posted on Apr, 9 2008 @ 05:06 AM
that's funny, don't remember our taxes being reduced by 50% when these tax cuts came into effect...
oh well....if our taxes were to actually reflect the gov't spending dollar for dollar, we'd probably have far more than a 50% tax increase. if we
let them increase our taxes by 50%, heck, I'd be willing to pay a little more even...will they restrain their spending to within the revenue that we
are giving them? didn't think so. so, the tax rate is really irrelevant, since all that other money that they are spending will have to come out of
our pockets sooner or later anyways, and when it does it will be much more costly that what the 50% increase you are talking about.
if I am remembering it right, bush passed the tax cuts...
then to mask over the effects those tax cuts had on the budget deficit, he cut the social madated programs and passed that expense onto the states and
local governments. To make up that kind of money, they had to increase their taxes...property owners around the country were throwing a hissy when
they say their tax bill! So, then there's the Bush's great "ownership" society in the making, Greenspan pushes those nice subprime loan deals,
the people bite and the housing bubble begins to expand quite a bit. home prices rise..(with the aid of fraudulent assessments), and well, soon we
are all hearing how our local government have this nice surplus (could the housing bubble have increased the assessments to tax purposes, thus
increased the tax revenues in a little more pleasing way for the property owners? now the bubble is bursting, the house values will begin to fall
again, and well...thus the property taxes. Syracuse NY seems to already getting a plan ready to avoid having to face all those angry property owners
again. they are planning on increasing the tax on the gas, and shifting that extra revenue over to the property taxes...
like I said, cut the taxes all you want, you will still end up paying for all this crap the government is spending money on anyways or well, your
children will end up paying more than half their paychecks in taxes, whatever....
but, there's no free ride, just delayed, and diverted reactions.