Wayne Winsley The Conservative Capitalist

Wednesday, December 5, 2012

Time to Increase Taxes


Connecticut is approaching a projected $365-million deficit this fiscal year, and staring at a $1.1-billion shortfall next year. Governor Dannel P. Malloy and the Democrat dominated legislature seem to be at a loss (no pun intended) as to how to stop our state budget from bleeding red ink.

 Folks, what we need is nice big tax increase. No, the conservative capitalist isn't talking about adding to the  $1.5 billion wallop that Malloy has already socked us with.

 I'm talking about the only kind of tax increase that will really improve the fiscal health of our anemic economy.

 It is time to increase the amount of taxes being paid by increasing the number of people that are paying taxes.

 It is time to increase the number of young people working and paying taxes.

 It is time to increase the number of middle class people working and paying taxes.

 And yes, it is time to increase the number of wealthy people working and paying taxes.

 Governor Malloy is now being accused by some of shredding the safety net to try and balance the budget.

 The truth is, there is only one way to painlessly shrink the safety net. You must decrease the number of people in the net. More people working means fewer people needing help which means dollars are freed up for other things like...oh I don't know, education. or one could really get wacky and actually lower taxes.

 Yes, it is time to increase taxes by getting serious about encouraging and helping business to create more jobs for our neighbors.

Unfortunately, that type of tax increase seems to be beyond the understanding of those in charge, from the White House to the State House.

5 comments:

  1. The elected officials of Connecticut do not grasp the concept of lower taxes increase employment. It's funny that our state raises taxes and the revenue they expected did not reach the level projected

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  2. The problem with CT and some of our neighboring states is that the safety net has become a hammock where people, and in some families, generations lay all too comfortably. If Malloy cuts the hammock so that it becomes just a net, people will get up and scream because that is what they do for a living, vote and scream.

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  3. You have a good point here! If more people are given the proper education, then more will be given the opportunity to have well-paying job. In a community where the majority is contributing through paying taxes, government may be able to design a platform that would decrease the amount of tax to be collected from each taxpayer. We can only hope for the best at this time!

    Kathy Gregory

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  4. The actual selected officers associated with Ct bank don't keep the idea of reduce fees improve work. It really is amusing which our express increases fees and also the income they will predicted didn't get to the degree estimated

    phlebotomy schools connecticut

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  5. “More people working means fewer people needing help…” --- I agree that once the majority has the job they deserve, there would be less complains about tax increase. They would be willing to help the government in making the state more prosperous and have better programs for everyone.

    Regards,
    Bealle Jenner

    ReplyDelete