One Commissioner placed the priorities of the County government exactly when she said: “If we can’t make payroll, only the revenue department employees will be working, to collect taxes.”
Locally, one of our favorite liberal/progressive bloggers declares all tax cuts or credits to be government subsidies:
We are taking about the cost of business equipment — not retail items that get sold to a consumer. And that grocery store gets depreciation on its shelving — which reduces the tax bill owed. A subsidy. Not unlike the mortgage tax deduction. Or any other tax credit or deduction.
This is actually part of a fairly entertaining thread that started out about health care and ended up being a tutorial in things that some of our local blogging community do not understand about economics or accounting.
The basic underlying philosophy here is that the government--or the people--has first call on any wealth amassed by individuals or businesses, and that any of the money you are graciously allowed to keep for your own use is a government subsidy. This viewpoint does, inadvertently, have the honesty to admit that the current US tax code is a purely partisan political thing, wherein the government exercises its fiat power to reward certain political groups or encourage trendy pieces of social/economic behavior under the rubric of public policy.
It bears little resemblance to economics or accounting as actually practiced by professionals, but hey....
That's an understandable position, perhaps, when you select as a blogging handle a name that evokes "the archetypal character of someone whose prophetic insight is obscured by insanity" or "someone who believes that he or she can see the future but cannot do anything about it."