Re: Bush didn't bust the Budget. Congress did.
by
raptor5618
02/26/2009, 3:48 PM
Perhaps I do yetagain but I think I understand more than you give me credit for. A lot of those people who are going to be hit by the tax are business owners who are going to make sure they get their fair share if their business is doing well. But when costs go up across the board and I think it is fair to say that those who are paid >250K are a much scarcer resource than those making 30K so they are in a much better position to take their services to those who are willing to pay for it.
I am not saying it is a significant part of what a product costs but it is a part and if you every watch the stock market you might notice that it is very important that companies meet their margins. You might also notice that the wages of top executives has gotten crazy but if you want one of the top dogs you have to pay. Same in sports. So if a company wants a good team they will pay for it because they believe that it will pay back in the end.
Go to a ball game and tell me if they have decided to pay the players less so that the beer and hot dog prices can stay down?
There are two sides to every buy/sell negotiation and the tax increase is not an astounding amount but once again supporters of Obama only want the law of supply and demand to work when it is in their favor. Remember a small drop in gas prices from the tax holiday was going to make us drive around all day because we are saving a few cents on a gallon of gas and result in the total destruction of our planet?
For a sub chapter S corp the increase in tax comes right out of their bottom line. I guess you figure those companies will just take it on the chin. No big deal.
There are lots of factors to consider, far too many to go over them here but an increase in tax will trickle down eventually especially when it affects a resource that obviously is in demand.
As they say they represent the top 2 percent of all wage earners. I think a good share of them have the ability to demand more pay or get it somewhere else. A local group of doctors did not get what they wanted from a hospital and they picked up and went else where. Think they had trouble finding a better deal.
Even if I totally accept what you say, I still think the whole concept is almost punitive and class warfare. I think if we have problems we all should pay a price. This those guys get punished and these guys get rewarded is not good. I just do not think it is fair and once again we as a country are rewarding the wrong things. The fact that I live a tougher life because I chose not to kill my self to get into the upper income levels is just the way it is. They chose to do what was needed to get there and then they get hammered.
Take baseball, would you support taking away the HR's from the leading hitter to give them to the worst hitter so that he can say he has some HR's on his record. Lets cap actor and athlete wages so those starting out or those who are just not that good can make more than they do now.