SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JCS who wrote (6644)3/18/2004 5:39:21 PM
From: geode00  Read Replies (1) of 173976
 
The Communist Chinese (yeah, right some communist) are better capitalists than we are. We should send a team over there and study their economy. :)

The tax cuts for the super rich are simply a transfer of wealth from the overburdened middle class to those who have enough to begin with. They're not all immediate which wouldn't help anyway even if such tax cuts made it immediately into the economy...which they wouldn't.

Can anyone say offshore bank accounts? Offshore investments? Foreign vacations and houses? Geez. Shrub's biggest recent campaign contributors? Probably a fight between BigPharma and BigBrokerages. Enron is still his lifetime campaign contributing champ and we all know what a great thing they are for the economy.

In the meantime, the AMT will whack the middle class taxpayer. Add that to the estimated $240/year increase/household in gas taxes (er, gas prices at the pump), increases in local fees and taxes to offset federal money shortfalls and....no net effect of tax cuts on the middle class.

Or, at any rate, a much more muted tax cut effect on the middle class. Revenues from corporations and the superwealthy have been going down for decades. Bush has increased federal government spending 25% in just 3 years.

Something has to give and apparently it's the middle class that's doing ALL the giving. The middle class is the first generation in a long time that's actually worse off than their parents.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News