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Showing posts with the label tax policy

Wealth disparity in America

I am growing tired of people blaming Bush's tax cuts on the problems we are having. First of all, if you do blame him then you have a serious gap knowledge when it comes to taxes. Instead of being a mindless drone, do some research for once. Also this is not a post about the defecit, because if Bush was a conservative he would minimize spending....guess he figured he would be the next Reagan and rammed Iraq. When taxes are eased on the wealthy, they pay more as a total percentage of taxed paid. Historically when the government taxes the wealthy, the middle class ends up picking up the slack. A notable example would be Bush Sr's tax hikes. Here is a great resource. Who really pays our taxes The left will come up with some jack-ass argument that the wealthy use fraud, but the US treasury repeatedly reports that lowering taxes on the wealthy raises increases their share. NOW, yes - they actually end up making more money. It is true and as a result of which, the gap grows b...

Obama and McCain on taxes

Tell me lies, tell me sweet little lies... Obama is singing some very pretty tunes, he sure makes his tax plan sound delicious. Certainly the prospect of punishing the rich and rewarding everyone else taps into the heart of every socialist soul out there. Sure, he is going to grow government faster than anyone since FDR , but who cares? At least those pesky wealthy bastards get what they deserve! I mean, gosh, look at the wealth disparity. The rich are getting richer and...well...I don't know why, but apparently the poor are getting poorer. Right on. Obama accuses McCain of being more of the same. Really? Let's see. McCain is refusing to punish the rich and spread wealth. Refuses to grow the government. Refuses to believe that the only way this country can get ahead is if we spread some money around. I guess Obama is right, he is more of the same. Not sure what he means by same, but it sounds bad. I can at least get people to agree that more government is not the...