Tuesday, September 25, 2012

Rich America ~ A Rich Idea Indeed. Does it Still Stand a Fighting Chance

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This is a comment in response to a post on irishcentral.com.

The original message,
"Do you think the wealthy should pay more tax? Share your views

http://www.irishcentral.com/story/ent/manhattan_diary/mitt-romney-poster-boy-for-tax-havens---cayman-island-accounts-part-of-the-100-billion-lost-revenue-to-us-every-year-170958011.html "



My comment in response,



The Fruits of your Dreams Come Alive and Emerge Only through Toil and Labor
" We often hear of wealthy Americans investing overseas. Now, if we increase taxes for them we will start hearing of how they're either moving out altogether, forfeiting their citizenship or finding new loop holes and havens in ways the average person can never possibly fathom. Taxes hurt most of us, just think of what exactly are we paying for: Mismanaged funds? Wastage? Unwanted Excesses? Irrelevant policies and needless programs? Interventions that burn more of our hard earned money than anything else? If you cut taxes, you make it easier for the average enterprise, the smallest of contractors and subcontractors to breathe, stay alive and compete. By increasing the tax burden you put a weight on communities, businesses and the people of this Nation unlike anything they're used to bearing. This was never a Socialist Nation with a big government that needs loads of your money in taxes just to stay operational and then still manage to build these massive debts. It was a Nation where Free enterprises thrived and businesses supported other businesses and everyone else. Investors stop investing not because they started searching for tax havens and new and more promising opportunities overseas but because we fell behind at some point, all our fancy corporate upper management folks mismanaged and threw away the trust placed on them. Our education system has been dealt a sad and unfortunate blow that has necessitated the need for a highly skilled work force to be migrated in from abroad. There has been such poor planning and neglect when it comes to such things. We are seeing political deadlocks and even a needless crisis emerge like never before. To top it all of just observing and examining our health care system, some of its unethical practices that cater more to profiteering than saving lives explains just how many Americans chose to take and take without ever giving back or contributing to raising the bar for this Nation, its communities and people. Individuals and businesses ought to take pride in their work and strive to be the best of the best, there always has to be an ever ready and alive intent to compete. Only then will you get to see the fear disappear, the trust grow back and the funds flying in from every little tax haven that's out there. You can't fight with the choices the rich have but you can definitely work with them if you are sensible and open minded enough to understand how the global market place and economy functions.

Sincerely,
Jai Krishna Ponnappan

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