posted on May, 6 2012 @ 03:39 PM
Originally posted by popsmayhem
Originally posted by NorEaster
A rich person's investment portfolio only benefits that person and the brokerage house that manages that portfolio. Their monthly spending isn't
affected at all by the increases. They've already got what they want and need. The economy doesn't benefit at all from the increased net income that
rich person has received.
If we care about the economy, the then strategy is obvious. Put the money where it will be put right back into the economy again as soon as possible.
Maybe it just makes too much sense?
Now attack on the rich?
Is this atlast shrugged?
I wouldn't wish a tax hike on my worst enemy!!!
Tax cuts ACROSS THE BOARD needs to be done..
Maybe this chart could show obama doing well
if obama changed every single fiscal policy he has made in office.
Right now looking damn bad for obama and aint no chart
going to fix the economy or obama chance at getting back in.
hes done for this chart just shows the desperation!!
Another tax cut would sink this entire economy. No money would be spent by anyone and businesses would collapse. No private sector government
contracts (like snow plowing in local towns, towing, road repairs, etc) means no private sector jobs in most areas. Tax cuts work if the tax % is
really high (over 50%), but tax cuts below a certain % have the exact opposite effect on the economy, as we're finding out now, with the top 5% paying
less than 15% in taxes.
Poor people have no money to tax. The working poor's 25% isn't much more than nickels and dimes when you look at what it costs to keep the lights on
at the local, state and federal levels. Middle class people are carrying 35% with no loopholes, but again, we're having to ax the private sector
contracts that have traditionally fueled local economies because the middle class skilled jobs have been shipped to India (after sending all the
manufacturing jobs to SE Asia and China in the 80s and 90s). So, if the wealthy are off the hook for even 20% (net, after loopholes and breaks) then
get ready for a complete collapse of our national economy once we get to the point where the decent paying jobs have all been shipped for good.
Then, watch the newly rich lose everything. And I mean everything. Small and medium business will fail completely. Hell, what customer base will they
have? No customer base at all. You can't force people to buy stuff that they can't afford. No public school funding? Great. No education for any kids,
since charter schools cost money that people won't have after their businesses and jobs are gone. That'll eventually tank the charter school too. Home
schooling for everyone, I guess. With a tax cut mantra as our marching orders, we'll be the biggest banana republic in the world within 10 years.
That is, if the underclass doesn't take advantage of the deep budget cuts that have eliminated local police jobs and just kill off the newly rich and
take what they want from them. Good luck sending in the National Guard. They couldn't even control the insurgency within one Iraq city. They wouldn't
even be able to take on Baltimore, let alone the entire East Coast. New Orleans was under water and the cops there couldn't get control of it. If the
underclass ever decided that there wasn't any reason to not just take what they want, there'd be no one to stop them.
And your tax cuts wouldn't mean much anymore. Would they.
Think about it.
edit on 5/6/2012 by NorEaster because: (no reason given)