Wednesday, December 5, 2012

The Federal Deficit and Going off a Cliff

“Yet, how much of our government’s purchases/expenditures, for example, are directly tied to doing business with US corporations and big banks?”

  Dear friends, 

 The federal deficit is defined as, “The excess of federal government spending over tax collections. The flip side of the federal deficit is the less common federal surplus, the excess of tax collections over spending.” 

 Yet, how much of our government’s purchases/expenditures, for example, are directly tied to doing business with US corporations and big banks? So, what if the government charged tax rates according to the amount of money and other assets that an enterprise has, since greater security (i.e., police and military) is needed in order for that aforementioned enterprise to survive? After all, the current crop of Republican politicians and their corporate sponsors/bosses enjoy the protection of their assets, both here and abroad, at low cost? 

 I mean, what if they had to hire their own armies and police? Would that be a higher expense than the taxes that they pay at present? And so, is the rant about wanting “small government”, actually, a red herring? 

 How much time would the owners/managers of the aforementioned corporations and banks have to invest towards creating more wealth, if they had, instead, to spend more time on protecting their assets from those who have less (the so-called 99%)? Moreover, what type of lives would these owners/managers of corporations and banks, mentioned above, have, in terns of enjoying their wealth, as a result of having the responsibility of protecting their assets? 

 Please remember that greed is always short-sighted, from the cheating spouse to the BP oil spill. 

 G. Djata Bumpus

1 comments:

bjlove said...

Well Said. Right to the heart of the matter.
Further, those who want less government can go to places that have less government - I can name a few.

Those who want religion to determine public policy should go and be with the Ayatollah, or transfer allegiance and citizenship to Afghanistan.

Barbara Love