I’m not trying to constantly make political arguments here, but I am curious with the fight that is coming up regarding the Bush tax cuts.
I continue to hear over and over (mostly from the liberal or democrat side), that “NOT” letting the tax cuts expire, at least on the top most wealthy percent, will “cost” over $700 Million dollars.
his is un the theory around the amount of taxes that would be collected from the wealthy when their taxes go up.
Well, for starters I’m always confused by what is considered “weatlthy”?
In the world of Obama, that is over $2oo,000 for an individual, and only $250, 000 for a couple.
Now I say only, as I’m now living in California mostly full time. I know that $250,000 may go far in an area like Arkansas, or even my home town of Kansas City. But in Los Angeles?
I wonder how some people survive on that.
However, I digress. Back to the point.
At the same time there is a discussion about letting the tax cuts expire, there is a concurrent discussion about creating another “stimulus” package.
This “stimulus” would be where the government creates an $800 Billion loan under the premise that the money would be used to “perhaps” create jobs.
More likely, to really pay for teachers, firefighters, orphans and children- which always seems to be the argument.
Ok, I digress again.
On point- Is the country, business, and YOU as an individual- better served with $800 Million in debt being dolled out by the government? Would YOU personally feel any benefit from that? Would it add money in your pocket, savings, or child’s education fund?
What about the tax side? See, if the $700 Billion was “not” collected by the government, that is money that WOULD be left for the individual.
I for one would rather- given the choice of $800 Billion in the hands of the Government, or $700 Billion in the hands of the people- would choose the latter!!
It seems the argument always goes to class warfare- the have’s and the have not’s- the “wealthy” against the poor.
Me? I think it is the people against the Goverment.
Power to the People