| Editorial
Let's
Start Somewhere
By Michael Seely, Dorset.
Unless something changes
pretty soon, Vermonters are going to be left with a good view, a big bill
and a long drive to see their kids. This state we all love for its pastoral
beauty is infected with unrivaled political lunacy. The choice is pretty
simple - wait for the inevitable breakdown and the breakthrough that might
follow - or make a break with the past now. I like the second choice, and
I pick the U.S. Senate race as the best place to start. Turning out of
office a demagogue like Bernie Sanders, who would rather ignore the facts
than dispute them, would send a big message.
Someone once noted that if
you put enough monkeys at a typewriter, one of them will write the Bible.
Through a similar trial-and-error system, as well as constant repetition
of his oppositional themes, Congressman Bernie Sanders has figured out
how to get re-elected (and get rich in the process).
With an outstanding new face
in the race for U.S. Senate - successful entrepreneur Rich Tarrant - it
is time for a change. To turn high tax-low growth Vermont around, we must
start somewhere. Why not at the top?
Senate hopeful Sanders personifies
the self-styled Robin Hoods who steal from the rich while professing to
"stand up for the little guy." In actual fact, they steal from the young.
Look behind his claim that Social Security has reduced poverty among seniors;
what he and his co-conspirators don't tell you is that it has done so at
the expense of younger people, among whom the poverty rate hasn't budged
in many years, while their tax bills have climbed unmercifully higher.
Wonder why our kids are leaving
Vermont? It's not too complicated. The tax burden in Vermont is appallingly
high and rising - with scant if any incremental benefit to education, to
health care coverage or to our crumbling infrastructure. Bernie and his
buddies have erected a big billboard at Vermont's border that says to any
intelligent job-creating businessman, "Don't come in." The corrupt paradigm
his laughably ineffectual record in Washington exemplifies - the old get,
the young give - is unsustainable. It's time to say no.
Bernie absolutely demonizes
two modest innovations - private savings accounts, as an adjunct to Social
Security, and health savings accounts to empower health care consumers.
Today's average young families, were these options available, could amass
more than a million dollars in such accounts over their working lives.
And the money would be theirs every step of the way, safe from politicians'
greedy grasp. And don't believe him when he tells you that such accounts
would jeopardize our kids' financial security; PSAs and HSAs would improve
it substantially, with minimal and manageable risk.
Bernie tells you not to worry
about things like Social Security; what he means is, I'm not worried. We
can muddle through a few more years until we have to pay out more than
we take in - that happens in a little more than a decade - after millionaire
Bernie has probably retired.
What we have, as the authors
of "The Coming Generational Storm" say, is "fiscal child abuse" - on an
unprecedented scale.
Bernie and many other politicians
commit it every day. And we let them get away with it. I say it's time
to say no. I'm voting for Tarrant.
# # # # #
Michael Seely, is a private
investor who lives in Dorset. He is vice chairman of the Bennington Museum
and finance chairman of the Vermont Republican Party.

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