| Okay, Economics 101. You make a million and owe the gov half, UNLESS you start a business, hire people and travel, buy equipment, entertain, etc. then the govervn picks up half the cost and you only owe 250 G's, minus whatever you sock into an IRA, etc.. So the government has literally paid for half your new company, you pay 22% tax, the economy benefits and you have a good time to boot. Unless you're retired the incentive here is to invest/spend and let Uncle Sam pick up half the tab. Unless you're a miser. And we should not encourage misers. Hoarding money by the rich does not a healthy economy make. Neither does oil and war. Right now we've got all three. And the middleclass is not spending what they have too. So except for war merchants, real estate agents and movie stars no one is making any money. In fact anyone invested is losing money. And oil prices are so high, states are broke and raising taxes, so the federal tax cuts get wiped out there anyway for the little guy. But not the big guy. The rich get richer, can stay in cash and take their yacht around the world. The rest of us get no benefit from their money. The rest of us also get stuck with a government debt we will be paying off for years. or else we lose portions of our medicare or SS we may need to live on later in life. Not to mention education and health care cuts, etc. Plus more pollution under Bush so the overal uality of life goes down. Except for the rich. They can buy ranches in Jackson Hole and breathe fresh air. |
