Tax And Spend - Coronado Eagle & Journal | Coronado News | Coronado Island News: Opinion

Tax And Spend

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Posted: Monday, May 27, 2019 10:42 am

With wealth accumulating at the top, I think it’s time to redistribute and adjust our priorities as a country. Sure, it’s great to have a strong military and police the world and a massive influx of immigrants poses a serious threat with respect to the issue of keeping our citizens safe and our ability to provide for the basics of living to an increasing population. I think it’s right to address these situations first and foremost, but then what? There’s a no-conservative movement in this country under the leadership of Donald Trump, similar to what happened in the era of Ronald Reagan, with opulence and wealth being glorified.

But Reagan made his share of mistakes, one of them being the fact that he put a multitude of mental patients from the hospitals to the streets and his idea that “there’s a reason why people are homeless” as if they brought it on themselves, was a bit counter-productive. One of the reasons why people lose it all is the high price of health care, health care being the number one priority in my mind, with improving failing infrastructure a close second.

My proposal would be 40 percent tax on billionaires, 30 percent tax on multi-millionaires (say over $10 million a year), a 20 percent tax on $250,000 to $10 million, and 10 percent on those making under $250,000 a year. He could then pump the revenues into such projects as Social Security, infrastructure and Medicare benefitting everyone in the process.

In this way, the needs of society would be put before the greed of the individual and the accumulation of wealth and the fallacy of the trickle down theory could be reversed. Pure capitalism, like selling a $13 pill for $750, and fierce competition brings out the worst in people.

We need to focus more on the well being of others and health and happiness for all, not just those who can afford it. Health care might not be inherently a “right” per se, but the Good Society makes it so, the true measure of a country being how it treats its sick and downtrodden. Government exists to provide for a safe environment and to give assistance to people who are having a hard time helping themselves. We need more of it.

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