Salem – …The carefully balanced, bipartisan package, which Gov. John Kitzhaber and key lawmakers have been working on since late last year, centers on curbing public employee pension costs and some targeted tax increases. Also included in the deal to garner more Republican support are a tax cut for certain businesses…
The Register Guard, October 3, 2013
Lane Solutions Responds and Leave Your Comments
Gosh, Don’t You Wish You Were as Smart as These Guys?
“Targeted tax increases” and cuts for “certain businesses.” Sounds good – Tax hikes for schools and cuts to help some businesses.
But who‘s doing the “targeting” and which are the “certain” businesses?
This is where government always runs into trouble. Because when it comes to picking winners and losers it does a very bad job.
“Targeting” is what got us Solyndra, Brightsource and Geothermal – who went belly up with more than $2.2 Billion of your tax dollars. These and other greenies burn through upwards of $5 Billion in “targeted” subsidies yearly. And that’s not counting 600,000 birds chopped up annually in windmills.
What do we get for these diced birds and billions of bucks? Excluding hydropower, less than 1/10 of our energy.
Why “targeting” fails:
- No group of people (even wizard politicians) can direct the economy, which is a result of billions of individual decisions each day.
- It usually rewards friends or punishes enemies;
- Politicians target with your money. So what if they lose it?
As for “certain businesses”: This usually means “In my district,” “Gave me money,” or our favorite – “My brother in law.”
So – Don’t worry if you’re not smart enough to target other people’s money or figure who should pay what taxes. Neither are they!