posted on Feb, 23 2009 @ 11:47 AM
Hahahaha... just when you thought Republicans couldn't do anything sillier, here they go trying to capture the uninformed public's attention by
waving dollar bills in front of them. "No more taxes guys, please like us!"
So let me get this straight - the right-wing's answer to solving the financial crisis, and America's debt, is by eliminating the country's number
one source of revenue, and discouraging consumer spending?
Not to mention this bill is fundamentally flawed as it would only increase the burden
on the poor, while the rich could avoid taxes entirely by having their items imported or through the formation of black markets. What percent of the
rich's income would go into a sales tax? Do you really think they'd spend 50% of their total income... taxing the annual income is the only reason
our current tax system works.
Please see: en.wikipedia.org...
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. In simple
terms, a regressive tax imposes a greater burden (relative to resources) on the poor than on the rich — there is an inverse relationship between the
tax rate and the taxpayer's ability to pay as measured by assets, consumption, or income. "Regressive" describes a distribution effect on income or
expenditure, referring to the way the rate progresses from high to low, where the average tax rate exceeds the marginal tax rate. It can be
applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. Regressive taxes attempt to reduce the tax incidence of
people with higher ability-to-pay, as they shift the incidence disproportionately to those with lower ability-to-pay. The
Anyone still wondering why the only balanced budget and federal surplus during the past 20 years came while Clinton was in office? It's because of
ridiculous stunts like this that the republicans like to pull, where their only concern comes from increasing their wealth as opposed to the
Ask yourself this: why now... why not during the last 8 years while a Republican was president? The answer: Obama has been warning the rich of a tax
hike... Republicans want their buddies to know they're still working for them, even if they know this bill is destined for abject failure.
... and the rich get richer, while you fools cheer their every move. I suggest some of you stop listening to Alex Jones... it's through outlets
like his where these ideas are spread and given unquestioned validity, while thinking it's "revolutionary" and believe he's really fighting for
"freedom and liberty," when it's really his pocketbook he's concerned about. What it all boils down to is the rich versus the poor.