Monday, July 14, 2008

A taxpayer's plea

I track my annual taxes religiously.  In fact, I am usually one of the earliest filers who even gets back a return by mid-february.  Given that many individuals actually file for extensions, I must say that my timing is certainly an achievement. I have always been happy that my taxes were being put to some good use when I drove on the wide sweeping lanes of Interstate 80 and enjoyed the clean and well maintained rest areas all over the US.  I was happy that the taxes were being put to good use for public welfare. 

Then came the Iraq war - I was outraged that billions of taxpayer's money was being wasted on missiles and bombs. Much better returns could have been achieved by investing in health or education in impoverished countries.  Then came the housing bust.  Greedy pigs they are, banks, mortgage companies and wall street firms have caused a debacle by financing homes for people who could never afford those houses. Amidst the greedy, stood I.  In a house that I could afford, but could not sell when I anted because of the bust.  A bust that was created by individuals who could not afford houses in the first place and the greedy pigs that financed them.

To say that I am in the pits, would be an understatement.  The US is beginning to looks like a socialist society now that the government might actually bailout Fannie Mae and Freddie Mac.  All this could have been avoided if Wall Street was policed better.  The very firms that cry foul when there is government oversight, cry for help when the lack of oversight combined with their never ending capitalistic greed leads to a systemic collapse.

To add insult to injury, I am now being forced to bankroll the very organizations responsible for the trouble I am in.  I know there is no way out, but to take the burden and work my life off to pay taxes and get the system back to stability.  Or, maybe I should rebel like Galt's brethren and create a new world order. Well, that seems impossible now.  Maybe, I will just pay my taxes and hope for the best.

Taxpayer - what a wimp!

2 comments:

Jayarama Krishnan said...

Well, didn't the Iraq war start before you started paying your taxes? So where then were the happy days when the wind was blowing mildly and you saw the green grass and the yellow flowers off I80 and felt all was fine with the world?

Or are you saying you've always been an outraged wimp? :)

Girish Mallapragada said...

Smooth, I had filed my first year's taxes before the Iraq war :).