http://money.msn.com/business-news/artic...d=17203296
I read a bumper sticker the other day that I am sure has been around but I generally dont look at car bumpers.
Obama Cares!
Implying Harry Reid, Donna Pelosi and others do as well and certainly more so than the other side of the aisle.
Cares for what? might be the question.
DING and NINGs are firmly placed in blue states.
Some might chalk it up to greed. And I am sure that plays into it.
But State taxes, IMO are no less greedy. I know, feed the starving children (I have 3 and 3 grand kids), give them a Headstart (we read and foster all aspects of education including the fine arts over sports) and fix the crumbling roads and bridges.
I get it.
But too often how those state tax dollars are spent (wasted more often) for me is the crux. In Illinois, I look at the wages of those in the "public sector" and their state funded (oh my, our caring Democratically controlled state government hasnt been funding it) pensions and I
.
I taught for 7 years, 5 in public schools and have a "meager pension" in two states (MI. and ILL.) which I am not allowed to transfer to a personal retirement account (and grow it). I taught in a private school for 2 years and developed a nice little nest egg in a TIAA-CREF annuity that I have always and continue to manage without restriction by the state. So under a private institution I chose to have $ deducted that I can control and under a public institution I was told how much money would be deducted and I had no control over where it went, how it was invested and that I cant touch it until they say I can.
Do you get it?
Illinois, blue as blue gets, is a crumbling financial mess on the potential verge of going "Detroit".
Is there any wonder people with ANY amount of $ would like to have more control over what they earned or someone else did (inheritance) than allow for a greedy, palm greasing, union controlled, bureaucratic stuffed state government (who doles it out to "their buds")?
Personally, I would rather donate $ I earned to my local pre-school or one of my choice (Lawndale neighborhood on the west side) or foodbank, or Crisis Pregnancy Center or the Salvation Army, etc. than the State confiscating my earnings and funneling it to their buds.
Is there any wonder folks with means would move assets away from the Coumo Gang, the Rahm Emmanual Machine and Governor Snowflake in Cali?
Please, have a brain cell.
Solution, instead of career Pols make it temporary stewards.
Don't give reason for flight but instead incentify to give.
Believe me, there is no guilt in making as much and holding on to it as compared to making as much as you can and not willfully giving to others who are justifiably and in unargueable need. Why do you think donations spike during the holidays? One primary reason, guilt. Guilt that we havent given at all since last Christmas or guilt that we havent given enough over the course of the year.
I know I know. There are some of us who give because it's the right thing to do and we are compassionate.
Not being a part of that small contingent I would argue that if you allowed me to keep more of what I sweat and toil for that after I make sure that my kids arent going to be pan handling you (via government funding or literally) I will be more easily compelled to help others.
It's alot easier to keep your hand open as in handing out something than to release your forever tight closed grip from making a fist as you wrestle with the tax man to try and hold to a few more shekals that he is demanding.
Right?
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Interesting read on tax planning
