Reader’s view: Every tax increase hurts a local businessThis is a letter to people who vote. I am a local business owner who employs people, and I spend most of my money locally.
This is a letter to people who vote. I am a local business owner who employs people, and I spend most of my money locally.
Now, let’s see what happens when my expenses go up $50 a month for the Affordable Care Act, $50 a month for property taxes, $50 a month for miscellaneous sales taxes, $50 a month for utilities because of new regulations, and $50 a month for fuel. That’s $250 a month I no longer have to spend in my community.
My neighbor gets the same taxes and other increases in expenses, meaning he, too, has $250 less a month to spend in our community. His neighbor gets the same thing and so on.
It means I cannot go to the local restaurant this week — and my neighbors cannot, either, so the restaurant lays off workers and might even close. My neighbors cannot support my business, either, and then I have to lay people off, too.
Now, the people who have been laid off cannot pay those increased taxes, so the government collects fewer taxes and has to raise taxes again because cutting spending in Minnesota is just not in our culture.
Am I crazy or is this what I see going on?