The quieter you become the more you can hear ~ Ram Dass

Thursday, December 2, 2010

Question for Thursday

Since this is in the news and the Republicans think they have a mandate what are your thoughts on the tax cuts?

I really can't get myself too worked up about rich people not getting tax cuts.   They say they will create jobs.  If that's the case, why haven't they been creating jobs already?  Besides, I think the rich have more ways to shelter their money than the poor and middle class.

However, I do believe the income should be higher than $250,000.   Depending on where you live it's not that much if your living in a city that has a higher cost of living.  

Oh and Republicans, be careful thinking you have a mandate that's what the Democrats thought too, ha.  


Name: female, I shit you not! said...

250K in my wildest dreams.
150K in my dreams
75K hasn't happened.
I have a hard time feeling bad for anyone making that kind of money when I don't get enough from social security to even file taxes.
Glad my little house was paid for before hubby was disabled in 1986.

LemonyRenee' said...

It's not about whether we "feel bad" for rich people or not. The fact is, the more money people have, the more discretionary spending they can do. Discretionary saves and creates jobs. Tax the rich to the hilt and who buys the next Cadillac/pays the auto workers' salaries? Who will go out for an expensive dinner/employ the chef and tip the waitress enough for her to make the rent? And before everyone comments on how "unnecessary" it is to buy a Cadillac, note that the mark-up/profit made on those cars pays for the loss car makers take on the low end cars that "the poor" buy.

The person who signs your paychecks . . . would you like them to be broke? Or not. What would be best for you?

Viki said...

I wouldn't want the person that signs the paycheck to be broke but if that were the issue, there would be more people working since the tax cuts have been around for a while. What's going to make the difference if it hasn't up til now?

LemonyRenee' said...

I would venture to say there ARE more people working. Bad as it may seem, it is about to get a whole lot worse if taxes increase for the employers. Businesses have such things as 5-year plans and plan for the future (such a concept). With the current political climate, no business knows what to plan for in 5 months, let alone 5 years, and THAT depresses employment immensely.

J. Kwiatkowski said...

The rich are few, the middle class are *supposed* to be many, so it's better when the middle class has the income to spend. In 1985 Wheeling Pittsburgh Steel slashed its employees wages from $23/hr to $12/hr, and now- a quarter century later- where are wages? Most of the jobs in my area are paying $10-$12 for college educated people. The easiest way to bring wages up is to raise the minimum wage. This would also raise a lot of single mothers out of poverty. The ones that the Conservatives like to complain about "being on the dole". All those salaries would also grow revenue which could be put against the deficit.

My name is PJ. said...

AMEN to that last line, Viki!!!

There is no easy, quick fix to the economy. None. It would be just as bad if a Republican was in office...oh wait, it was just as bad when a Republican was in office, wasn't it.

Wouldn't it be great if everyone would work together for the greater good of our country? What a concept.

I blame everything on Satan and the late President case you were wondering.....