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home : opinion : letters to the editor April 24, 2015

2/3/2014 11:06:00 AM
Govt. Money

Editor, Times-Union:
Investment income for government?
The Times-Union reported on Jan. 29, 2014, that Kosciusko County government’s “investment income” was down to about $69,309. This sparks the question, why a governmental unit which has the power to tax and even confiscate private property to collect taxes, should have large sums of money to invest?
The point is, that Kosciusko County government has about $42 million in a so-called “rainy day” fund. Yet, at the talk of eliminating the business personal property tax in Indiana, the Times-Union reported that county officials indicated that if that revenue was lost it would have to be replaced. What about the $42 million? Or why no talk of scaling back in some way?  Present-day governments at all levels rarely talk about scaling back due to decreases in revenue. Nor does the rainy day fund keep property taxes from increasing. Rather, the revenue addiction of government has no mindset of economizing like ordinary families know.
So while the average Joe has little or no money to invest, we Kosciusko County residents are to feel great sorrow and empathy toward our county because they have so little money earned on their $42 million, while property tax bills go out twice a year unabated, guaranteeing the state and county their income.  Meanwhile, public schools continue to build yet more facilities without public referendums and that is added to the property tax.
Pay your increased property tax bill and shut up or we will take your property away from you, that’s the continuing theme.  It’s called legal plunder. All property is owned by the state, and your property tax is the rent you pay them for the privilege of living in your home. Stop paying the rent, and you lose the property. There is no private property in America. Even if you have paid off your mortgage, it still does not belong to you and never will. Perpetual taxes on all homes.
Since the county gets so much revenue from property taxes, if they were smart they would dream up ways to get more houses built in the county that they could tax. It works for them.
The same Times-Union article also reported that snow disaster cleanup in the county was estimated at $453,758, above the threshold for federal disaster aid. Wait a minute. The federal government is operating on borrowed money. Our county government has $42 million in the bank, yet we are going to line up at the federal borrowing trough for half a million dollars to pay for the extra snow plowing that was done this month? No wonder America is moving quickly toward bankruptcy.
To me, it is a disgrace to apply for or accept so-called federal disaster aid when Kosciusko County has so much money in the bank. If we want home rule, then we must stop looking to the federal and state government to solve any and all problems.
Rick Wagner
Pierceton, via e-mail





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