Joe Doakes from Como Park writes:
Governor Dayton wants another $2 billion, supposedly paid for by the richest 2%.
Nonsense, never happen.
The rich are rich, they’re not stupid. They won’t voluntarily hand over an extra $2 billion – they’ll hire tax lawyers and CPAs to hide their money. Worst case, the rich will move out of state and take their businesses with them.
How many of those rich people live within easy driving distance of Wisconsin, with its tax-cutting administration?
So if the Governor gets his way there won’t be any extra tax revenue but we already will have spent the money. How will we pay for it?
If the rich won’t pay, and the poor can’t pay, who will pay? You know who.
That’s been the fact all along; since taxes on “the rich” never generate what the politicians think they will, but spending always meets projections, the taxes will inevitably filter down to the middle class.
There are 5 million people in Minnesota. There are about 2 million tax returns filed but nearly half of them pay no tax at all (they only file to get a refund) and of the rest, a bunch are “married filing jointly” in which there basically is one earner. There are probably 1 million actual middle-class taxpayers in Minnesota.
$2 billion is 2,000 million. That’s two thousand dollars per taxpayer. Your taxes will go up $2,000 per year, call it $160 per month or $40 per week. A dollar an hour more taxes.
Mark Dayton shut down the entire state government, holding everyone hostage, for a dollar-an-hour pay cut.
But let’s be honest; if Dayton gets his way, this is just the beginning. The auto-pilot increases will continue; it’ll be another six billion dollar “deficit” in 2013; the “rich” will have been tapped out (or left); there’s another buck or two or three an hour.
What’s that you say, it’s not a pay cut? Hey, if your paycheck is smaller by a dollar-an-hour, does it matter whether your boss cut your pay or the government took more taxes? Either way, you’re skipping one tankful of gas, skipping one restaurant meal with your family, skipping one grocery shopping trip, skipping $40 every week for the rest of your life.
Maybe the Governor truly believes we’ll be happy to pay for a better Minnesota. Maybe he thinks his union buddies are clamoring for a pay cut. “Me! Me! Pick me! I want my taxes raised. I want less money in my pocket. Raise my taxes, please!” Personally, I have not heard one single Minnesotan demanding to pay more in taxes out of their own pockets. Raise taxes on other people – sure; but not on me. It’s easy to spend other people’s money. But when it’s your own? Not so much.
But that, of course, has been behind the DFL’s house of political cards for the past forty years – forcing other people to pay for your goodies.
The Governor is holding hostage every citizen in this state, until we accept a dollar-an-hour pay cut.
A dollar-an-hour pay cut.
On top of the cut Obama’s going to give you.
How many of you are “happy to pay?”