At 2% growth, a congressmen gets no salary. At 1% they have to pay us with their salary. Watch how fast they act like CEO’s and board members. I don’t mind congress making more money if the rest of the country is making more money. When congress isn’t not picking winners and losers as congress does too often. Everybody wins.
You would see every politician start to run the government like a company CEO And board all the incentives are inline with stocks and options. There’s no incentive for politicians to do a good job running the economy. They have to be punished if they do a bad job and that starts with their pay. They must be held to the same standards like everyone else in that has a job. There’s are metrics to be measured for compensation. We have people in congress that have made a career for decades with no voter accountability. Tie the nation’s economic health to congressional salaries and you have greater accountability.
States like New York and New Jersey allow a tax deduction for State taxes. There’s no reason why other states should have to pay for other states tax deductions. These states got upset when the new tax laws limited their deductions. The people in those States need to fix their own State taxes. That’s called Federalism.
A payroll tax holiday waver of all payroll taxes until December 31st is a great idea. This would increase workers pay by 7.65%, that’s the employee contribution. It would reduce the employers burden cost of labor by 7.65% and help to retain and hire more employees. It’s a short term discount to encourage production to the end of the year. It would jump-start the economy for everyone. A tax cut over a spending increase is always good because it costs the government more money to collect taxes and then spend it back out. The government doesn’t make money, it prints money, which is phony money because there is no voluntarily exchange of goods and services. Monitory value happens when actual trade happens between two, or more, parties.
Our weather today is a mix of scattered showers, clouds and some sun. Lots of breezy winds. Temperatures in the mid 70’s with humidity at 79%. Aloha ʻApelila, e welina mai Mei.
In today’s Communist Chinese Kung Fu Flu news! What we should all be doing right now!
Kēia Ka Lā Kanakolu, ʻApelila