Why the Bush Tax Cuts to the Rich
need to be rescinded and the Middle
Class need tax equality.
June 25, 2008
A Sean Lewis Rant!
Ending the tax cuts to the rich will lower the debt, which will strengthen the US dollar, which will mean oil will cost less, which means inflation will go down, which means core inflation including food and fuel will diminish, which means the economy will become stronger because US workers will be able to afford to buy discretionary products, which will employ other Americans who will now have jobs so they will not lose their homes which means the housing market will stabilize, which means banks will be more solvent, which means money will once again become liquid which means loans for investments will once again become available which means industry will grow which means increasing GDP growth and more jobs.
This is WHY I am against tax cuts to the rich because during a time of war when we are spending money AWAY from America, we NEED the influx of cash to maintain the status quo of the economy.
Also a reduced tax rate merely because you are wealthier
than another individual is ELITIST thinking! The Republicans are PUNISHING working class Americans for WORKING for a living and being of modest wealth! The arrogance!
ALL income should be taxed at the same rate!
Why should the Paris Hilton's of the world get a break
because of a fluke of birth? Why should passive income
from capital gains and dividends be taxed at lower rates
while the working poor have to pay 75% MORE tax for
fewer EARNED WORKING WAGES!
Now my rant to those who blindly support the tax cuts!
As a broker I have seen what the Bush trickle down irresponsible tax cuts during war time and other dumb ass ideas have done to this country. I see major broker firms and banks going hat in hand to our enemies to borrow cash to stay in business. I see massive layoffs just around the
corner all along wall street, I see Bush holding hands with his Arab oil friends only to be denied when he goes begging them to bail the US out of spiraling oil prices. I watched the dollar fall and predicted the entire scenario of the decline of the US economy when I saw America going to
war in 2003. All of which is documented in writing.
It sickens me that it was idiots such as Bush Supporters too gullible to know they are America's and their own worst enemies.
Bush Supporters just didn't get it.
Bush Supporters didn't get the fact there were no WMD's
Bush Supporters didn't get it that there weren't enough troops.
Bush Supporters didn't get it that the housing market was about to
collapse.
Bush Supporters didn't get it that the tax cuts would bankrupt the
country
Bush Supporters didn't get it that gay marriage, steroid use in baseball, and the other red meat issues were just distractions from the real problems.
These eight years of incompetent, ignorant, arrogant governance have left America in a weakened and vulnerable state that COMMUNIST China will take advantage of as well as all of our other enemies.
America is now for sale at half price and the rest of the world is now in the driver seat. America is now a debtor nation and beholding to other nations to buy our ever decreasing US dollar so we can continue to keep the lights on.
This is why I am pissed. Yet Bush Supporters all still do not see the cliff ahead!
I am not concern how pretty my words are, I just want to get my point out there.