When a new Wilmington city council and administratWilmingtonnstalled in 2016 the "no new taxes" mantra of their predecessors was examined and put to sleep. The city's infrastructure, mainly streets, had been deteriorating for years and city government had been kicking the repair can down those streets for several years in fear that the voters would through them out if they even hinted at the need for increased revenue. The voters were even denied the opportunity to speak for themselves on the tax issue.
When given the chance by the present government the voters spoke and opted for the necessary revenue needed to fix the streets and provide essential services.
The recent federal and state governments could take a lesson from our fair city. What have they done to fix their infrastructure, revenue and deficit problems? The state cut revenue under the illusion that lower taxes would increase commercial activity and actually increase total tax revenue.
The tactic known as trickle down or supply side economics failed and the state budget is the worse for it.
The deficit and debt burdened federal government is about to walk down a similar path of cutting revenue to increase revenue. Yes really!
Providing essential services to the citizens costs money and must be paid for somehow.
Hey up there! Take a cue from the shining city of Wimington as you contemplate our future. A well explained, fair and limited tax increase will be accepted by the voters. Trust them.
A couple of examples of supply myth busting
Reagan was inaugurated in January 1981, so the first fiscal year he budgeted was 1982 and the final year was 1989. During Reagan's presidency, the national debtgrew from $997 billion to $2.85 trillion. ... Federal revenues averaged 17.5% GDP from 1982–89, versus the 1974–81 average of 17.8% GDP.
Reagan Deficits and Debt Ceilings