All Americans have heard Ben Franklin’s famous quote, “‘In this world nothing can be said to be certain, except death and taxes.” Yet we avoid considering and informing ourselves about either eventuality. During a depression, ensuring that wealthy Americans and Corporations pay their fair share of taxes is a matter of life and death. But our anxiety about the economy and ignorance about taxes are being manipulated by billionare-funded mass media campaigns—and these are the same people who stand to keep winning big if the Bush tax cuts are extended instead of expiring in December 2012.
President Obama supports letting the Bush tax cuts expire at the end of 2012 for those making more than a quarter of a million dollars annually. And he’s doing a pretty good job of communicating what fair share tax revenue will do for our country. I’m also encouraged by the messages about tax fairness that have been airing on MSNBC. They are brief, simple and memorable.
Let the rich and corporations pay their fair share of taxes, and let our good government invest the billions of dollars of tax revenue in our people and our country as Nobel Prize-winning economist Paul Krugman advocates in his new book, “End This Depression Now!”
“The economics is really easy,” says Krugman, “If we were to spend more money at the government level and … rehire the schoolteachers, firefighters, police officers who have been laid off in the last several years because of cutbacks at the state and local level, we would be a long way back towards full employment. … Right now, there just is not enough spending, and we need the government, which can do it, to step in and provide the demand we need. … We’ve had austerity in the face of a recession, in a way that we have never had before since the 1930s. … And the results are clear: it’s disastrous.”
Fair share tax revenue is good for America. Let’s invest in our future and provide basic neccesities like jobs, education and health care for our people. It’s just common sense.
~Nancy Logsdon Mandelkorn