Saturday, December 04, 2010

Economics 101

If you don't usually notice, the lame duck session of Congress is affording the outgoing Democratic majority an opportunity to clearly demonstrate the essence of their ideology. It is all about class warfare. It is about exacerbating envy between haves and have-nots. It is classic Marxist demagoguery pitching a message to the proletariat about how evil the bourgeoisie are.

Republicans For Millionaires Unite!

Again, I must point out that this is NOT about a tax cut. It is about a huge tax increase. The current rates are the current rates. They weren't always the rates, but they are the rates today. If you pay more taxes in three weeks it is because you have experienced a tax increase!

 Yes, in a period of rising unemployment who do you think will "create" a job? Preserve the tax rate for that middle class family and they don't get taxed an additional $2500. How many jobs will they create with that windfall.

Tax that millionaire an ADDITIONAL $3.8 million dollars and how many jobs will he now be unable to fund? Those are jobs LOST because that business now has sent the money to Washington rather than paying those workers.

This is increasingly a Wonderland. We've passed through a cracked and cloudy looking glass and fallen down a rabbit hole.

3 comments:

Anna said...

9.8% unemployment plus wanting to extend the 99 weeks of unemployment benefits; Democrats can't be wrong... /sarc

Makes me dredge out the old tech analogies - the Democrats are the needle stuck in a LP groove.

MagiK said...

9.8 is the "administrations" number, the actual unemployed number is around 14% just because they dont count the people who have exhausted the Unemployment benefit but are still unemployed doesnt mean they are not still unemployed.

bongobear said...

A stupid waste of time and money with all this posturing done by both sides, but especially the libs. How much did that ridiculous chart cost and who paid for it? They've all known about this deadline for years and they've done nothing about the tax rates...and they've yet to pass a budget. I wish to God we could get some adults in Washington who would actually try to do the right thing for the country and not always try to cover their political butts. Of course, I've been wishing that very thing for many years now.