This Is For Real

By: Tom Morgan

This is for real

You may have seen a prediction here that you would soon face more taxes.

Well, that prediction is about to come true.

And if you don’t earn enough to be among the rich, don’t worry. You will pay the new taxes too. I know, I know, there was this campaign promise. Something about no one who earns less than $200,000 will have to pay more taxes. Forget about that. That was a typical fairy tale campaign promise.

This is for real.

First, there are – I believe – thirteen new taxes connected to the healthcare reforms. Tell me that everybody else will pay those taxes. But you will be spared. Right. Any healthcare bill you pay in the future will contain those new taxes one way or another. Just as every gallon of gas you buy contains a bunch of taxes. As does every drop of alcohol you drink.

Next may come a tax on energy. It will be camouflaged probably. It will be called a green tax or some such. The energy field is simply too fat and tempting for politicians to ignore. They know a small levy on energy, at its various stages, will barely be felt. It will be hidden. Just as the alcohol tax is. But you will pay it.

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The master stroke will be the Value Added Tax. (One of the President’s advisors floated that idea last week.)  It will be similar to a national sales tax. It may start at 10 percent. Or more. Does not really matter. Congress will raise it. My guess is that it will end up at 15 to 20 percent. On most everything you buy.

The government needs the money from these taxes the way a shipwreckee needs a lifeline. Your government is veering toward the rocks. The deficits, the debts, are the rocks.

So, what’s the harm?  Government is going to do so much more for us. That has to be paid for. So we pay more in taxes. We adjust.  We get by. We manage. And government gets enough money to pay its bills.

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