500+
Billion Dollars US Deficit Proves Conservative Tax Cuts as Failing Ignorant
Protocol for the World.
(Deepak Sarkar, 5/6/2006) www.kolki.com
[From the Author of
“Poems by Kolki – Absolutely Humane”, “Real Path To 9/11”
& “Sayings of Kolki”]
With $8,349,919,230,886.14
US National Debt and 21% of Canadian Tax dollars going to pay for the Canadian National Debt any apparent
budget surplus can never be justified for tax cuts mainly to enrich the rich
while praying on usual public greed! After all who doesn’t relish a real tax
break which minimizes huge gap in earnings and makes tuition affordable to all for
national and public interests!
Imagine a corporation giving away its
capital back to investors because the CEO doesn’t know how to invest for the
betterment of the company. That CEO will
be fired right away by the Board of Directors! But unfortunately, when it comes to Public Money
and Welfare, that seems to be the Conservative Politician’s theory and belief.
World
has created many renowned Management Institutions with mostly Public Money for
the benefit of all people. But Conservative Think Tanks try to preach two
‘Mantras’ -Tax Cuts and Interest Rates Cuts as the
solution to all social problems.
It
used to ‘Trickle Down’ when the money from
irresponsible tax cuts stayed inside the country! But now the end product is Deficit, Smaller Public government, Essential Services cuts,
Higher education costs, Larger Military government and endless User fees.
In
this global economy, most rich, who benefit the
most from Conservative Tax Cuts, would never invest their public gift
from tax cuts, inside the country when Bank Interest Rates are low and Return
On Investment from Stocks are negligible or negative. Thus, most of the
public money lost due to tax cuts would be invested in the markets in
other parts of the world, contributing to other country’s momentary economy to
maximize private profit.
Only
the Middle
Class would dare to buy goods or invest that money inside the
country. While poor
probably simply pay a tiny portion of their’ existing debts or have a
feast for a change.
Thus the usual Conservative Antidote of Tax Cuts and
Interest Rate Cuts seem totally counter productive in the global
free market economy. Rather, debt
reduction, balanced budget and the promise of sustainable environmentally sound
economy would attract domestic as well as foreign investors into country’s Banks
and Stock markets. Current Canadian Economy is a concrete proof of this
hypothesis being strongest among G8 countries.
Government
surplus is good news like the savings in a family. A
Government that runs in a deficit cannot help their citizens during natural
calamity like Hurricane Katrina. People
elect politicians to spend tax money wisely for the benefit of all. Thus
irresponsible across the board tax cuts only prove a politician’s inability
to understand the broadness of the Government and its true purpose to marvel a
democratic society.
Good economy doesn’t necessarily mean a healthy nation. Largest economy doesn’t
necessarily mean rich nation. It is time to re-think and re-evaluate economic benefit
ensuring that it benefits the people whose well being determines the true
richness of a nation.
NewPearlHarbour (9/11 False Flag Operation motives and means)
Terrorists can
blow up buildings, buses, subway cars. But the effects of Irresponsible Tax
Cuts are usually larger and lasting inside a country, and sometime throughout
the world.
About Kolki ☼Kolki Peace Foundation☼ Why
Kolki?
Author: Deepak
Sarkar, 844 Royal Oak Ave, Victoria, BC V8X 3T2, Canada; Tel/Fax: 250-412-2897;
E-Mail: Deepak.Sarkar@ieee.org; Poetry &
Peace Web Site: www.kolki.com
Sayings
of Kolki
Truth
GLOBAL ISSUES