Posted by
Gerald R Evans on Thursday, October 16, 2008 11:48:54 PM
I had someone tell me earlier tonight that they think that all necessities should be socialized: electric, water, health care, etc. The scarier part is that this person doesn't care how much of their money goes to the government in taxes as long as it helps someone because "there are people who can not or will not help themselves..." For another American to say that to me is deeply disturbing, this is supposed to be the land of opportunity where anyone who is willing to work can be successful. Even after I said that socialism doesn't work on a large scale, which has been proven time and time again (think the USSR and China before the realized that they needed some capitalism to make the system work) this person said that it was because of... survey says GREED!
I'm sorry, but greed is not always bad. Greed drives business, greed is the basis for competition, because lets face it, when it comes to business the scoreboard doesn't record touchdowns and PAT's it records profits and profit margins. If I had had $50,000 to invest in any company during the second fiscal quater I would have bought stock in Wal-Mart before I would Exxon-Mobile. Why? Because, Wal-Mart may have had a lower quaterly profit, but they had a much larger profit margin and therefore a much better chance a business longevity... But I digress.
Let's take a look at Barack's tax plans one more time (lets also keep in mind that I am a college drop out and when I was going it was for Film, not business, not polysci) BHO plans to increase corporate taxes, increase SSI taxes, increase the death tax, capital gains (except for small businesses), "cut" taxes for 95% of Americans, raise taxes for those making over $250,000, and "renegotiate NAFTA and other trade agreements.
Who pays coporate taxes? A) Corporations. B) Consumers. C) The Tax Fairy. The answer is B, Consumers. How? Corportaions pass these taxes on to consumers through price increases. But what if people stop buying their products or using their services? Then these companies layoff or fire employees to help keep their costs lower and offset the corporate tax rates. Which country has one of the highest corporate tax rates in the world? The United States.
Social Security Insurance was origionaly started as a way to get older citizens to reitre earlier and let younger workers become part of the work force. The system started in a deficit; an entire generation of people who had never contribted to the system were now drawing from it. Several economist and other analysts have predicted that anyone currently undr the age of 35 will not be able to draw SSI benefits when they are of retirment age. People are living longer and therefore drawing SSI longer and a system that started in the negative will soon be bankrupt..
How exactly does one cut taxes for people who dont pay taxes to begin with? Thats not a tax cut, thats a welfare check. And raising taxes on the top 5% of earners is "fair" its "patriotic" that's bull malarkey. The top 5% of earners shoulder 70% of the tax burden and now they (the liberals) expect them to take on more. How is that fiar? They earned that money. They are the ones who worked for that money. Why should others get some of thier hard earned money for doing nothing? These are the people who own small businesses. Small businesses employ 70% of Americans.... Most small business owners report their comapny's profit as personal income. What happens if their taxes go up? They cut jobs.
The net effect of all these things is that unemployment will be higher, tax revenues will be lower and the economy will go from recession to depression. Can we risk four moe years of a bad economy? No. So, if we cant afford four more years, who should we vote for? "Bush 3" as the liberals call JMac or Barack who will make Bush look like Regan or Clinton? I'm not going to tell you how to vote, that's up to you as an individual to do what you think is right. I will say that after the election, one way or the other some of us will regret our decsion... I don't think i'll be the least be regretful and i hope others dont have to regret their choice....