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Socialism cannot compete!
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Mr. Hawthorne, I don't believe htroute66 said that the current admin has done perfectly economically. Yet it remains true that they have gotten a couple things right: a) the tax cuts were *not* just for the wealthy (i'm a middle income guy, and it made a difference for me), though the Dems would have everyone think so; and b) the lowering of the cap gains tax likewise does *not* benefit only the wealthy - 80% of those reporting cap gains in recent years have been middle-income folks.
Apr 21 14:30 pm
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All Comments by Socialism cannot compete! »Why It's Time to Be Invested in the New Recession [View article]
Meanwhile, Obama's plan is not merely a graduated tax plan, but wealth redistribution...an undermining of the entire capitalist economic system. What both he and Hilary (well, most Dems, really) fail to recognize is that there is no perfect system, but that crippling capitalism by excessive redistribution does *not* minimize the number of poor - it instead increases it due to lost incentive!
So what really ought to happen? We are all overtaxed! And the only way that gets back to where it should be is across-the-board tax cuts. The budget has to be balanced...and frankly, this should not be the issue that is appears to be! We all know that excessive bureaucracy never makes any program cheaper. There are plenty of federal offices and bureaus that do not need to exist (Um...the IRS comes to mind!? How about a simpler tax code and can two-thirds of that bureau? What does the DOE really do? That can't or should not really be done at the state levels...or lower?? Etc. etc. etc.) There is so much waste and so many socialized services and programs that really ought not to be such - I firmly believe that we have reached the point where we are all better off fiscally to cut them and put the dollars back in citizen pockets where the *choice* is back to each of us to spend those dollars where we most need or want to! Hmmm...that sounds strangely like a restoration of freedom! Not to mention fiscally sound.