Friday, November 12, 2010

ONLY Extend Bush Cuts for > $250K

RealClearPolitics - A Stunned and Dispirited Base

Remember when the Bush tax cuts were just purely bad and all the money went to the rich? Let's look at a little math.

In the linked and despondent article, far lefty Robinson says the following:

Let's examine this issue a little more closely. Making the tax cuts permanent for the wealthy would increase the deficit by $700 billion over the next decade. Which party claims to be urgently, desperately concerned about the deficit? The Republicans, of course. So which party is prepared to bust the budget, if that's what it takes, to serve the interests of the rich? The GOP. And which party, to get its way, refuses to approve desperately needed tax relief for the bruised and battered middle class? Once again, the Republicans.

Interesting, what he DOESN'T say is:

Liberal leaders contend their plan is fiscally more responsible. The Democratic proposal would add about $3 trillion to the deficit during the next decade, while the GOP plan would cost $3.7 trillion, according to data compiled by The Washington Post.

Hmm, how much have we heard the terrible Bush tax cuts lambasted as "all going to the rich"? Well, if one reads slightly between the lines of the liberal lies, they get backed into telling us the truth.

Cost for folks < $250K, $3 T
Cost for folks > $250K, $.7 T

Which seems larger to you? Apparently, if you are a liberal, the second number does.

On average, which group do you think is likely to make the most productive use of extra money to advance the economy? C'mon, be honest -- who is most likely to blow it on a flat screen, and who is most likely to invest it in "The next Google??".

Do most liberals even KNOW how to be honest? After 10 bleeping years of hearing how "unfair" these Bush tax cuts are (I know, this is a projection ... but I saw the old numbers, the ratios were the same), they can't even utter the truth when it is staring them in the face.

For the good of the country, for the good of the deficit, for more jobs, we would be FAR better giving the tax cut to ONLY the people that make OVER $250K!!!! That is if we cared about results, having a productive growing nation and leaving our kids better off than we are. But at least Democrats STILL don't care about any of that. They only want class warfare.

But, STILL, after the last election, the even the vast majority of the people DON'T GET IT, because the MSM is too darned biased to admit the truth directly. It has to be weaseled out from around the edges!!

A large part of our problem is simply that Americans are being sold the bill of goods that 99% of them can get more out of the government piggy bank than they put in and the top 1% are so stupid that they will pay for it.

It is the top 5% are the people that are overtaxed!!!!

The following from

The top-earning 5 percent of taxpayers (AGI over $159,619), however, still paid far more than the bottom 95 percent. The top 5 percent earned 34.7 percent of the nation's adjusted gross income, but paid approximately 58.7 percent of federal individual income taxes.

We are penalizing our MOST PRODUCTIVE ... this is like forcing the top sports stars to play with weights on their wrists and annles. The net effect is a giant drag on our economy that prevents us from being nearly as competitive as we could be in the world -- maybe moving our "bottom" up from just having cell phones, flat screen TVs, high speed internet and weight problems, to maybe having trips to Disney and Cruises while still being poor. Were we to continue to allow the American economy to be unleashed as it was in the '80s, we may be close to the point where our "poor" would need better advice on the proper wine to go with camembert. Remember, SOMEONE will ALWAYS be in the bottom 20% of that income bracket!!!

Ok, Greed is bad, but SO IS ENVY -- especially when it allows us to make stupid decisions with the most powerful economy on the planet. BO is an anti-colonialist that wants to see America "cut down to size"!!! Get it, deal with it, and let's ignore him as much as we can and get this nation moving again!

No comments:

Post a Comment