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Indeed it is

October 28, 2011
Morning Journal News

Editor:

I've never liked paying taxes. I'd rather pay less than more. I still feel the same way about taxes even when it comes to the United Local school bond issue. At the same time, I recall my folks teaching me, "Don't be penny wise and pound foolish."

I remember that as I consider the bond issue. It's not wise to decide according to what I want for today or my next tax bill, but looking down the road 10, 20, 30 years from now, what's wiser?

Several things influence my decision:

1. Just like myself, the proponents of the bond will also be paying more in taxes. I doubt they enjoy paying more in taxes any more than I do. (Unlike federal lawmakers, they cannot exempt themselves from paying like everyone else).

2. The school board has weighed the alternatives, and determined that the bond issue is the better choice in the long run.

3. The present cost of financing is at an all-time low. It's highly unlikely to stay this low for very long.

4. In light of the $14 trillion federal debt, coupled with the popular no tax increase sentiment to reduce it, it's highly probable that that debt will be "reduced" through higher inflation. That means it's likely that $39 million building today will cost $78 million or more in just a few short years from now.

So even though I do not want higher taxes, I do not want to be "penny wise and pound foolish" either. Consequently, I'll be voting to the United Local School District bond issue.

Richard Ferris

Guilford Lake

 
 

 

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