<<"Too bad taking more from the people who work to earn it to feed the waste and corruption that is the federal government will not fix anything. It will just allow them to spend like drunken sailors for a little while longer and make the inevitable crash all the bigger.">>
That is exactly what is happening right now.
Maybe if they do start World War Three(???) ...
...the raping and pillaging of us who are not part of this Beast Government will seem "small potatoes" to the horror that awaits us if they do start WW3?
Again, it's hard to narrow it down. Most of the statistical charts deal in median income, which means it throws out the top and bottom wages to calculate the average. So perhaps we have to go with our collective knowledge. What groups can we identify, off the top of our heads, that earn $250,000 a year? Entertainers and Athletes. These guys are pulling down millions (OK, not the D-list actors, but you know what I mean). Does giving them a tax break generate more jobs? Does reducing their tax bill by, on average, $15,000 a year, create a new job? Or does it buy another Rolex? Or, on the other side, does increases their taxes by, on average, $23,000, destroy an existing job? They might have to fire their housekeeper or gardener...no, that would mean they would clean their own houses or mow their own yards. Besides, most of the Hollywood types are supporting Obama anyway, so obviously they aren't concerned about the $23,000. Corporate CEOs. Not the guy who incorporates his business and gives himself the title to sound important. We're talking about the big boys from the big corporations. These are the guys running those big banks, mortgage lenders, investment firms, and such that the taxpayers are currently bailing out to the tune of billions of dollars. These are the guys that make the decisions to move jobs overseas, close plants, and fight giving employees a living wage. Will putting an extra $15,000 on average in their pockets suddenly inspire them to move jobs out of China and back to the U.S.? Or will increasing their taxes on average $23,000 help offset some of the economic problems their lack of forethought caused?
Health Care professionals and attorneys. While the median doctor income is around $150,000, some earn hundreds of thousands of dollars. Now don't get me wrong, I respect the work these folks do and believe they earn that money. But will giving them a $15,000 tax break create a new job?
Marketing/Sales professionals. Though the median income for these folks is around $90,000, those that work for the major firms can pull down MILLIONS! Of course, their income depends on the average American being able to afford to buy the stuff they are marketing. When the economy bottoms out, these guys stand to lose a lot. So will giving them a $15,000 tax credit save their jobs? Or would increasing their tax by $23,000 in order to provide a tax credit to the middle class actually help them make MORE money, because the average American would have more disposable income to spend on Xboxes, clothes, and cars? Investment Brokers and Speculators. Have you seen the chaos on Wall Street lately? Would giving them a $15,000 tax credit fix the problem? Enough said. The Wealthy. The folks who come from "Old Money." Those that inherited money from their families. The select few like Bill Gates that pulled themselves up and launched their own empires. Will giving any of them a tax credit inspire them to do anything they aren't already doing? The wealthy that already give back to the community will continue to do so. The wealthy that do not will continue not to. A tax break is not going to change the behavior of either group. Neither is a tax increase.
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