The Practical Philosopher's Blog

Using the practical application of timeless wisdom to address modern issues

Taxcuts and the ‘Rich’

The President wants to raise taxes on those who make more than $250K while continuing our less-than-stellar tax levels for the few others of us under that figure that actually pay taxes.

This is another reason why we will never see any significant new job growth for as long as Obama and collectivists of his mentality continue to advance these broken economic ideas.

This economy is squarely depressed because of this Administration’s policies- not Bush or any other scapegoat. The market is rationally assessing Obama’s anti-business outlook and burdensome/costly future policy statements (Expire Bush tax cuts, Cap and Tax, Negative ObamaCare impacts coming up, Green ‘jobs’ focus, etc.) as toxic to taking any business risk or investing for growth. And why wouldn’t they? Where’s the upside? There is none. All of this Administration’s tone is how anyone making more than the poverty level should be ashamed of their success and get ready to hand over significantly more of their hard-earned profits to Big Government. Temporary, tepid tax measures will not motivate job growth. Higher taxes will not motivate job growth. Temporary, minute infusions of cash for disproven Keynesian ‘growth’ theories (also called history) will not motivate job growth.

Now on to the term the ‘Rich’. How long will politicians in our country try to push this resentful and Feudal term? Everyone in this country should be unashamed to say they want to be ‘rich’. America is the land of opportunity for those that want to work for it. No one here is born into some aristocratic class and the rest of us are stuck being peasants. The real meaning of the term ‘Rich’ class is the Productive class, the Investor class, or the Job Creation class. Where does Obama think the jobs come from? The very people he demonizes!

Just in case people are not aware of it, the top 1% of Americans pay 40% of our taxes already- a patently unfair share as it stands now. The top 10% pay 70% of our total taxes! And he thinks they need a tax hike?! This is unbelievable!

Democrats in Congress have just made an announcement that they are running away from/avoiding this issue like everything else unpopular they want to do because an election is coming up. If it’s not okay now, it’s not okay 6 months from now! This will still be hanging out there and the Investor class will still be sitting on cash (and therefore job creation) because of it.

Send a message this November! Vote!

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