The roads we drive on, the Medicare that helps senior citizens, the garbage that is collected every week – we all know the source of funding for these services – the taxes assessed and collected by the government, paid for by you and I.
In today’s political climate, there’s no way in hell a candidate would be caught dead calling for an increase in taxes. We’ve all been trained since Nixon’s first campaign to repeat the mantra: tax cuts good, tax increases bad.
But the worldwide financial crisis has changed things considerably. America’s taxpayers bailed out not just America’s largest banks, but quite possibly, the world’s economy. Before all the knee jerk reaction starts about how the government overstepped its bounds, let’s remember who was frantically calling for this governmental action – bank CEO’s, leading investors, leadership of both political parties and the President. Continue reading →