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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: JCS who wrote (6644)	3/18/2004 5:39:21 PM
From: geode00	Read Replies (1) \| Respond to 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.

To: JCS who wrote (6644)	3/19/2004 12:52:34 AM
From: PartyTime	Respond to of 173976

Great point--you are correct! >>>a hardship on the business owners and entrepreneurs...< Bush's Administration has broken all bankruptcy records. Contrary to whatever image he might portrary, or attempt to portray, Bush has very little genuine concern for this group. The simple fact is that job creation is what best sparks the economy. You see, job-holders take their hard-earned dollars and put that money back into the economy. The rich, like you wrote, are more likely to invest into the stock market or find overseas tax shelters. I'd much prefer to see a 1000 Americans buying Fords than one American buying a yacht or a jet to sail or fly away and spend money somewhere else.