Saturday, January 26, 2008

Treat, or Trickle-Down Trick?

So Bush wants to create an economic stimulus to bolster this failing economy? - his ridiculous remedy is to make his 2001 tax cuts to the rich, permanent. That's his 'trickle-down' fantasy that was first proposed by his repugnant predecessor, Reagan, who started us down the 'give-away-to-the-rich' road.

In the interim, he and his repugnant-lite enablers, Nancy Pelosi and Harry Reid, have devised what they say will keep the lid on and boost the economy - rebating taxpayers $600 each, give couples $1,200, plus $300 more for each child.

To say this would stimulate the economy is the height of political fakery and trickery, because they know it will be mostly spent by the recipients, to reduce their huge credit card debt - money paid right back to the usurious bankers who overcharged them in the first place.

If they were really serious about stimulating the economy, there are a lot of sensible measures they could be taken, that would make more sense.

First, I would remove the cap on social security payroll deductions, which currently sits at about $90,000. It makes no sense and is unfair, that someone making $250,000, $500,000, $1,000,000, $2,000,000 etc., has no deductions after earning $90,000.

Secondly, I would rescind the 2001 tax-cut giveaway to the wealthy - they have had an unearned ride at our expense for 7 years, now it's time for it to end!

Thirdly, I would declare a tax amnesty for the year 2008, where no social security, medicare, federal or state taxes will be owed or withheld, from people earning $75,000 or less - all these would be easily covered by removing the social security cap, and rescinding the criminal tax-cuts to the rich.

Fourthly, I would put a moratorium on all home foreclosures, thus giving those at risk, a year to marshal their resources to save their homes and equities.

I am under no illusion that these suggestions would even be considered, much less implemented by those at the top, but the inequities of our system must be addressed, and these are my suggestions to address them.

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