Do the math
To the Editor:
What recent letter writers to the editor fail to remember is, that under President Obama the national debt increased about $1 trillion per year or $8.36 trillion during his time in office. Compare this to the estimated $1+ trillion deficit over the next four years as projected for the new tax law. The first is a reality, the second an estimated guess which may or may not happen.
Woodoo math comes to mind or is it deception? If a statement is repeated often enough, true or untrue, many people do take it as true.
I do not begrudge anybody’s $1 million home with a $10,000 property tax bill who will have their standard deduction raised from about $12,000 to double that amount. I would not try to go down the road to guess their annual income and how they would fare under the new tax law. When a new law is proposed either in Washington or Sacramento it should be a bipartisan event and not a time when one side stays in the corner and pouts. The exception however is Sacramento, where the Democrats have a stranglehold in both the Assembly and also in the Senate and a governor who signs anything that the legislature sends him, case in point is the state gas tax increase.
Do not let yourself be bamboozled by those who did not participate in the crafting of the new tax law and expect that you do not check out their outrageous statements.
I still espouse the idea where each county in California should have a state senator and not be proportioned by population for each state Senate seat as present. Remember that Delaware and Rhode Island, small states in the union, each have two U.S. senators each, as well as California or Texas, each with larger populations than Delaware but each only having two U.S. senators.
We need real tax reform
To the Editor:
In the letter “Trickle down economics works” (12/19/17), the authors describe how they made money by remodeling two homes, and say that this is proof of the validity of trickle down. Their efforts, however, have nothing to do with trickle-down. This theory involves giving tax cuts to the rich who will then, presumably, invest in the creation of employment opportunities for the masses.
Their letter, however, does identify another phenomenon that is worth exploring. This is the strategy of the wealthy, Republicans, conservatives and Trump to equate the money they get from tax cuts with the earnings of those who work for a living, in the case of the authors of the Dec. 19 letter by value-added work they did in their homes.
“Taxes are what pay for a civilized society,” said Oliver Wendell Holmes. What do the “Trickle-Downers” have against society? They have gotten so much. Why don’t they at least have the decency to pay their fair share of our national needs rather than undermine them by limiting tax revenue?
And equating tax cuts with earned income enables these greedy freeloaders to induce the working public into siding with and becoming cheerleaders for the super-rich, becoming enamored with the tax cut mentality, and see funding of the social programs that make our society truly great for everyone (e.g. schools, police/fire services, infrastructure in general) as irresponsible threats to our way of life.
The “trickle down” era began with Reagan. Somewhere during the last 30 years the river dried up before the water got to us. Let’s have a real tax reform program that will get the river of American prosperity flowing again.