I can hear every Cavalier fan screaming foul, but before they settle their sights on LeBron as the “defector” they need to look at the reasons why he made the move in the first place. What it boils down to is simply a matter of economics. Florida does not have a state income tax so Mr. James will get to keep about one million more dollars per year than anywhere else he may have gone.
State income taxes are an additional burden that is slowing economic recovery. Raising income taxes is never a good idea, even in a robust economy, simply because it take money out of circulation. If the government has it, the people don’t and hence neither do the retailers or banks. And the government don’t have it either because right after they collect it, it gets handed over to the Federal Reserve System to pay down the interest on the debt.
But instead of reducing the tax burden on its citizens, the Obama Administration and the Democratic socialists in Washington are going to tax you on those medical benefits that you receive (if you are fortunate to have employer-paid medical coverage) by including the employer’s contribution as part of your income.
So how is that change working for you now? While the headlines are filled with LeBron James’ defection to Miami, Lindsay Lohan’s incarceration, and of course the devastating oil leak off the Gulf coast, Washington has been hard at work passing legislation that all or in part will deny the citizens more civil liberties and require more rights given up for the sake of what? Reducing the costs of medical care? How? By raising more taxes on what you earn?
I have to get back to this issue again, but I am open to suggestions as to what we can do to stop the ebb of rights and the destruction of the United States from within. And I am still not convinced that Barak Hussein Obama has Constitution authorization to hold the office of President of the United States.
But that is a minor problem in all the problems we now face and must overcome to remain a sovereign nation.