A Tax Trinity

 I was listening to a weekend financial program on WMAL Radio-  Broadcasting in the Greater Washington DC Locale- a few hours ago. The host was dealing with answering questions- pro and con on maintaning the Bush Tax Cuts for the Wealthiest Americans, Some say these are needed for the funding of and investing in businesses and for strengthening the stock and bond markets. Some people say these cuts just enrich a relatively few and do not actually lead to any benefit to businesses or the financial markets.

 The substitute host- subbing for John Brinker- then mentioned the cuts that the middle and lower classes yearn for- Lower Pay Check Connected Taxes, Lower Sales Taxes and Lower Property Taxes. They want more power to control their money- starting with getting to have more of it as a result of  cashing their paycheck- they also want getting raises and bonus to be more likely in the future. They believe that lower pay roll taxes will mean better benefits and better pay- pay they can control via the quality of the work they perform.They will produce a better product for their employers to sell, they will actually have a strong motivation to provide that quality and difference making labor.

The sales taxes are a drain on shopping and business enhancement. One indicator of this is how well the Dollar Stores are doing in the waning days of  2010. We usually think of Dollar Stores as place where we have the opportunity to enrich the People's Republic of China. We buy in bulk cheaply made products- produced under JUST about slave labor conditions. There is a great deal of truth to this- yet there is more going on here that is fueling why  people shop there.

 We also see the results of over production at work here. We are buying items at low prices that would otherwise be gathering dusts. The third factor is that people will but products they want at the lowest possible prices- we have a societal concencus, it seems that ONE DOLLAR is an acceptable and reasonable price! American Businessmen are all getting the lesson that the car companies have truly gotten in the last 26 months- We can ONLY stay in business AND return to profitability if we sell a well-made product, that is attractive, appealing and enticing at the LOWEST possible price the company can sanely afford to sell that  car, truck or van for.People, even ion a dire economy, will, all other things will spend money on products that they consider to be so worth what they spend to purchase it.

The last part of the trinity is real estate taxes!People, over a nearly 20 year period decided to make their homes an investment a cash cow  and a strong source for collateral to use for borrowing. About the last thing that these homes were considered to be was- a residence, a dwelling place, a home!That has changed since the late Summer of 2008! Now, People are taking care to more zealously, as they can afford to, to properly maintain and repair their homes.

Most people want their real estate taxes to actually be realistically connected to the price that someone would ACTUALLY pay for their home should they decide to sell it! They also want to actually be able to buy a new house that they will ACTUALLY enjoy living in.! To them, It is unreasonable to tax their home and their property at inflated values that they could not possibly sell their homes and property for.

Lower Pay Roll/ Pay Check connected Taxes, Lower Sales Taxes and Lower and Better Adjusted Property Taxes, Hmmmm, Perhaps President Obama SHOULD CONSIDER challenging Congress to write up and PASS Tax Legislation that will address these desired tax policy alterations.Legislation that he will PROMISE the nation that he will sign as SOON as it reaches his OVAL OFFICE desk!

- Johnny-