Posted by
Luckedout on Sunday, November 25, 2007 2:33:19 PM
Taxes! How boring you say. Well I agree. Talking about taxes is about as exciting as talking about algebra, but the difference is that taxes directly affect our lives in a big way. Taxes can spur or inhibit the economy. Now when it comes to taxes, less is better right? Well I believe that to be true. Bush rolled back taxes, sure it was for big coporations, but what do big corporations do with all that money? Well they start more businesses, invest it into the economy and make more money. That's bad right? Big corporations, big money... sticking it to the working man. Wrong.
All that money trickles down. Sure the rich get richer, but so do the poor. More jobs are created by these big businesses, better salaries are given to managers and CEO's to make these jobs and businesses successful. Its a trickle down effect that stimulate the economy and create job growth.
Raising taxes on the other hand inhibits economic growth. Less money in the hands of the people means less economic activity. Poor or rich, without money they can't spend it, invest it or create more businesses.
Now that's why I have a hard time voting for any of the Democratic nominees this year. Most want to end the Bush tax cuts and increase government spending (which means higher taxes). Why would I want that? All their nice assistance programs means more taxes, when if the government ran more efficiently with what they had, they would be able to run more assistance programs like the Dems want. I liked their campaign of '06 that they would clean up Congress... but what have they actually cleaned up?
Here's
Thompson's new tax plan. I'm starting to like this guy more and more.