This blog used to be about politics. Not so much anymore as I have worked through
my fascination with that subject. It now seems appropriate that with a new president
and the end of the Bush nightmare that I move on to new subjects that are more in
line with my current interests. I may still occasionally express an opinion about
political matters but for the most part I will be commenting on music, photography
and personal observations. Thank you for reading.
Here's a handy guide. Keep it near your computer, television, or radio.
Why Conservatives Want this Tax Cut:
Wall Street is God: Investors, Shareholders, Debt Holders, Brokers, Banks and Executives. This is the main reason for everything. The entire focus of he tax cut is aimed at helping either directly or indirectly these people. With the small working class tidbits acting more as a candy coating to help us swallow it down.
Military spending is Great: This puts money into the hands of private corporations which are owned by stock holders. It also competes with other non-desirable social spending and in times of low tax revenue it drives the deficits.The majority of military spending goes into production of goods not salaries for the personel
Social Spending is Bad: This puts money into the hands of the poor, which they will only use to buy things like food and clothes and other needs. Not good for many of the big corporate interests. It also has the negative effect of creating jobs directly which means the labor pool shrinks and wages could go up, which is bad for wall street. Social Spending can only be good when it is directed at a private interest where a portion of the money gets back to Wall Street.
Debt is Good: This causes the tax revenue that might be spent on government programs to be spent instead on paying off the debt that is held by the debt holders. Anything that diverts tax revenue directly into the hands of either private investors or investor owned corporations is desirable. And since military spending is never cut other things will be.
Taxing Wall Street is Bad:This is money that is off limits to government. The thinking is, why tax it if we're working so hard to get it returned anyway?
Income taxes are Evil:The income tax has no upper caps and will tax 100% of everybody's incomes. What's worse is that it taxes rich investors at higher rates than poor non-investors, which violates the golden rule above.
Payroll taxes are less Evil: Since they have an upper limit cap, rich investors may only pay a very small percentage of their income to the payroll taxes but lower income people get taxed on 100% of their income. Besides....
Privatizing Social Security is Good: Once again, anything that transfers tax revenue into Wall Street is desirable. It has the added benefit of coming mostly from the poor, because of the just mentioned cap on payments by the wealthy. Even if the money gets washed away in a frequent wall street tsunami rich investors will still have their own money to fall back on while the poor just get to live on the streets, or better yet, go back to work.
Unemployment is Good: Having lots of people out of work and desperate for jobs is good for the large wall street corporations that demand cheap labor to keep profits high. Therefore things like unemployment benefits are to be kept to a minimum, only to be used when politically necessary.
Inflation is Bad: The costs of goods goes up, but so does the cost of labor. What doesn't go up is the value of loans.
Consumption taxes are Good: If they replace income taxes, then 100% of lower income people will have their money taxed as they spend it. While the investor class will only spend a small portion of their overall income on consumption they will spend the majority of it on investment. Once investments and returns are tax free all Wall Street money will float around in a tax free zone of ultimate happiness while the workers fund the military with their wages spent buying groceries.
35 yr old
Voted for Kerry
Voted for Obama
22.3% Less Smart