Where do we begin ? Part I

Where do we begin ? Part I

There are 6 comments on the Bennington Banner story from Sep 13, 2010, titled Where do we begin ? Part I. In it, Bennington Banner reports that:

At Stratton Mountain during the weekend of Aug. 27 and 28, a new event was held -- the first Annual Vermont Solutions Festival.

Join the discussion below, or Read more at Bennington Banner.

You are Correct Sir

Bronx, NY

#1 Sep 14, 2010
Keelan hit the nail right on the head in his description of some of the problems in Bennington County. But he did leave out one important fact.

If we elect Brian Dubie as our governor he has declared that he will cut state spending by additional $250mil out of a budget that has been cut by $200mil. His B.S. rhetoric may sound good, but the practical results are that each and every problem Keelan raises will get worse without state support.

Let's hope that he explains how tax cuts for the rich will solve all these problems in Part II
Jeff Phillips

South Burlington, VT

#2 Sep 14, 2010
You are Correct Sir wrote:
If we elect Brian Dubie as our governor he has declared that he will cut state spending by additional $250mil out of a budget that has been cut by $200mil. His B.S. rhetoric may sound good, but the practical results are that each and every problem Keelan raises will get worse without state support.
Whay kind of stste support? Must we always look to the Government for all the answers? Cutting BOTH taxes AND spending is the absolute best way to revive an economy.

This idea that cutting taxes results in less money is blantantly false. It is not a zero sum game here. When bush cut taxes the revenue INCREASED, and we cut the Federal deficit by 30%.

Our Legislature is spending more than it's taking in. So they MUST cut spending! But they also need to increase revenues.
You are Correct Sir wrote:
Let's hope that he explains how tax cuts for the rich will solve all these problems in Part II
Here's how we raise revenue. You cut taxes.

You see, when the people who have money spend it, they create jobs. When they go to restaurants, they create jobs. When they buy a Cadillac, they create jobs for the factory, the dealer, etc. When they buy a boat, they create jobs for people right down to the brass screw makers. When they build a house, they create jobs for carpenters, plumbers, electricians, concrete workers, cabinet makers, landscapers, etc.

All of those people who got paid by the rich then go out and buy a car, go to restaurants, and spend that money. And the economy improves. Oh, and they in turn pay taxes. So you can have a few wealthy people paying a lot of taxes and not spending it in the community, or a lot of people paying a little in taxes. When you have the latter, the economy explodes.

As an aside, when Bill Clinton raised taxes on yachts to punish the rich, two things happened. One, the rich went overseas to buy the boats and therefore didn't pay any taxes at all, and two, the boat builders stopped making boats and the brass industry in America almost disappeared. All the hardware on a boat is brass. So the government got LESS in taxes and a lot of people lost their jobs. But they sure punished the rich, right?

Just a question. Has a poor person ever given you a job?
You are Correct Sir

Harwich, MA

#3 Sep 17, 2010
You think that by giving a tax break to people pulling donw a couple of million a year is somehow going to end up helping the mentally ill and Meals on Wheels recipients? If so, Mr. Phillips, you are sadly mistaken. How much help did the poor get under the tax breaks that the rich received, and are currently receiving, under the Bush tax cuts. Read the papers. Just yesterday we learned that poverty has increased here in America. Yes, we need to produce jobs. We need to recind NAFTA and discourage corporations from taking all of our manufacturing jobs to China. You with me here? Probably not.
Jeff Phillips

Montpelier, VT

#4 Sep 17, 2010
You are Correct Sir wrote:
You think that by giving a tax break to people pulling donw a couple of million a year is somehow going to end up helping the mentally ill and Meals on Wheels recipients? If so, Mr. Phillips, you are sadly mistaken.
Easy. When taxes are cut, more money comes into the Treasury. It's not rocket science. And when the Treasury has more money, the very programs you cite are fully funded.
You are Correct Sir wrote:
How much help did the poor get under the tax breaks that the rich received, and are currently receiving, under the Bush tax cuts.
Under the evil Bush tax cuts, the bottom tax bracket went from 15% to 10%. The lowest rung on the ladder got a 50% tax cut. And every other bracket was lowered as well. The "rich" got the smallest tax cut. The child deduction was doubled. And everybody got a rebate check for $600 PER CHILD. As a matter of fact even those who don't pay taxes got a rebate check too. But you probably don't remember that, do you? Those tax cuts benefited the lower and middle classes the most. But you want them rescinded, right?
You are Correct Sir wrote:
Read the papers. Just yesterday we learned that poverty has increased here in America. Yes, we need to produce jobs. We need to recind NAFTA and discourage corporations from taking all of our manufacturing jobs to China. You with me here? Probably not.
NAFTA has nothing to do with with companies moving offshore. The North American Free Trade Act did nothing more than reduce tariffs between Mexico, the United States, and Canada.
They do it because they cannot COMPETE with countries with lower taxes and regulations. Our corporate tax rate is among the highest in the world. And since we now live in a "global economy", they can't afford to make anything here.

And nobody is sadder than me to see our once great manufacturing base disappear.

But there is also competition between states for companies. You read trade magazines and the South is growing a manufacturing base. Why? Taxes are lower in some Southern states and electricity is MUCH cheaper. Georgia Power runs full page ads inviting companies to relocate there because of the cheap electricity. And taxes are indeed lower too.

And yes, the poverty rate is high. Because people are out of work, and the administration hasn't got a clue as to how to put people other than his union contributors back to work.

Speaking of taxes, here's a little ditty. The rock band U2 has always been an Irish band. But Bono recently moved the band's headquarters (It is a corporation) to the NETHERLANDS. Why? because TAXES were too high in Ireland. It's just common sense.
Susan Wells

Bennington, VT

#5 Sep 17, 2010
If it cost too much to do business here (any where), business will move and more people will be out of work and driven in to poverty. Yup, that is not rocket science
Joe

Burlington, VT

#6 Sep 18, 2010
Have big property tax breaks for first time home buyers that are residents for new small modest starter homes that phase out over 20 years at 5% a year and if the house is sold at a profit within say the first 10 years they have to first pay back the tax breaks out of the profit before pocketing any profit.

tax breaks for land owners who sell off a building lot if the house that is built on the sold off lot is a small starter home and owner occupied and the lot was sold at or below some reasonable price.

Like say I owned 20 acres and sold off 2 so somebody could build a small starter home that would be owner occupied, for being such a nice guy I would get a break on my own property taxes, like 10% off for 10 years or something to make up for selling off the lot below market rate

Help the young people get established and make it worth while to be responsable adults even if they are blue collar working class people by giving them Hope and lots of other problems will be reduced big time.

The young people can't get established because they are renting mostly in very old buildings and the heating costs are unreal on top of high rent for a rural state. The landlords have the pricing power to stick it too them because of lack of alternatives.

vermont is forming ghetto towns full of section 8 people because of the NIMBY people and save the open space mentality people making it near impossible for young people to make a go of it in lots of the small towns in the state.

The county ghetto is what the small little vermont cities are becoming and the more low income people crammed into one place there are, the worse the problems become.

People don't want handouts, but giving somebody a break so they can get established is what the GI bill did after WW2. Government aid strips people of their dignity, a break and a hand up is another thing. They would still have to tow the line and would have an investment in a starter home and want to look like respectable people to fit in with their neighbors. Section 8 labels people as welfare people.

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