By Padmini Arhant
In the State of Wisconsin thousands of protesters are defending the collective bargaining rights staved off in an attempt to deprive workers across the economy from any benefits viewed as liability by the Republican majority.
Budget crisis is widespread within United States and around the world.
As a result the governments at all levels have been adopting severe austerity targeting the worst affected demography through spending cuts on essential programs further exacerbating the vulnerable population plight.
Although the cuts are necessary – the focus is on the vast majority dependent vital services rather than eliminating redundant costs and trimming discretionary investments that are untimely and unaffordable.
Similarly balancing the budget without any revenue from increased productivity or tax hikes on the wealthiest including products and services that are detrimental to health as well as general environment contributes to the growing anti-austerity measures viz. Greece, Ireland and United Kingdom.
Wisconsin for instance could review the areas to generate revenue from manufacturing - being one of the economic strengths in addition to,
The tax rates on personal income especially the top bracket and sales tax that is comparatively lower than other states in the nation.
There appears to be no inheritance tax with the large estate taxes again arbitrarily collected.
Remaining article...contd.@www.padminiarhant.com
Thank you.
Padmini Arhant
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