A major political argument in our society is who pays taxes and how much. The discussion is usually reduced to simplistic arguments as to higher taxation to support government programs as opposed to letting people hold on to more of their own money.
We fail to address the reality that we live in a dual economy.
On the one hand a multitude of people are encouraged to prepare themselves for a salaried career to provide a service for society.
These people agree to work for a limited and constant wage with little expectation of bonuses, including:
police; firefighters; public school teachers; state university professors; public health doctors and nurses; social workers; local, state and federal officials; court system and prison personnel.
These workers are paid by taxes and generally their salaries are modest and limited while they provide essential and necessary services which protect and support the well-being of the larger society.
On the other hand we have a free-marketplace and profit-oriented system.
In this system creative people can develop a private business which provides jobs and services. They can charge what the public will pay for their services and accumulate profit. Whether it's a sports franchise, food services, manufacturing, construction, repair work, media, entertainment or retail the profits can be quite lucrative.
Our graduated tax system has required a higher tax rate as more profit is accumulated. These taxes are used to pay the wages of the services provided by the public service workers that protect and support the social setting.
These two economies are highly dependent upon each other. One could not operate without the other. It is necessary to respect, appreciate, encourage, support and protect the well-being of each sector.
A graduated tax system is necessary and appropriate for the continued well-being of our ability to progress and move forward as a nation to be a beacon of light and inspiration to the world.
Sunday, October 11, 2015
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