Sep 18 2007
Clinton, Obama proposing tax increases.
So what else is new? It’s as expected. Time to manipulate the tax codes to get votes. Time to whistle Dixie.
Hillary would remove the Bush tax cuts to fund the American Health Choices Plan. Obama would remove the Bush tax cuts to fund a handout to the poor and provide a mortgage interest credit to low and middle income families. Robin hood schemes again. Another reason to do away with the IRS altogether, all of the tax codes presently in place and pass “The Fair Tax.” But, it would remove the power that politicians have over Americans, as each election some new scheme appears that appeals to groups of voters (to get those votes). Playing with the tax codes is power.
Anyway, for the sake of argument against taxing the rich schemes, lets walk down that road of what those obscene rich would and could do with an extra million or two when they have control of their own monies. The Gates and Soros, the CEO’s, the Limbaughs, the Hollywood celebrities, the rich and famous sports stars, the David Lettermans and Oprahs. You think those “filthy rich” will miss that extra million or two or six anyway if they are taxed. Nope. It just puts that money in the hands of politicians to spend as they want, rather than in the hands of the individual to spend as they see fit.
What could they do? Buy another McDonald franchise or two and put some of your local people to work, provide kids their first job for spending cash and savings for the first car or college. Fund a struggling up and coming company that has huge potential of employing thousands. Perhaps 20 or 30 of these very rich may buy the second yacht if they had that cash available, whereas if that extra million went to Uncle Sam, those people working building those yachts may be out of a job. Jobs lost here and there in every State. Opportunities gone. And lets not forget the charities these filthy rich support, the colleges and Universities that receive bundles from these rich alumni, the grants for research projects into their own pet ideas. All of that money is spread around. Billions of it. Liberals like to label this as “trickle down economics.”
Hillary sees at least $110 billion out there for the taking.
Obama calls it “a fairer tax code.”
Whereas if Washington has control, you know what that means. A bunch of hammers is purchased for $200 each, and it takes six months to have them delivered. A 10 million dollar bridge is built to nowhere benefiting 25 people. Earmarks. Earmarks and more pork barrel spending in every State for this and that, to get votes from the folks at home. Needless things that individual States would not fund themselves. Might be ‘nice’ to have but not needed.
So what’s the difference between trickle down and trickle out economics. A little bit trickles out from Washington to targeted groups as hand outs, and encouraging more government dependency.
Universal Health Care. Remove the restrictions on the insurance companies, the doctors and pharmacies, the pharmaceuticals and hospitals and let the free enterprise competitive system work and we would all be paying a lot less and get better service and care. And where in the constitution does it say that Congress has the right to regulate health care? Oh yes, the “general welfare clause.” A catch all for the trendy thing this year.
The Solution.
The Fair Tax Plan. Use this calculator to Determine your household’s estimated national sales tax costs, after all your tax free spending exemptions (deductions) are considered.
HR 25. The Fair Tax Act of 2007 (65 cosponsors.)
The book is available at Amazon.
As I see it.
