One does not have to have a great plan, or any plan, to know that the Bush plan is nothing but looting the treasury by the rich. That’s not stimulus.
“The proposal is bad economics and irresponsible budget policy. Two-thirds of the benefit would go to the wealthiest 5 percent. About half of all Americans have some money in the stock market, but most small investors have their money in IRAs, Keoghs, and 401(k) plans, which are already tax exempt. Bush is betting that small investors will misunderstand the law and identify with big investors.
"The administration also claims that dividend income should be exempt from the income tax because corporations already pay taxes on their profits. "It's unfair to tax money twice," the president has declared.”
Now, it’s very nice he thinks it is unfair to tax money twice. I think you bought into that, saying it's unfair. (Even if the tax on dividends is very low.)
“But why special treatment for dividends? Workers pay income tax on wages and salaries, and then they pay sales tax at the store and property taxes on their homes and excise taxes on tickets -- all on spending from earnings that have already been taxed once.”
Eliminating THAT would be a stimulus. Would help people pay their energy bills, would put money in the hands of folks who would spend it. I hope you will stick to your "no double taxation" principles even when it applies to the working folks, not when two-thirds goes to the wealthy.
And, one doesn’t have to tell the train heading to the washed out bridge what route is should take, it’s enough to say they route it is taking is a disaster.
Arf
Current Events » in reply to Re: Who loves ya, baby
Can't you see the ridiculousness?
