There seems to be a growing sentiment in the population that taxes are okay. The thought of raising taxes on the rich is arguably one of the primary reasons President Obama won re-election. Today’s America tends to accept an anti-business, semi-socialist mentality of redistribution of wealth in a way that is truly terrifying. Buzzwords like “fair share” filled the campaign and apparently made sense to the majority of voters.
It simply doesn’t make sense to me.
There is a combination of math, psychology, and common sense that goes into the thinking that cutting expenses and encouraging business growth increases the prosperity potential at all levels, but it’s tougher to sell to a population that operates in much the same way as the government. We are not the thifty, hard-working Americans who understood the need for frugality and embraced simple archaic truths such as “a penny saved is a penny earned” just three decades ago. This generation is entitled and unfortunately the concept is working its way up to older generations.
When given the choice of saving up for an iPad, not buying it at all, or throwing it on a credit card and paying interest on it, many Americans seem to mirror the actions that the federal government has been taking for a long time. It’s this mentality that sends many people into a frenzy over their own needs and makes the concepts of raising taxes on people who have more money than them absolutely appealing. Most in Washington today – the majority of Republicans and a good number of Democrats – realize with crystal clear clarity that this direction has zero chance of working mathematically, but the people on the right are not convincing enough and the people on the left who understand this are not willing to risk their own careers over doing something as insane as going against their party.
Some way, somehow, the people need to be educated on the challenging math behind fiscal responsibility. They need to be taught that raising taxes is a band aid that makes the wound fester underneath. It does much more long-term damage than the short-term gains that are had from it and creates a mentality of abundance in an atmosphere of decadence.
The problem we face is that the concept of taxing others is a way of indirectly buying votes. We have two years to buy back some of those votes with responsible actions and sound economic principles. It cannot come from the government and by the time the candidates get going for 2014 it may already be too late. We need to start educating the population now as citizens.