SORRY, BUT....
Since I commented on the total stupidity of the looming extension of the Bush Tax Cuts, there has been a firestorm of reason. Unfortunately, it's all for show.
As I recently pointed out the tax cuts are stupid and may actually be counter-productive. Having been so clear and rational quite a few people have latched on to the obvious but they are peeing in to the wind. The already proven harmful cuts will be extended and the economy will continue to get worse. Here are the facts EVERYONE will continue to avoid:
1)Tax cuts for the rich do not create jobs. Simple fact. We currently have record unemployment while the very same cuts are already in place. Bill Gates, the CEO of Exxon, your boss don't actually hire anybody out of their pocket. No competent businessman hires anybody just because he has a few extra bucks. Okay, they may hire another illegal nanny or landscaper because they can, but what they make and save has absolutely nothing to do with creating more jobs. Any one who claims otherwise is a liar, pure and simple.
2)The recent “Recession” has totally convinced major employers that they can produce bigger profits by holding the fear of even more downsizing over the heads of their employees. Why would any savvy business person hire more people when they can accomplish just as much by threatening the livelihood of their current employees? Nobody hires anybody unless the addition assures them a return on their investment. And they'd do that regardless of the personal “tax advantage”.
3)Many of the people enjoying the tax relief are the very same people totally responsible for the state of the current economy The major players at the auto companies, banks, and stock funds that enjoyed a bailout at America's expense are the exact same people who will have the most to gain from the tax cuts.
4)Honest, wealthy people are NOT in favor of the cuts. They realize they not only can afford to pay more in taxes but realize that it's an economic stimulus and they will benefit from that. Congress is an amateur in that department yet they act like they know something. It's absurd. The very people advocating cuts for the rich are people that are paid 100% by taxes. Not a single one of them is advocating a pay cut for themselves.
5)One of the current lies being circulated is that the tax cuts increased revenue to the treasury. That simply isn't true. If that were the case, every single member of Congress would totally advocate continued cuts until they observed a balance. NOT A SINGLE member of Congress has been stupid enough to even suggest that. Pretty much PROVES it's simply not true.
The biggest question is: Since so many people are blatantly stealing my ideas, why aren't they stealing the entire concept? Because it won't benefit them. The people you put in office won't take the next step since they may lose their job and, obviously, beyond any doubt, it will hurt their chances of continued employment at your expense. But you'll vote for them anyway, so why rock the boat?
Despite all the nonsensical ranting among the obviously hypocritical politicians, the tax cuts will pass. For absolutely no reason the cuts in taxes are directly linked to the unemployment benefits for the people they didn't create jobs for. Yet, the person you put in to office to make that decision will make the wrong one, and you'll probably vote for them again. Thanks.
As I recently pointed out the tax cuts are stupid and may actually be counter-productive. Having been so clear and rational quite a few people have latched on to the obvious but they are peeing in to the wind. The already proven harmful cuts will be extended and the economy will continue to get worse. Here are the facts EVERYONE will continue to avoid:
1)Tax cuts for the rich do not create jobs. Simple fact. We currently have record unemployment while the very same cuts are already in place. Bill Gates, the CEO of Exxon, your boss don't actually hire anybody out of their pocket. No competent businessman hires anybody just because he has a few extra bucks. Okay, they may hire another illegal nanny or landscaper because they can, but what they make and save has absolutely nothing to do with creating more jobs. Any one who claims otherwise is a liar, pure and simple.
2)The recent “Recession” has totally convinced major employers that they can produce bigger profits by holding the fear of even more downsizing over the heads of their employees. Why would any savvy business person hire more people when they can accomplish just as much by threatening the livelihood of their current employees? Nobody hires anybody unless the addition assures them a return on their investment. And they'd do that regardless of the personal “tax advantage”.
3)Many of the people enjoying the tax relief are the very same people totally responsible for the state of the current economy The major players at the auto companies, banks, and stock funds that enjoyed a bailout at America's expense are the exact same people who will have the most to gain from the tax cuts.
4)Honest, wealthy people are NOT in favor of the cuts. They realize they not only can afford to pay more in taxes but realize that it's an economic stimulus and they will benefit from that. Congress is an amateur in that department yet they act like they know something. It's absurd. The very people advocating cuts for the rich are people that are paid 100% by taxes. Not a single one of them is advocating a pay cut for themselves.
5)One of the current lies being circulated is that the tax cuts increased revenue to the treasury. That simply isn't true. If that were the case, every single member of Congress would totally advocate continued cuts until they observed a balance. NOT A SINGLE member of Congress has been stupid enough to even suggest that. Pretty much PROVES it's simply not true.
The biggest question is: Since so many people are blatantly stealing my ideas, why aren't they stealing the entire concept? Because it won't benefit them. The people you put in office won't take the next step since they may lose their job and, obviously, beyond any doubt, it will hurt their chances of continued employment at your expense. But you'll vote for them anyway, so why rock the boat?
Despite all the nonsensical ranting among the obviously hypocritical politicians, the tax cuts will pass. For absolutely no reason the cuts in taxes are directly linked to the unemployment benefits for the people they didn't create jobs for. Yet, the person you put in to office to make that decision will make the wrong one, and you'll probably vote for them again. Thanks.
Labels: tax cuts
posted by PONUSJOE at 2:55 AM
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