The clashing arguments that belie the perception of whether or not to spend Liberty’s ‘taxes’ over the objective of rejuvenation in the country, seemingly contradict deliberately with regard to the realm of political stability and economic scenarios. Hence, the never ending arguments on the aforementioned query have been a belligerent contraction on why America is not threatened.
The main reason why this paper primarily and holistically tackle on the arena of political and economic scheme emphasizes the point of fact that “tax power” is one of the administrative-economic power vested to the incumbent officers of the government (Kosters). Given with such, it is evident that how “tax” flows in the vortex of the economy and the impact it consequently denotes is critically illustrated in the code and in the constitution as crafted by those whom the citizens have bestowed the responsibility.
According to Greek Philosopher Heraclitus, he stressed that the “only thing that is permanent in this world is change”, thus, incorporating the philosophical statement on the contemporary situation of today, specifically in America, news explicitly divulge the reality that Liberty is overpowered by Phoenician princess, Europa in currency basis which is then collaborated by the political analysts, critics and policy makers giving idiom to America as that which is cheap, and Europe, strengthened by an over strong euro (Kaletsky).
Leading deliberations and avowals that America is now in crisis and conceivably needs to raise taxes to save the plague (Kosters). Hence, the issue on economic success eventually raises the argument of this paper. In an article written by Anatole Kaletsky, the discussion on establishing the twists of the argument had been wondrously illustrated stating that the “puny” dollar does not entail that the country is already declining, economically.
It surprisingly divulges the rather immense implication of the declination of dollar in the economic field of the country by giving factual and historical explanations which has surfaced during the past years (Kaletsky).
The main issue orbiting the predicament, lounge in the verity that policy makers are impiously falling in the idea that the depletion of “currency’s ceiling” is a manifestation is a sign that America is most likely to swim in the mud of meager, however, in point of fact, it is the reason why the government’s relationship with its people is hooked in the web of complications resulting to political instability and economic downfall (Salvatore, Dean and Willett).
What they could have taken focus onto, instead of consistently raising taxes and spending the ‘people’s money’ to gain back the ‘currency’ reputation must be expunged, and rather focus on strengthening the productivity level of its area under jurisdiction and benevolently consider the fact this ‘downfall’ is perceivably the apprehension of changing the moral values of its people in preparation of taking back the supremacy of the country in the international arena (Kaletsky).
Given with such regard, if America is after the ‘real’ rejuvenation of the country, then they must not compromise the people’s heed over egoistic concerns which might later lead to formidable implications.
References: Kaletsky, Anatole. "Is the Puny Dollar a Sign of America’s Decline? " The Times, 2007. Kosters, Marvin H. Personal Saving: Consumption, and Tax Policy. New York: AEI Press, 1992. Salvatore, Dominick, James W. Dean, and Thomas Willett. The Dollarization Debate. New York: Oxford University Press, USA, 2003.