Saturday, December 28, 2024
35.0°F

Avenues for tax-avoidance are a big part of the elite's agenda

| March 15, 2013 4:19 PM

Letter to the Editor,

President Obama keeps chattering away about his agenda of taxing the rich in order to address the huge gap between the haves and the have-nots. 

This is a good strategy to win votes from the lower classes, but I will argue that there is no intention on the part of Obama, the Democratic Party or the Republican Party to raise the amount actually paid by the rich class.  

These people, after all, are the main source of election campaign contributions. Politicians are not about to cut off the hand that feeds them. Oh sure, it sounds like they are really serious about the wealth imbalance when they substantially raise the tax rates for the rich. 

But notice nothing is done except talk by either party to address the real problem of tax inequality which are the myriad loop holes that all allow the rich the means of avoiding taxes. It will not matter if the tax rate for the rich is even raised to 100 percent as long as the avenues exist for tax avoidance.

This same age-old strategy is being used by global elites to gain power: Hollow out the middle class; give a few crumbs to the lower class and favor the upper class with tax concessions and subsidies. 

Globalization is a relatively new phenomena. It is a force, however, that is moving to the forefront of all human activity. 

Communication, transportation, technology, trade and education have all facilitated it’s dominance to the point where national borders are more a suggestion than a reality. Like it or not, the global community concept has arrived.

— Bill Payne

Libby