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Short-Sided and Morally Corrupt Tax Policy

By Expert Author: Thomas Alston | Article Abstract
Word Count: 484 words | Views: 48 view(s)
Here is a perfect example of selfish behavior and talking out of both sides of one's mouth. This California politician uses the sane argument to defend his position to enhance his own district yet he practices insanity when it comes to the overall good of California. I suggest he apply the sane argument to all financial situations in this state, not just in his district. It would result in a less oppressive government, more freedom and a hell of a lot more jobs in California.

In a recent article titled "Saving Jobs --- Losing Jobs," by Joel Fox, the Editor of Fox and Hounds and President of the Small Business Action Committee, he wrote:
"Assembly Majority Leader Alberto Torrico is making a valiant effort to save up to 5,000 jobs that may be lost if Toyota closes down its New United Motor Manufacturing Inc., (NUMMI for short) based in Fremont.

That's on one hand. But on the other hand, Torrico is jeopardizing thousands of jobs in the oil industry by pushing a measure to create a 9.9% oil severance tax and funnel the money to California's public colleges and universities.

In an effort to keep the Toyota jobs in Fremont, the bill co-authored by Torrico would exempt auto plants from sales tax on improvements and refurbishing the manufacturing plant. But, his oil severance tax bill is sure to discourage drilling in the state and lead to a depressing ripple effect in jobs related to the oil industry either directly or indirectly to those servicing the industry and its workers. Never mind the problems for consumers of increased gasoline costs and importing more foreign oil.

And, did I mention the hit on government? Torrico did. Rightly so. In his concern for the closing of the Toyota plant, he worried aloud about the loss of income, sales and property taxes in Fremont.

Wouldn't there be a loss of income, sales, and property taxes in, say, in Bakersfield in Kern County, if the oil severance tax were levied?

We should be saving ALL California jobs during these difficult economic days.
California policy makers must support the workers who build the cars, but also the workers who help fuel the cars, as well." End of article.

It is this piggish one sided view that has gotten us, the voters, into this mess. The proper solution is for the politicians to stop using tax codes to create special pockets of programs for sale that enhances the political contributions to their campaigns. Government intervention in all the markets is more at cause over our financial problems than a few bad business practices by a few organizations.

The voters who suckle at the breast of their local representative in order to enhance their own income at the expense of other citizens of California are equally corrupt. We need to stop before we all go to this decade's version of Germany in the 1930's.
Thomas Alston

About the Author/Author Bio

Thomas Alston is CEO of Aero and Marine Tax Professionals ( http://www.aeromarinetaxpros.com ). He has written sales and use tax articles for legal/professional publications. He’s publisher of “TAX MATTERS,” dedicated to keeping California owners of aircraft and vessels informed about taxes (http://aeromarinetaxpros.typepad.com/). Aero and Marine Tax Professionals is the premier California sales and use tax consulting firm specializing in the area of aircraft, vessels and vehicles.

Article Source: http://www.et.articlesphere.com/Article/Short-Sided-and-Morally-Corrupt-Tax-Policy/191277

Article Submitted: 2009-12-10 | This Article has been viewed 48 times.
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