Originally posted by Celtic
Quote:
Originally posted by Parkbandit
...And Celtic.. you are wasting your breath. Far too many people are living in the 9-10-01 world and are either oblivious or ignorant of the way the world works today.
Yes, so it appears you are totally correct.
Ilvane, as for taxing the rich. LOL
80% of the taxes are collected from 20% of the "wealthiest" in the nation. The rest, 20% of the taxes come from the rest of the 80% of workers.
Let me give you a quick lesson on economy. When those top 20% get a tax break, they end up paying MORE in taxes then before the break. Why? Because they re-invest that tax break in several avenues that provide them with more income thereby making them pay MORE taxes.
Is it fair that someone in that bracket gets $2000 less in taxes then someone in the 80% group that gets $250 break?
In a word, yes.
However, taxing the "rich" will end up creating less in revenue for the government, thereby causing an even larger problem with respect to their spending.
Everyone is crying on how the economy is so bad, let me share something with you. Since 2000, the automobile industry has grown 5% in sales every year except in 2001 (9/11 mean anything to you?).
2003 and through the first quarter of 2004, Class 6-7 and 8 trucks have increased in sales nearly 25%. These are commercial trucks that are purchased by the so called "rich". Why are they buying these trucks? They've reinvested back into their companies, providing better vehicles for their employees to drive.
I've seen many small business owners expanding, adding on employees, adding on vehicles in the past 3 years that it was only a matter of time before it caught on.
Bush for 4 more years will return the economy to where we remember it in the 90's.
Ilvane, I don't know what you do for a living, but you really need to open your eyes and look around.
The economy is so robust its going to burst. Hence, the .25 and again .25 increases in the Fed.
Now, if you have run up some credit card debt, you're not going to be too happy, but overall, from my percpective, the economy is having a banner time of it in the automotive industry.
Oh! I almost forgot..
In case you're doubting me... Go read 8/13/2004 New York Times. They finally had to admit it today.
[Edited on 8-14-2004 by Celtic]