Letter: The tax cut fallacy
To the Editor:
An acquaintance asked, “how could Connecticut voters elect Ned Lamont who said he would raise taxes over Bob Stefanowski who pledged to cut taxes.” I replied that taxes pay for services citizens need and at some point the costs of services lost outweighs the benefit of a small tax cut trickling down from larger cuts for the rich and corporations.
Mayor Boughton deplored the tendency of the Republican Party to “pull in the businessman who has never served the community,” over the successful politician who knows how to get elected.
Longtime state Sen. Toni Boucher, now defeated, has warned we are in danger of losing corporations and wealthy people in the tax base because of the tax burden we place on them. One of her supporters speaks scornfully of her victorious opponent for thinking paid medical leave is important.
There are supposed to be incentives in the free market system to innovation, talent, hard work, and rational risk. Competition, consumer choice, some degree of labor mobility are supposed to discipline corporate abuse. In fact, corporate concentration, outsourcing, relocation of corporate headquarters to a closet-sized office where nothing is produced, in a low tax state or country undermine the natural checks and balances to corporate power, not to mention the corruption of government by lobbies and campaign contributions.
Too many are too enamored of the business model and the successful businessman. No institution is capable of self-regulation. We need the natural checks and balances of a truly competitive market system. We need jobs that pay a liveable wage; we need affordable medical care and higher education; we need protection against climate change; and yes, we need paid medical leave.