The Sun's editorial ("A costly breakthrough," March 13) appears right on when it stated: "We cannot escape the fear that senators are seeking to raise more money than is truly necessary to make their [tax] plan work." One only needs to look at the headlines of The Sun three days later ("Senate votes for tax on rich," March 16) to realize how prophetic the editorial was.
The comments of elected officials are focused more on defending taxing the more affluent than the need for the revenue. In addition, nothing has been said by those in Annapolis as to what happens when the economy recovers and we see tax revenues skyrocket. As in the past, the surplus will not be returned to taxpayers but rather spent on new entitlement programs that cannot be supported over the long term, which is in part what got us where we are today.
The Annapolis crowd just never seems to get the message — the more you tax people, the more they are going to leave Maryland. Most of the major corporations have left. And, when several years ago the state pushed through a tax on millionaires, some 3,000 millionaires out of 7,000 left the state — along with their tax payments. So how many of those making over $500,000 are going to up anchor as well? Recently, several friends indicated they are fed up with Maryland and ready to move. The comment of one was particularly telling: "Who wants to die in Maryland?"
Hopefully, the House of Delegates will have enough sense and courage to stop the tax mania, and as a minimum, include sunset provisions in any tax increases so they can be revisited as the economy improves.
Ted Mathison, MillersvilleCopyright © 2014, The Baltimore Sun