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Politics : Formerly About Advanced Micro Devices
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To: American Spirit who wrote (159449)1/31/2003 1:02:44 AM
From: TimF  Read Replies (2) of 1583849
 
If it's good economics why does the market go down every time Bush announces a new tax cut?

Because we are in a bear market. The market has been going down most of the time anyway. Besides it has not gone down every time Bush annouced a tax cut idea so your statement isn't true.

Bush tax cuts are for the rich, by the rich and disguised as for everyone.

They are for everyone. Just about everyone would pay lower taxes, many "working poor" would be dropped from the tax rolls entirely. The rich don't get the biggest % cuts but since they pay the most dollars they get the highest dollar cuts which is as it should be.

If we had a flat tax the rich would be the beneficiaries.

Bush isn't proposing a flat tax so its not really relevant to the discussion. Also the benefits even on a flat tax would extend beyond the rich.

This is class warfare economics put on us by the GOP.

No, your rhetoric is class warfare or at least support of class warfare. Soaking the rich with higher tax rates is class warfare. The rich might be able to afford it but it doesn't change the fact that they are paying more then their fair share. The problem is that the government has gotten so bloated that most people couldn't aford to pay their fair share so the burden has to be put on the rich.

Tim
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