Saturday, December 4, 2010

Lattanzi Moment #2 - The Tax Problem

In today's Lattanzi Moment, we have a look at the expiration of the so-called "Bush tax cuts" and the effect such would have on a shaky economy.

2 comments:

Doyler said...

If you give a person of exceptional wealth more money, then you have a person with more money. Will that person spend more? Of course. But your trust in the big spending rich is just trickle down economics, which doesn't work.

This country depends on the wealthy spending disproportionately because we allow them every financial advantage because of their "big spender" status. We give them tax breaks, the loopholes, and so forth.

While the rich spend money, the average citizen has to pay such a higher percentage of their income on food, clothing and shelter. ((And when someone with a low income has the AUDACITY to spend money on a small luxury they can't afford, they are blasted by society as system abusers.))

Support the middle class and restrict the ever widening disparity between the rich and poor.

Joshua Lattanzi said...

I can appreciate what you are saying, but it's not "trickle down" economics, per se. I advocate low taxes across the board, but it is in fact the rich who create the jobs.

You and I...we don't create jobs, as we are middle class employees. We have to trust them to do so. I don't trust the government to create employment, and it isn't something they do particularly well either, especially trying to foster private sector employment.

In a perfect world, we wouldn't need anything, but it's not a perfect world, and thus we need incentive. Higher taxes is precisely the wrong way to go about it, ESPECIALLY for the so-called rich. Finally, do you consider people who make 250k to be 'rich'? I certainly don't.

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