Tuesday, October 2, 2012

Taxes and Leadership ? It's Your Money ~ Demand Fiscal Responsibility and Transparency !

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          This is a comment in response to an interesting statement by Angus King, a Maine independent for US senate.
The original message, 

"I will not sign any pledge that limits my ability to represent Maine. "




Image Ref. https://www.facebook.com/photo.php?fbid=438060762898471&set=a.351838554854026.76499.344010372303511&type=1&relevant_count=1 

         This is a highly debatable and crucial subject of great concern and grave consequences for many of us and this Nation. Given national politics and the directions taken at the center, it's easy to understand why many might be inclined to follow suit and make such ill-conceived associations. I agree that it plays an essential role but taxes alone don't make or break leadership. Taxes factor into the economic climate and environment, and eventually impact/affect people, investors, enterprises, their sentiments and the decisions they make. Governments have a responsibility towards All people, they are answerable the most when it comes to hindering growth and progress in the pursuit of excessive governance, regulation, taxation and similar socialist agendas.


P.S ~ This is an educational and insightful video, but it still does not touch upon or factor in the Human component and volatility stated above,




Sincerely,

Jai Krishna Ponnappan

P.S ~ I hope others can learn from this, it can be understandably difficult to walk that thin line. I'd like to add that Angus has outlined his plans and intentions for a lowered tax rate here,

Ref.
http://angus2012.com/issues/#TaxReform

" Implementing tax reform :

Federal tax law is too complex – it takes over 73,000 pages for the Standard Federal Tax Reporter to explain the federal tax code. The tax structure must be simplified and reformed to lower rates, close loopholes, and ensure that everyone is paying their fair share – this includes the wealthiest Americans. I was in favor of ending the Bush-era tax cuts immediately, but after continued poor employment numbers, we need a more nuanced approach. We should consider pegging the sunset of these tax cuts to something non-arbitrary, like a certain amount of GDP growth, or a lower level of unemployment. This would avoid the unproductive brinkmanship that Congress engages in over this issue – and could prevent our fragile recovery from being further slowed down."





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