Conservatively Speaking
State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
Driving the wealthy out
Some states, including
One of the ramifications of this tax increase is that wealthy residents will pack up and move, taking their investments, job creation capabilities, and charitable donations with them.
Jacking up taxes for the wealthy may sound appealing, even fair to some. However, as Edwin Feulner, the president of the Heritage Foundation emphasizes, almost half of Americans don’t pay income taxes. It makes sense that at the same time, about half of Americans feel the amount they pay in federal income taxes is about right. As Feulner writes in a recent column, “If you’re paying nothing, that probably does seem like a good deal. Even if it isn’t either fair or sustainable.”
The percentage of taxpayers is declining while spending continues to increase sharply. Feulner writes, “When government gives people cash and programs that cost more than they pay in taxes, most of them will favor ever bigger spending and more government. Who doesn’t love a ‘free lunch’? And, having had one today, who wouldn’t want one tomorrow, next month -- indeed, every day?”
At some point, Feulner concludes the wealthy that are already paying their fair share and then some, will decide that enough’s enough.
Read Feulner’s column here.
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