Re: Bush didn't bust the Budget. Congress did.
by
raptor5618
02/26/2009, 12:59 PM
I think this points out a common view that is going to be costly in the end. We are jacking up the tax on those who pay the majority of the taxes as it is.
These people are not going to stop making money because of the tax but the ones who will ultimately pay for the increase are not those who are having their taxes increased. While it sound good to stick it to those who have more money it disregarded one other fact which is that they are in the top percentages of earners because they provide a service that can be done by few others.
When their cost of going to work goes up, they will demand a higher fee to show up. It will face little resistance because every one else that does what they do will be getting the same increase. When the price of gas goes up every company raises the price at the pump. Same principle.
So what is the result of this tax increase on a micro level. the company they work for either cuts costs in other areas which usually means labor, or they raise the price of their products. So sticking it to the man is just going to turn around and kick the butts of those on the lower end of the income scale.
In addition, most of these new programs are going to benefit those who make less. When did we as a society expect that we should have to pay less to get more. When the landlord does a major upgrade to your apartment I am sure you would know a rent increase is on the way. Why are we expecting to get more and substantially more for some and have someone else pay for it.
I probably have zero chance of ever being part of the >250K tax increase but I think it is at its core, unfair and in reality it is a total scam being pulled on the less informed and less educated to ensure servitude to the government.