Is this really so difficult to understand? I can't believe that educated people who went to these big Ivy league institutions and studied economics with geniuses can't figure this stuff out. It's not rocket science.
For YEARS here at the Aurora we have been saying the same thing. It makes no sense to punish the producers with higher taxes. They already pay a disproportionate amount of taxes. If anything we should actually be giving them a tax cut.
Gary says.... why?
Lily says...that's not fair!
Mike Bloomberg says...."They [the wealthy] are the ones that buy in the stores so that people that work in the stores have jobs in the stores, generate sales tax," he said.
"The rich are the ones that go to the expensive restaurants where, as a matter of fact, I looked at a list the other day of restaurants where the staff is unionized. They're the expensive restaurants. They're not the cheap restaurants."
Thank you Mike! Finally you're saying something that makes sense! Now how about Obama's proposal to cut charity deductions from the "rich" who make over 250K per year? .....What say you Mike Bloomberg?....whIn a rare public break with President Obama, the mayor said attempts to lower tax benefits for donations by families earning $250,000 or more would have a devastating impact on charities that have already lost 30 to 40 percent of their endowments.
"The people they depend on for new gifts have lost an enormous amount of money," the mayor said. "And to make it harder by making less deductibility doesn't make any sense to me whatsoever."
Nor to me Mike. Thanks for finally speaking some common sense.
fyi. the top pay for school teachers in MANY Long Island districts is well above 125k, so according to Obama two school teachers working for 2o years to get to that level with a modest home, college tuition for their 3 kids and and 2 used cars are rich. In case you're wondering YES I'm speaking specifically of people i know who live in my town and are bitching about the $9000.00 in property taxes they pay on their 3 bedroom ranch.
5 comments:
Who's Lily?
Cutting taxes for the wealthy isn't a new idea. Bush did that. Let's cut taxes for the working class, who now pay more in payroll taxes than income tax. I read recently that the average worker will get $65 a month more in his paycheck under Obama's plan. And guess what, most workers live paycheck to paycheck, so they will spend it, stimulating the economy. The rich had their turn; now it's ours.
So you agree that tax cuts work then?
Thank you for being man enough to admit it even though it goes against your liberal ideology and everything youve been writing here for years. Theres hope for you yet.
Im all for giving the middle class a tax break as well, and why Im in favor of a flat tax.
Obama campaigned on tax cuts for the middle class. The middle class has been screwed in recent decades while the rich have gotten richer, and it hasn't trickled down. In fact, it's trickled up.
Saying it doesnt make it so, he did not campaign for the middle class and his policies are not for the benefit of the middle class. Its a feel good red herring at best, purposely deceitful at worst.
Speaking of...
The middle class dont have a right to be rich and the poor dont have a right to be middle class an so on and so forth.
However..
EVERYBODY that pays taxes should be able to keep the bulk of the monies they earn and expect the taxes they do pay to be spent responsibly which they havent been since the income tax was first implemented during the Civil War. So Im of the mind the less taxes controlled by government the better, and thats across the board all brackets.
Its our money, not the Federal Governments, a simple fact lost on politicians.
What is important is that we dont implement a punitive tax system that targets those that contribute the most already and gives "tax rebates" to people that dont pay taxes at all is fucking ricockulous.
If you are so against supply side economics why do you support a policy that gives power to the federal government to trickle from the rich down to the poor?
There is nothing fair about that, and where Im from thats called stealing.
Part of the problem we are in now is that the poor lived like they were middle class and the middle class spent like they were rich.
Go into any poor neighborhood and look down, you will a street lined with litter and $200 dollar sneakers.
Go into any middle class home and you will see a 50' flat screen in every other room.
A socialized system of gov't that rewards that type of behavior is bound to fail, and to punish those that lived within their means is morally flawed.
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