Thursday, October 28, 2010

Money Money Money

With today’s pessimistic views of the government, people have been ranting about voting for the “lesser of two evils” in this election. It’s deafening listening to all these people droning on and begging for a “none of the above” option on the ballot because neither Jerry Brown nor Meg Whitman could possibly solve our problems, right? Wrong. In preparation for the big election next week, the Democrat and Republican parties held conventions to parade their candidates in front of enthusiastic supporters. The parties reiterated the beliefs and policies that they wish to bring to Sacramento. And after listening to the Gubernatorial candidates from both parties, I can honestly say that I am giving this one to the republicans. Meg Whitman is not just the lesser of two evils – her plans actually make sense and just may be successful enough to revitalize California’s economy and make it a thriving state once more.
Now the most important issue during this election centers around the future of the economy. After all, everything comes down to money. All of the restrictions and regulations placed on businesses are choking the life out of the economy. Why do businesses stay in California when there are places that have a more favorable business climate? The answer is that they don’t. The businesses are running out of California to places where they can actually make a profit. The solution to this problem would be to make it so the businesses DON’T want to leave California. Whitman advocates for more tax cuts and less regulations on business. The small business start up tax prevents the growth of new businesses and the factory tax is preventing manufacturing jobs from being created in California. I could not have put it better than when Ms. Whitman said, “Excessive taxation starves the economy.” Cutting these taxes can create jobs and grow businesses; this is the double whammy of reforms that can get California back on track. It is a lot more effective for the government to help businesses create jobs than to create jobs from thin air. Installing a high-speed rail way would be mighty convenient, but those employees still have to get paid, and it is not the taxpayers’ job to provide the money when these funds could be better used else where. We should let the businesses that can afford to pay more salaries create the jobs, so the government has more money for other services that will benefit all of the taxpayers.
Remaining stagnant in the ever-changing world is proving to be disastrous for every aspect of the government. We need to change California for the better and making targeted tax cuts will foster job growth and can spark the change that we need. The conservative side of this issue has it right. We should be pleasing the businesses because it might be a hard pill to swallow, but the fact is that our economy depends on them and we would do well to not drive them away or smother them with regulations.

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