The recent tax compromise has the Spacefamily in disagreement. I am not thrilled with the fact that the top 1.8% ($250,000+ yearly income) still gets tax breaks. I am not happy that the estate tax is now a $5 million start point instead of $1million. However, I am happy that the 98.2% of Americans are getting a tax break. Dr. Jay is FURIOUS at the President for not standing his ground and telling the Republican leaders where to take the tax breaks for the rich and shove them. While I understand his anger, I actually agree with Obama on this one.
I think Obama has a point that bickering and doing nothing is a bad idea. Action is needed and there are so many families working to discover that they still can’t make ends meet. These are the people who need the break. They are the ones who need to have the extra $$ to save/spend/put food on the table, etc. Of course, the tax breaks help the middle class more than those who are in desperate need, but this is how things always work.
On the other hand, I am peeved that people making $1million+ are getting tax breaks. These are the people who are in a better position to help others. I know one friend (I don’t know if you still read, I miss you and hope you do) who is a strong believer in capitalism. She feels that SHE can choose where her money goes and that the government has no right to use it. Period. She does like to drive on the government built roads and she does like the roads cleared and I am sure she enjoys the police protection in her town. I am sure she would prefer the people who run her money accounts be reasonably educated by the public school systems and to have been involved in school sports and activities instead of being only involved in the activities the family can afford. The public money does trickle up in ways that many fail to see.
The truth of the matter is that the United States is NOT a capitalistic country. It is a mix of socialism and capitalism.
The rich have created several capitalistic loopholes to prevent them from aiding the socialistic agenda of our country.
The middle is further away from the middle these days. We have a parfait that has a very creamy top layer, but thin, and the main of the parfait is watered down.
We’ve been built on the horrible idea that those who work hard will become rich. Have you ever seen your garbage man working? Want to say that’s not hard work? Now, do you want to say he’s going to get rich from doing that? Yeah, didn’t think so.
I don’t have an answer for the tax issues. I just wish it wasn’t such a polarizing issue…