What money are we ‘sitting on?’ | TheUnion.com

What money are we ‘sitting on?’

On Dec. 13 in this column, Tom Woods asked, “Is it ethical to raise taxes on those who can really afford it and are just sitting on the money or restricting funds to those who have nothing?”

I am confused as to what money he believes citizens and taxpayers are “just sitting on.” Is he referring to money in our 401Ks? Is he referring to money that we have carefully and frugally saved to assist our children or grandchildren through college? Is he referring to money we have invested to see ourselves through our old age without becoming a burden on either our children or our government? Is he referring to money set aside in health savings accounts? Is he referring to money saved in order to start a small business and hire employees?

Is it unethical to “sit on this money” today in order to care for ourselves and our family tomorrow?

Just asking.

Terry McLaughlin

Nevada City

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


Michael Wilkie: Downtown folly closing street


I’ve lived in Grass Valley since 1976 and one consistent complaint about downtown is about the problem with the lack of parking. We’ve had signs, meters, meter maids and even talk of a multi-story parking…

See more