Sunday, September 13, 2009

Worrier

My dad was a worrier. I find myself worrying but stopping. Does this worry demand action? Remembering that worry is like a rocking chair - lots of motion but poor mileage.


Every year, the government spends hundreds of billions of dollars it doesn’t have, creating a burden of debt for American taxpayers.

The national debt will grow by more than $9 trillion, according to an August 2009 report by the independent White House Office of Management and Budget.

When this debt crisis forces the government to raise taxes dramatically, the effect on our economic growth and productivity will be catastrophic.

How much do we pay in taxes? In New York City, 1% of taxpayers pay almost 50% of the city’s income taxes. In California, the top 1% pay 47% of the state’s income taxes. According to the IRS, in 2007 the top 1% of American earners paid 40% of all federal income taxes.

I am nearing the last 100 pages of Atlas Shrugged. I highly recommend it but using a Kindle would be easier than lugging around a 1,100 page book.

In the novel, the main male character leads a strike of the most creative and productive minds in America. The group refuses to continue to produce for a country that no longer rewards their hard work. The rewarding of wealth to the neediest, rewarding the unproductive for not producing, leads to chaos and worse greed than ever. Oops, hope I didn't ruin it for anyone.

'til later

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