John Farley
Supporter
Economic growth is driven by consumers, not by billionaires or corporations. If people do not spend money, the billionaires and corporations cannot sell their goods. Since I was a child in the 1950s, taxes in higher brackets have been cut over and over. The percentage of US wealth held by the top few percent has gone up and up. Today the top 3 percent own more wealth than half of the population. The super-rich do not need further tax cuts, especially at the expense of damaging essential services from agencies like the NWS. And many others, like the work the Forest Service does to prevent wildfires that are an ever-present threat where I live and in many other places. And they do not need further tax cuts at the expense of running up the deficit more. Even with all the massive cuts going on, the cost of tax cuts going mainly to billionaires and corporations is greater than any savings that may be achieved by the meat-axe cuts going on now.I am in favor of limited government. But civil defense - including weather - should be one of the Federal government’s few responsibilities. Weather requires an overall infrastructure that no private company is going to be able or willing to pay for, especially in low-population areas.
Having said that, I am sure there is a ton of bureaucracy and redundancy that can be pruned. Why would NOAA/NWS be different in that regard than any other government agency? We have to be intellectually honest about that, and not get upset just because we are weather enthusiasts. I saw one comment about some NWS offices needing support from neighboring offices during big events; might this not be a good idea? No organization can afford to base its year-round staffing on infrequent peak demands. Maybe there are some cuts to operational NWS positions that are inappropriate, but I feel like we really don’t have a clear enough picture about this yet, there seems to be a lot of conflicting information out there.
ST is not a place for political battles, so I hesitate to post this. But it’s very difficult to have this NWS discussion without delving into policy decisions, including tax policy. It bothers me to *not* respond because this may be all that people see and will start to believe without understanding an alternative view.
We have a progressive tax code, and the Pareto principle (80/20 rule) applies as it always does: a small percentage of people pay the majority of taxes. Those tend to be the people at the top of the income and wealth ladder. So of course tax cuts will benefit them. But “billionaires” are not putting their money under their mattresses. They are deploying capital for investment that drives economic growth. Even if they just invest their tax savings in the stock market, that is driving economic growth. Regardless of who gets it, I would rather see money circulating in the private sector than in government coffers.
As for corporations - they are ultimately owned by people. If you have a pension or retirement account that invests in individual equities, then you as an individual benefit from a tax cut given to a corporation. A corporation is an abstract entity. Less money to the government and more to the corporation is in the private sector and ends up in individual hands somehow or other - through an increase in equity value, or dividend distributions, or deployment of capital in other investments that benefit the overall economy.