Quote:
Originally Posted by MMM
Under Bush we have lost hundreds of thousands of jobs.
Hundreds of thousands of jobs.
You can buy a house in Detroit for a dollar.
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Check your history. This job drain has been going on for several decades. The Democrates and the Republicans have had their share of the blame!
Quote:
Originally Posted by Sangetsu
Yes, rather than tax me, Obama will just tax my employer instead. And then when it comes time for a promotion or a raise, the money may not be there.
Everyone seems to forget that taxing the rich is the same as taxing the poor. Doesn't anyone here have the slightest grasp on economics?
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Yes, this has been a concern of mine. I have no doubt that I will benefit under Obama's plan. However as a single male, with no dependents and no permanent residence, I have the freedom of not trying to pay for essential goods. I have little doubt, however, if the tax breaks on the wealth and large corporations are decreased, there will be a increase in the cost of living. The corporations will get thier dollar weither they squeeze it from the goverment, or they have to take it from the consumers. In the end they will not be hurt. As far as I can tell, the net effect of the plan will be nil, as it does not change the amount of revenue the goverment is collectecting from the economy. The effects of McCains plan would be simular. I do agree with Obama's idea of elemenating income tax for retires earning under 50K.
What I find more bothersome about both parties plans is the way they are short term stimulus plans. Under either plan most tax cuts, would end in 2011. I want a long term outlook that will benefit us for decades to come. Not just until it's time to think about the next election.