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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: combjelly who wrote (391515)6/16/2008 7:23:17 PM
From: Tenchusatsu  Respond to of 1575535
 
CJ, > It is sop to people like you. You always complain about progressive taxes because they hit budding entrepreneurs. Well, he is trying to address that issue.

I don't consider "divide and conquer" to make good economic sense.

A true progressive tax would lift the FICA cap completely. Since that amounts to raising taxes, Obama can then make it revenue-neutral by lowering the overall rate. That way, he can make the rich pay for the poor's Social Security benefits.

Like I said, Obama is no more knowledgeable on economics than McCain. He was voted president of Harvard Law Review, not Harvard Business Review.

Tenchusatsu