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Revenue needs harm our economic picture
The Lexington N.C. Dispatch ^ | 9 September 2003 | Don Ross

Posted on 09/09/2003 6:09:13 AM PDT by defeat_the_dem_igods

...snip...

There´s an important historic reality for people living and working in "capitalist" and "free-market" economic systems. Business is business. This means a CEO (often a major stockholder) of a corporation must deliver a return (dividend) to investors, which is greater than what is offered by a bank or other companies. In order to do so, a CEO must also insure the company´s market participation provides its workers an opportunity to make a "living" rather than an "existence." When neither can be achieved because the costs of operating a business are too high, there is no incentive or purpose for anyone to invest in or work for the business´ continuance.

Our country´s economic system has a common denominator of one - the individual citizen. Thus, every citizen, including CEOs, must produce enough cash to pay their Social Security and Medicare "contributions," federal and state income taxes, sales taxes, property and utility taxes, etc., along with a variety of "regulatory expenses" such as automobile insurance, building permits, license fees and the like. All of that must be taken into account and paid before the first dollar of an individual´s household budget can be declared as "take home" pay.

...snip...



TOPICS: Business/Economy; Culture/Society; Government; US: North Carolina
KEYWORDS: tax

1 posted on 09/09/2003 6:09:14 AM PDT by defeat_the_dem_igods
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To: defeat_the_dem_igods
All of that must be taken into account and paid before the first dollar of an individual´s household budget can be declared as "take home" pay.

Yep.
Thanks to Republicans pushing welfare reform, those who used to leech off the taxpayers are now tax payers themselves. NOW they really feel 'our' pain. NOW they understand what it's like to be enslaved themselves.
Hopefully, those who have eyes will see, and those who have ears will hear, and join us against the Democrats and their social spending, because it's comming out of their wallets now, too.

2 posted on 09/09/2003 6:30:25 AM PDT by concerned about politics (Lucifers lefties are still stuck at the bottom of Maslow's Hierarchy)
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