State leaders must spend stimulus money wisely…
By Jack E. Lohman
So here we are. Blaming the abstract “faulty financial system” rather than the greedy CEOs who drove it into the ground with the help of corrupt politicians who wrote the laws that let it all happen.
Unbelievable are the CEOs, totally detached from reality, fighting to retain their $50 million pay packages even while seeking taxpayer bailouts that are funded by the little guys. You know, those low-wage workers they criticize for wanting to increase the size of their own pie. These CEOs and unscrupulous lenders should be fired and proscecuted for fraud, usury, and even stupidity. But they should not be bailed out.
Until we address the real problem by regulating our free-market system, expect more of the same. There is nothing wrong with trying to get ahead and make more dollars, but this nation cannot continue with the terrible imbalance of wealth we now have. History dictates that this massive transfer of wealth will lead to anarchy, and I don’t think we are too far from it.
Now it’s up to Governor Doyle and friends. But spending the stimulus money on temporary projects that only employ a select few road builders, for example, is not productive.
Spending $25 million to expand a perfectly good interchange in Oconomowoc is absolutely foolish, though admittedly this does satisfy the road contractors that help with campaign funding.
I’m not an expert on this, but I do know that I don’t want our state fixed by a bunch of politicians who take campaign contributions from special interests. The state’s nonpartisan Government Accountability Board should appoint a panel of business and labor leaders to create recommendations for development.
We need permanent jobs, and eliminating corporate taxes will free companies to hire back and add new employees. These taxes make no sense at all. Corporations hire expensive accountants, CPAs and attorneys to minimize their taxes, and then they add the taxes and all of their avoidance costs to the price of the product and consumers reimburse them at the cash register.
We pay far more at the cash register than if corporations paid no taxes at all. And in the meantime they are put at a competitive disadvantage with foreign product and must lay off workers or outsource to stay in business. Alternatively the state could subsidize new jobs added. (Though I am retired and no longer own a corporation, we also had no choice but to add these costs to our prices.)
Our political system must change as well. Yes, there will always be illegal bribery. Campaign reform will only eliminate the legalized version and the illegal bribery will continue to result in jail time.
Unless we fix our corrupt political system, we are in this for decades to come.
Sorry to rail on about political corruption on every issue, but in fact every taxpayer problem is caused by political corruption. So it has to be talked about, it isn’t going away. Politicians don’t make stupid decisions for free; they are paid to, and do, perform well.
Campaign cash must flow in order to distort laws, and if it didn’t work to the contributor’s benefit, cash wouldn’t be given. Good laws do not require cash to flow, only bad laws do.
State taxes spent on subsidies and tax breaks, rather than on schools and firemen and policemen, are just a few examples of the effects. It is a far bigger problem at the federal level. See more at www.WiCleanElections.org.