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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: GROUND ZERO™ who wrote (6931)3/21/2004 9:24:57 AM
From: PartyTime  Read Replies (1) of 173976
 
>>> The wealthy pay more in taxes percentage wise, why not have a bigger tax break for them? Remember, it's not the government's money, it belongs to the people who earned it themselves...<<<

Sure, if you're wealthy and you get a bigger tax break, you can take that tax savings and place it in tax-protected investment environments, or you can use that money to expand your business by outsourcing into cheaper labor markets--all of which means that the tax savings the wealthy get would be used for them to personally make more money. This doesn't help the economy.

And you do agree that America is best when it has a strong economy, don't you?

Now the tax break the small folks get from the federal government ends up being no tax break at all, as the now-constrained federal government funds state and city governments less and less; thus, there is more taxation on the state and local level on the small folk. Hence, no gain!

Meaningful long-term jobs creation is the only way to pump up the economy, not short-term tax breaks that primarily benefit the rich. It is the person whose holding that job who is going to take the money from that job and spend and spend and spend into the economy, thereby causing a need for more products and services.

How do you reconcile the tremendous imbalance as described below:

endgame.org
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