Thu Jan 24 21:39:12 EST 2008

Buying Off the Middle Class


Now, don't get me wrong here, I sure appreciate that the government is giving us some money to help "stimulate the economy". I will sure but it to good use. However, I can't help but feel like they are simply trying to buy off the middle class. All it seems to take is a fist full of cash waved in front of our eyes and we fail to notice things like the richest of us getting taxed at about 15% while the rest of us get socked with 25% to 30%. Or the fact that this thing also comes with an extension of the tax cuts already in place. You know, the ones that already favor the rich? How about we try this out for an idea? Lets tax the rich at 25% to 30% and the rest of us at 15%? Wouldn't that put more money in the governments coffers for programs to benefit all and also put more money more consistently in the middle classes pockets? If the middle class drives the economy as I've read around the net then wouldn't it make more sense to increase the buying power of the middle rather than just give them a one time pay-off? I'm no economist but this strikes me as a shortsighted solution to a long term problem.

My personal plan is to take this money if/when it arrives to pay off any credit cards we have and then put the rest away for if/when the economy tanks for real.

Now, I've done it. I've made a post about politics. These usually get some good comments. :P

Posted by Brian | Permalink | Categories: Politics | |