Wednesday, October 1, 2008
Cake with Socialist Icing
I would like to address the issue of the bottom up approach of tax breaks to help stimulate the economy. This is something that has been annoying me for quite some time. Now, I am no economist by any means, but as Glenn Beck would say, I am a thinker. This concept to me seems a little like pouring batter in the oven to make a cake and hoping that a pan magically forms around it so it won't make a mess. I fail to see how raising taxes on the corporations and people that provide jobs and stimulate the economy with investments is going to promote growth in the economy. Where do these people think that the jobs come from? If a company's taxes are increased, that means their bottom line is now smaller, now, if the company is worth anything it is going to have to cut cost. I am pretty sure that many companies would choose to cut their work force; it is just kind of one of those things that happens. A company’s soul purpose is to make money, not to help people or make the world a better place. If you take from their bottom line, they have to make cuts somewhere. Cutting taxes on the middle class doesn’t really help that much if they don’t have a job with a salary to tax in the first place!