Hapless Political Agendas and Tax Increases

The Face of Unemployment

Since late December 2008 I have been unemployed for more than 12 month(9.5 months, then again for 2.5 months).  I’ve exhausted savings, extended credit and finally took a job 2000 miles from my family so that I have the best chance to ‘turn the ship around’.  Oh I nearly forgot to mention, I’m a computer programmer with a wonderful resume.

So here I am, a well educated professional with little optimism about where my next contract will come from when the current one concludes; and like far to many Americans, I wonder how we got to this point?

While I carefully rebuild my business I am confronted by how a new congress will move to stabilize a shaky economic recovery and if I can even plan a strategy that will insulate me from their hapless political agendas.

I’m not in favor of tax increases. I believe we have a government that is far too bloated and can easily be cut back.  It’s true, it will be at the expense of ten’s of thousands of government employees, but I’m sure we can figure out a parachute for them considering the billions of dollars we will save as a country.

I’m not in favor of tax increases as a proposed solution to our woes, nor do I think tax cuts will somehow super energize small businesses to start hiring new employees either. The motivation for any business, be it small or large, to hire additional employees is to fill needs brought on by growth in sales. How reckless to suggest a small business should hire more staff without the underlying sales merely because of a small tax cut.

I’m not in favor of tax increases but (and this is a big BUT) here’s where I start to have some indigestion; when we discuss extending Bush era tax cuts (did I mention hapless policital agendas?),

I don’t see the wealthy on the picket lines holding up their signs, I don’t see them at the rally’s protesting against the onset of increased taxes, in fact, I don’t see them at all.

What I see is a very cleverly crafted campaign that successfully engaged the lower middle classes to protest on their behalf.

Sorry, no wealthy folks here!

When a person hits a certain income level they can hire the best CPA’s and financial advisers to skillfully guide them to lower taxation than most of the rest of us pay. I can’t afford these strategists any more than most average Americans (can you?) and it does beg the question, why should we have to “hire the best CPA’s and financial advisers to skillfully guide” in the first place, just to pay our fair share of the tax burden? One could certainly argue here that the middle class is paying in excess of their fair share of taxes because they are either unaware or unable to use carefully hidden tax loophole available to wealthier Americans.

Shame on Congress for conceiving a tax system that is so complex that entire careers are made by some to just read the yearly updates to the US tax code and pass on the changes to other tax professionals.

It’s time Congress takes a serious run at a simplified tax code, one without clever loopholes, one that can be understood by anyone with a ninth grade education and one in which everyone contributes except the most needy among us.

If you did not vote against incumbents you can expect to get the same results from Congress you’ve always gotten, more hapless politcal agendas.

Thanks for reading this far.

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