The book this time is: The Constant Princess (Phillipa Gregory)
Tuesday, October 21, 2008
Taxes....how interesting!
Tax cuts for the rich or for the working class? How do you decide? Should people who make more money be taxed more? Why should they be punished for being successful in life? Here's what I think....YES! I understand that someone who makes a lot of money may not want to give up their "hard-earned money", but then what makes someone think that somone who does not make a lot of money should give up more? It makes sense that taxes are based on your income. If the wealthy people don't have to pay higher taxes, and the poor people cannot pay their taxes, then there is no money for the government, which then cuts government programs that are designed to help people who need it. This makes our economy go down and then there is less money all around. Hello! We know trickle-down economics does not work, it doesn't actually trickle-down. Sorry Raegan enthusiasts. Also the amount of work one does is not always reflected in their paycheck. I worked my butt-off at Target, running around the store getting call-buttons, answering questions, and back-up cashiering, and I did not get paid anymore than the person who fooled around their entire shift. A CEO works very hard, I'm not denying that, but it does not mean that a person in a minimum wage job does not work hard also. So because the CEO makes more money, I say yes, he/she should have to pay more taxes. Is it fair to only tax people who make less money, no because then all their money goes to taxes. I know we are not a socialist country, but we are all about living the American Dream. This means everyone that lives here should be able to sustain themselves. Right now that is not the case, so we should be working to make sure that everyone is clothed, fed, and sheltered. This is what tax money should go to...helping our fellow Americans. Go taxes...because without them it would be a pretty messed up country we would be living in!
The book this time is: The Constant Princess (Phillipa Gregory)
The book this time is: The Constant Princess (Phillipa Gregory)
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Nora, I feel like we have the same thoughts. You inspired me to write my own blog about the whole economic/taxes matter which hopefully I will get around to soon.
Also, I read the book Obamanomics, which essentially is a critique and analysis of all our country's economic issues and evaluates Obama's plan in relation to them. The author is not always agreeing with Obama though, which is fun. Essentially the book's argument and process of thought concludes that trickle-down economics doesn't work. The traditional argument for trickle-down is that less taxes on the rich will allow them to spend their money more freely (thereby stimulating the economy) and allow them to invest more into meaningful charities and organizations. What they in fact found was that less taxes for the rich actually just led to the rich being richer. Surprise...it's a new yacht! The rich were allowing their massive wealth to grow rather than make an increased effort in helping the middle and lower classes.
So you should read this book because it's pretty awesome. And you're an awesome person. A perfect union!
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