Tax credits are kind of funny. You only get them if you do want the government wants you do, or only certain people get them while others do not.
Straight tax cuts, allowing people to decide for themselves how to spend the money, are preferable, but they rarely correspond with spending cuts. You end up trading a lower tax burden for increased inflation, and inflation will win. Who, incidentally, suffers most from the ravages of inflation?
Why, that would be the poor (especially those on fixed incomes) and the middle class!
The poor and the middle class don’t have lobbyists, we’re supposed to, they’re known as legislators, but that ship has sailed. Promise the these people the world to get their vote, and when the legislation hits The Hill the lobbyists and special interests turn into a cash cow for their employers.
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Excellent!
Tax credits are kind of funny. You only get them if you do want the government wants you do, or only certain people get them while others do not.
Straight tax cuts, allowing people to decide for themselves how to spend the money, are preferable, but they rarely correspond with spending cuts. You end up trading a lower tax burden for increased inflation, and inflation will win. Who, incidentally, suffers most from the ravages of inflation?
Why, that would be the poor (especially those on fixed incomes) and the middle class!
The poor and the middle class don’t have lobbyists, we’re supposed to, they’re known as legislators, but that ship has sailed. Promise the these people the world to get their vote, and when the legislation hits The Hill the lobbyists and special interests turn into a cash cow for their employers.
It’s an old dance. No wonder I hate dancing!
posted by: George Regal · 10/14/08