Ideologues will argue that extending Bush's tax credits to the wealthiest amongst us is a budget buster, and has not proven to do anything over the past 10 years to create jobs. I would ask them to take into account the standard disclaimer that every mutual fund issues to it's subscribers:
Past performance is no guarantee of future results.
I know...I know...Lord how do I know....I missed out on the golden age of the past 10 years. People got rich. Some of them got fabulously rich. I didn't...BUT I COULD HAVE.
I just wasn't at the right time at the right place.
I was in America, During the first decade of this century. But I too could be a Bernie Madoff. Or a Dennis Kozlowski. Or even a Kenneth Lay. I just didn't have the moxie. I was a sheep, in Pink Floyd's epic Animals. If only I could have been a dog....They are only dragged down by the stone when they're too old to care anyway, and everyone around them has already become fabulously Rich. And in the process, they have absconded with the funds, left the poor saps they've bilked gaping open mouthed at their own naivete, and hidden the proceeds overseas. Not bad work if you can get it, to paraphrase Gershwin.
WE MUST EXTEND THESE TAX CUTS TO THE RICH!!!!
Firstly, because they worked hard for the money. Secondly, because they worked hard for the money.
Yes...they worked hard for the money, so we better treat them right.
Some of them earned it the old fashioned way, as Senatorial candidate Raese of West Virginia put it so eloquently...they inherited it. Can't you just hear the golden tones of John Houseman? Some of them earned it the new fashioned way...they contributed eyebrow raising sums of money to Republicans and wrangled no bid contracts in America's unending state of war against the enemy de jeur.
You'd be surprised how much money you can make selling piece of shit body armour to the Department of Defense. Almost enough enough to throw a disgustingly garish Bat Mitvah for your daughter, with a real rock band as the entertainment.
Now...THAT's the American way...and our tax code should encourage and and nurture it.
Helium balloons and a local clown may be okay for some folks on their kid's birthday...but nothing spurs the economy like caviar and Steve Tyler at your daughter's Bat Mitvah. And that's what you don't understand.
Sure...these millionaires are easy targets for class scorn...but in exchange for millions of dollars in no-bid contracts from the Federal Government...Steven Tyler got a gig. That's how trickil down economics works. He probably had his hair tinted before that gig, to tone down the gray...and so it works its way down into the "real" economy.
Some may say that extending tax cuts that haven't created any jobs for the past 9 years are not likely to create any jobs in the next 5 years.
I say you are short sighted, and impatient.
Put another quarter into the slot machine.
You too could leave Las Vegas rich.
If not...there's a Pawn Shop I know that offers fair prices for wedding rings.