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The Leavenworth Times - Leavenworth, KS
  • Letter: Holding on to what we got

  • There is a lot of to-do about government income tax, entitlements and judgment of citizens that pay or get them.
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  • To the editor:
    There is a lot of to-do about government income tax, entitlements and judgment of citizens that pay or get them.
    Psychological behavioral economists have determined it is more natural to hold on to what you have, more than the desire to get something by about 2- 1/2 times.
    The expectation would have to be $250 dollars against keeping the $100 dollars you have. Test this yourself.
    How much would someone have to pay you for your car, favorite chair or any of your possessions? If only I hadn't gone to the boats! I would venture you value your stuff more than market.
    So, it is not surprising that we would want to hold on to subsidies and tax loopholes, food stamps, unemployment, or mortgage deduction that keep our level of income the same. Money becomes a burst at first but tapers off as you get use to it.
    Take that last raise out of your budget and see. It is hard to blame us for being ourselves – after all, personal interest is personal survival. "A bird in the hand is worth two-and-a- half birds in the bush!"

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