May 9, 2007

Consider today’s post your own personal Goodboys Nation weblog financial page:

Word is, Americans celebrated “tax freedom day” two days later this year than they did last year (it was April 30), but the sad truth is, there is never any freedom from taxes. They’re not only everywhere, but when you think about the sheer amount of time wasted on them by Americans between the day the tax forms start arriving in the mailboxes and when their returns are filed – whether it be for loss or gain – it’s enough to make anyone crazy.

…And I don’t know whether it’s the Fair Tax (as my brother promotes), a flat tax, or a consumption tax on goods and services people purchase, something oughta be done. And soon. I’d sure love to hear one of the major candidates for President in 2008 make it a staple of the platform they’re running on. But I won’t count on it.

Now I may be no economist – hell, I’m not even much of a mathematician (as my wife can attest to) – but it seems to me there’s more than enough evidence out there that keeping taxes low actually increases the amount of tax revenue generated at the federal and state levels. The more my taxes are kept low, the more disposable income I have to spend in my city, town, and state. But don’t just listen to me on this, listen to my man Larry Kudlow, who lays it out in terms even the most hardened tax-and-spender could understand.

Of course, it’s one thing to generate more tax revenues for the government, it’s a whole ‘nutha thing to expect the government – whether it be at the federal or state level – to use those revenues responsibly. Case in point, the boondoggle known as Boston’s “Big Dig” project, which still needs additional funding to pay for those expensive cost overruns:

The Big Dig, originally estimated to cost $2.8 billion, replaced an elevated highway in downtown Boston with a 3.5-mile tunnel for Interstate 93 and also connections for Interstate 90 and Logan Airport. Construction began in 1991 and tunnel system was completed last year.

The U.S. government capped its contribution at $8.5 billion and the Securities and Exchange Commission has been investigating the disclosure of information related to the financing of the project, according to the bond documents.

Read the whole thing – it’ll make your hair curl.

And, while we’re talking about government waste and pork, don’t hold your breath expecting the “fresh air” and reformHouse Speaker “San Fran Nan” Pelosi promised to bring to Congress after kicking those mean-spirited, “culture of corruption” Republicans out. Seems the Dems are even more hesitant to do anything about earmark legislation reform than their counterparts across the aisle were. (Hat tip: Instapundit)

Filed in: Politics & World Events by The Great White Shank at 01:52 | Comments (0)
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