Tax rate changes are up this year and maybe down next year?
Or is it down, then up? Is this the teeter-totter approach to cliff diving? The
examiner.com asks: are Americans winning or losing on the teeter-totter?
The S&P 500 is up from January 2012. It is a safe
assumption that the wealthy are wealthier than they were in 2011. Therefore
raising the wealthy Americans’ tax rate for 2012 is not a huge impact to the
federal deficit, nor will it be hurtful to the wealthy who remain wealthier
than they were last year; a half-pence for the pauper. For a President who ran
for office promising a “Robin Hood” presidency, did the people receive “Prince
John”?
The purposed tax changes in fact are more harm than good.
The S&P 500 will likely be continuing a downward trend for 2013. Lowering
the taxes to the wealthy for 2013 will ease this pinch. It is more of the
wealthy getting their pat-on-the-back and more of the “good ol’ boy politics”. However, cutting benefits to the elderly is
harmful to the populous. Obama is considering the “Lizzie Borden” approach to
economics; taking the hatchet to benefits for the elderly. People who can
barely afford their medications, food and housing will now get their ax, a cut
in social security benefits. Welcome to
2012-13 America….
No comments:
Post a Comment