LETTER: Everyone should be part of the fiscal cliff solution
To the Editor:
Brother, can you spare a dollar?
As we inch our way closer to the fiscal cliff, I'm sure that there have been many proposed solutions to the problem. One expert said that instead of the stimulus plan, each taxpayer could have received $5,000. Another said the government could have waived all taxes for one year and that many jobs would have been created. Should we raise taxes on the top 2 percent and punish them for creating jobs and becoming wealthy? Money is worthless to them unless they spend it.
The government takes their tax money and gives it to all the other countries in the world. Sometimes the rich invest it, and then they usually make even more money. Everything they touch turns to gold. Sometimes they give it to charity.
I don’t think we should kill the goose that lays the golden eggs. To be fair, I think we all need to tighten our belts. There are about 300 million people in the U.S. The bottom 150 million do not pay taxes because they are poor. I'm not sure what the definition of poor is anymore. Let’s say that we will charge them a tax of $1 a month. Shouldn't all U.S. citizens pay something for all this freedom? I don’t think anyone will starve at this rate. The U.S. would make $150 million per month! There are 148 million people in the middle class. They would probably be glad to pay $2 per month. There's another $296 million per month. There are 2 million rich people; they should pay twice as much as the middle class. At $4 a month, that would net another $8 million. The grand total is $454 million a month. How many months will it take to dig us out of this deficit that WE all helped create?
If the poor don't think the rich are paying enough, then the government could make them pay twice as much, or $8 a month, the middle class tax would go to $4 a month, and the poor would be expected to pay $2 a month. That's $908 million a month, and no one had to suffer very much because everyone was pulling their fair share of the burden. The top 2 percent could never achieve this goal, even if we took 100 percent of all the money they earned.