Skip to main content

Taxes and Job Creators.

A) First and foremost, "Job Creators" are the MIDDLE CLASS, not the Wealthy. The Middle Class have the income to buy the things they need and have extra income to buy many of the things they want. The Lower Class can (hopefully) buy the things they need and occasionally a couple of things they want. Obviously a strong Middle Class, and an improving Lower Class, drives the economy. Giving tax breaks to the Wealthy does not (as proven by the Bush Tax Cuts) create jobs. It does allow the Wealthy to buy more homes, cars and put money in foreign banks.

(More below the orange acid rain cloud)

But the Bush tax cuts showed that it DOES NOT create jobs...at all. Just look at how the economy did in the years following those cuts. Compare that to any time of great expansion of the Middle Class (advent of the Automobile/production line, return of the soldiers after WW 1 and especially WW 2).
Now tax cuts to the Middle Class and Lower Class can and do create jobs. Still most effective at creating jobs is having more and more people move from the Lower Class into the Middle Class.^ Also important is having the Middle Class thrive and not slip back into the Lower Class.

^ having a strong and growing Middle Class is so important to economic growth that I am surprised the Weathy do not work hard to grow this segment of the population.

+++

B) Don't like calling it a tax hike on the Wealthy? Fine, call it a War Tax. We had two long and expensive wars, Afghanistan and Iraq, that we didn't ask our able citizens to pay for. For other wars we have asked our citizens to sacrifice and pitch in; to ration and buy War Bonds. But for these wars President Bush asked us to "go to the Mall". We, as a nation, should have been adding to the Federal coffers to pay the enormous cost of these wars. Instead we gave huge tax cuts. And then, not surprisingly, saw our economy tank and the deficit grow.
The Wealthy are historically the ones who benefit the most from wars, either directly with investments or indirectly by living in a protected country to have their business and raise their children. So why shouldn't they help this country that helps them so much? The Wealthy are also the least likely to lose "Blood and Treasure" in war. Their children rarely join the military and the few who do almost never see duty on the battlefield. The Middle Class, and mostly Lower Class, are asked the huge burden of sending their children to fight, possibly kill and all too often die. So the War Tax for the Middle and Lower class is through "Blood and Treasure". The tax for the wealthy should be adding coin to the Federal government.
The "Wealthy" will be fine and still quite wealthy with a return to the Clinton Tax Rates.
^^(see below--a small increase in tax rate will not drop them from the ranks of the extrememly Wealthy)

In return the well off will be directly helping this Country that has helped them achieve so much.

+++

^^M. Naz@Mozi_N 20h

It's not a fiscal cliff that is the problem. 400 people own as much wealth as 150 million people. That is the problem. #My2K #tcot #FB

From the Tweet of the Day

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site