It’s all a matter of where you live, and being in the pool above 200k (N. VA), I find it outrageous. I can honestly tell you in speaking from Northern VA that 200k is not wealthy at all. I can’t afford a house in the area using sound financial judgment. (No more than 25% house payment/month) and they want to squeeze more money out of me? For who? The issue always comes down to...
What about those who perform and get promotions? WHY in the hell would you EVER WANT to? Why would I WANT to work harder? Why put in extra hours, why?
We need to repeal the income tax, don’t even talk to me about a “Fair Tax” and put in place a reduced government that is a Fraction of the current size. Government doesn’t need Tax dollars, it needs fiscal responsibility, increased citizen production; it can print it’s own money based on our production to accommodate a fiscally responsible budget. Why does the Government borrow from the Fed, when the Government makes the money? Hmm... Our whole system needs such a major overhaul I fear that none of us have the stomach for what needs to happen. Think about a government budget that was always a FIXED% of GDP, where production rules, new ideas and productive drivers cherished, and laziness and apathy are punished.
Stimulate production damn it! Don’t stifle it! Make people want to work harder, make me want to start a new business based on low-cost of entry. The more they take from me to give to someone else... well there is only so much I’m willing to do, after that I’ll be damned for what I’ll do.
net net of my point... Government stay the hell out of my way, and let me succeed based only on my mind, work ethic, and ability!
“What about those who perform and get promotions? WHY in the hell would you EVER WANT to? Why would I WANT to work harder?”
Why socialism/communism always fails.
Bingo. John Galt, is that you?
I completely identify with this. I'm about ready to scrap my 20-year, six-figure IT career, sell the big house, radically downsize, and just fly under the financial radar.
Seriously. I'm done pulling the wagon.
The only way to starve this beast of a tyrannical government is for the producers to simply stop producing. Take off the comfortable, luxurious handcuffs and live simply.
That’s why I never took a job in N VA or similar places.
Those are excellent sentiments, and I agree. I just also realise that it won’t happen in my lifetime.
As they once said in the old Soviet Union:
"We pretend to work and they pretend to pay us."