Why I don't care about your tax bill

The Republicans and Tea Partiers are making a lot of fuss about "re-distribution" of wealth and how their freedoms are being taken away every time they pay taxes.  We should all have the "freedom" to make as much money as we want and be able to keep it all, unencumbered by regulations or taxes. Well guess what?  I could care less what rich people pay in taxes every year, I got problems of my own.  And this is why I don't care: http://us.cnn.com/SPECIALS/2010/gulf.coast.oil.spill/?hpt=C1 Right on the heels of the Massey Energy mining accident comes a oil spill with a huge potential to ruin the lives of the little guys who work in the gulf.

British Petroleum wanted to set up an oil rig in our Gulf of Mexico to tap into the valuable oil reserves so we could have the fuel to power our cars, homes and businesses.  There was plenty of blah-blah about them being "good corporate citizens" and "we care about the environment."  So we let them drill and they made plenty of money doing it.  

Well, because of substandard materials and workmanship (thank you, Halliburton) the livelihoods of thousands, perhaps millions, of people will be affected.  Fishermen and shrimpers will be the first to feel the effects.  Marine wildlife will be killed or contaminated and the people who made their livings catching, buying, selling and serving seafood caught in the gulf will suffer.  There won't be any way to accurately and adequately compensate all who've been affected.  Sure, BP says it's going to pay for the whole cleanup, but are they going to pay everyone who's job has depended on the gulf?  Probably not.  There's just no way to estimate the damage.  And watch them raise the price of their gasoline to pay for it.

Unfortunately, the rich have been lumped in with the mega-rich and maybe it's not fair to tar them with the same brush, saying they're at fault.  However, the rich tend to side more with corporations because the rich invest in them and want to see a good return.  The rich also tend to decry regulation of any kind, be it industrial (think mining) or environmental. 

If the wealthy deserve the right to make money and not pay any more in taxes than they already are, I deserve the right to be able to actually make money.  I'm not looking to make a killing in the stock market, I just want to pay my bills and not have my livelihood destroyed by their greed.  The oil spill isn't the only example of this.  Wall Street greed led to the creation of complex and flimsy mortgage investment instruments and when that pasteboard market crumbled, so did the building industry all over the country.  A lot of really good, hardworking folks lost their jobs.  I'm really sorry the haves don't like all the regulations, but they're not very good at policing themselves and until they are, I'm going to support any soak-the-rich tax the government proposes.  It's as simple as that.  After all, someone has to pay for the unemployment, food stamps and Medicaid that will be needed because people have lost their livelihood to this oil spill.  The rich are the ones that benefit from corporate greed, it's only fair they pay for the damage they've caused.

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Comments 4 comments

LRCBlogger profile image

LRCBlogger 6 years ago

A lot of interesting points. It really all boils down to our congressional lawmakers. Everyday large corporations pour massive amounts of money into both republican and democrats campaigns. Thus, the special interest and corporations effictively "buy" our politicans. That is how the people at the tops of these corporations truly control most of the decisions in this country. In your example, should't BP be responsible for paying for the entire clean up AND making payments to local businesses that will be hurt by the spill (Fisherman, etc). I certainly think so


woodwoman profile image

woodwoman 6 years ago Author

They say they're going to do both, but I'll believe it when I see it. Thanks for the comment!


thevoice profile image

thevoice 6 years ago from carthage ill

great great great hub truth thanks


Springboard profile image

Springboard 6 years ago from Wisconsin

I have to correct one very important aspect of your argument on the mortgage thing. Yes, the banks and the other "rich" folks made a lot of paper deals, and stacked notes on top of notes which could all be invested in. BUT, they did this to curtail risk that the government all but forced them to take on. The government saw it fit that everyone should be able to have a house—who cares if you could afford it. The banks said no way. We don't want to lend money to people who can't pay the loans back. So the gov't stepped in with Fannie Mae and Freddie Mac and said, don't worry, we've got you covered. We'll back those loans with our dollars and through insurance premiums we'll charge for subprime.

And so the ball got rolling.

Pointing the finger at one in this crisis, and I think in the oil spill debacle as well, is wrong. The blame goes rounds.

As for taxes. The only reason we might need taxes, and lot of them, is to encourage and pay for people who, rather than fend for themselves, expect the gov't to solve all their problems. And sorry, I work hard, I invest my money, and I don't have any intention on giving it away to anyone for any reason unless I personally choose to do it.

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