Monday, November 15, 2010

Whoa whoa! Not extending tax cuts = raising taxes during a RECESSION!!!

I'm fed up with this crap, aren't you?! I mean really, let's dispell with the first myth. NOT extending non-permanent tax cuts is the EXACT same thing as RAISING TAXES. That is first and every economist that I hear says raising taxes during a recession argo taking more money out of the hands of the people, would be very bad right now and might even cause a double dip. Next, extending them for the middle class and not the upper would be just dumb.

Let's be logical here and set aside our media hype fueled middle and lower class Robinhood mentality to steal from the rich and give to the poor....just for a moment. First, if you took ALL of "their" money, we still wouldn't have enough to balance the budget this year or next, and certainly not enough to relieve "our" tax burden anything noticeable and let's look for a moment at who these rich people people are. Many of them, not all, are business owners. And what do business owners do? They own businesses that EMPLOY middle and lower class people. So, wouldn't it seem logical that to tax said business owners more would have an adverse affect on all of us? No? The light buld isn't on yet?

More taxes = less money they have to spend on capital expenditures like expansion, improvement or even....what's that HIRING. It's stunning. We have fallen into yet another class war over an issue, unbelieveable! These politicians and lawmakers use the emotional seed of class war that they and the media have planted to turn themselves into some sort of modern day Robinhood and martar for us the simple poor common folk. More irony? We elect RICH LAWYERS to these positions. Look, plain and simple. Extend the damn tax cuts for everyone, no wait, make the damn things permanent for everyone and let's move on.

In fact, let's focus on reducing government spending...that is the answer here. Not raising taxes, because I know that is exactly what they want to accomplish so they can pay down some of this debt. How else are they going to do it if they don't reduce spending and live within the government's means? Economist are debunking other solutions to it left and right. Pull back, let the private sector breathe, leave more money in the hands of the industry and the people and the economy might just start to up tick. Isn't anyone on the hill listening?! Ahhhhhhhhh!!!!!

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