Instead of arguing about taxes and spending, why don't we take a step back and consider our ultimate economic objective: Isn't our theoretical goal to have everyone become self-supporting individuals who are not in need of government assistance? Recognition of this goal leads us to the inescapable conclusion that we should be doing everything we can to increase (private sector) employment opportunities for all Americans. If everyone was gainfully employed, then there would be little or no need to increase taxes or spending.
Unfortunately, this imperative is almost completely ignored in the ongoing budget debates. Simply pumping more taxed or borrowed money into our economy may raise demand for goods and services, but it does little to encourage additional private sector employment. Instead, we should be focusing on how to make the hiring new employees more attractive to employers. One way this could be done is by removing disincentives such as front-loaded taxes and health care costs by basing them on total payroll rather than number of employees. Another way would be to provide financial incentives such as employer tax holidays for new employees.
Why aren't we talking about real solutions to our economic problems instead of nickle-and-dime arguments about taxes and spending cuts?
Unfortunately, this imperative is almost completely ignored in the ongoing budget debates. Simply pumping more taxed or borrowed money into our economy may raise demand for goods and services, but it does little to encourage additional private sector employment. Instead, we should be focusing on how to make the hiring new employees more attractive to employers. One way this could be done is by removing disincentives such as front-loaded taxes and health care costs by basing them on total payroll rather than number of employees. Another way would be to provide financial incentives such as employer tax holidays for new employees.
Why aren't we talking about real solutions to our economic problems instead of nickle-and-dime arguments about taxes and spending cuts?
Last edited: