Growing Into Adulthood and High Taxes

Marci Wexler Summers, Politichicks

Becoming an adult is an amazing experience. It is amazing to realize that you have the freedom to own a home, purchase a car, and even choose all of your favorite items at the grocery store. I’ve thoroughly enjoyed figuring out “grown up” life with my husband. We’ve loved house hunting and signing the papers for our first mortgage, buying a new car, and starting our professional careers together. Having two incomes and no children, we’ve enjoyed the satisfaction of earning, saving, and spending our well earned money. But this year, as tax day loomed closer, I found myself mad. Not just slightly irritated like the way I feel after I buy a pair of shoes and realize a week later they go on sale, but full out furious about the amount of money that is being taken from us on a biweekly basis. Here are two realizations about our current tax system that I’ve come to as I have grown into adulthood and high taxes.

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Capitalism: The Engine Of Human Progress

It took six thousand years from the invention of the wheel until we developed the two-wheeled cart. … From the time of Moses to Wyatt Earp we moved from two-wheeled carts to four-wheeled carts — buckboards and stagecoaches. Yet Wyatt Earp, who is an adult when he participates in the gunfight at the OK Corral, sees the movement from four-wheeled carts to the Model T. My grandparents were born before man had ever seen powered flight, yet lived to see a time when you could buy a trip into space. The rapid increase in innovation and the wealth of the masses occurred because the West gradually developed the economic system of market capitalism and a compatible political system.

-- Gary Wolfram,

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ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

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