I am tired of liberals and conservatives bashing each other, complaing about things and not doing anything to turn the ecomony around. What we need are ideas to improve things, to get jobs created, to really stimulate the economy. What are your ideas to help make it better.
I had a dream once. If I work hard, and smart, get an education I could make a lot of money and live the good life. Little did I know that my taxes would be 35% or so for income tax, almost 13% more for self employment tax, plus probably 25% more for real estate taxes on my properties and home. Add it up, that’s about 75% of my income that goes to the tax man. So if I make 275,000 before taxes, about 206,000 goes for taxes and leaves me about 70,00.00 spendable money. 75.00 out of every 100.00 I earn goes to some form of tax payment. The so called rich do pay 85% of the taxes paid to the IRS each year.
Imagine…..if you could keep 85% of what you make. You could expand your business, hire more people, buy new equipment, splurge and buy a newer, nicer car. Save money for your old age or to leave to your kids (although if Obama and the Demos get their way the money you saved but already paid taxes on, the investments you made but already paid taxes on will be taxed via the Estate tax at 80%, so they (the kids) end up with next to nothing from the life time you spend building a nest egg for your family) If you could expand your business, hire more people, buy lots of things then the economy would rebound, jobs would be created, factories would make stuff and they would hire more people.
I own a business. In the process I support via a payroll 16 employees. I also help out a half dozen or so friends and people I know on a regular basis when times get tough for them. I hire several people to repair and maintain my rental properties. All in all I probably help support more than 25 other people.
I don’t mind my taxes helping people in need or in trouble for awhile until they get back on their feet. But I do mind supporting them for the rest of their lives, and their kids grow up expecting the government to support them too. People get fired, lose their homes and can’t get on housing because there are 10,000 on the waiting list and they don’t have anything for more than 2 years. Those people need help now, not two years from now. But the people that got there first have it all tied up and stay on the program for years and years I don’t know the answers. Maybe time limits for welfare for able bodied healthy people (not the disabled though). Maybe we should not build million dollar elementary school buildings. Maybe there are too many administrators in the schools systems compared to teachers. Maybe we should not spend over $100,000 to change the signs on Delarosa Street (especially when 75% of the people don’t want the name change). How many billions of dollars go to support people in this country illegally. How many billions of dollars are wasted supporting wars in Iraq, Afghanistan, and now Libya . How many roads could be built, how many student grants could be made with all the wasted tax dollars. How many tax dollars are wasted subsidizing ethanol made from corn, thus creating a food shortage worldwide, just to make a fuel that is 25% less efficient than gasoline while giving tax credits to people to buy cars they would not otherwise buy. (let the market determine what people want to buy when it comes to cars and lots of other things). Why should companies that take their factories to China, or Mexico get tax breaks for those investments. I think they should disallow tax breaks, if they are made to build factories overseas and give more breaks for expanding here in this country. If you want to stimulate the country (1) do not raise taxes, lower them (2) reduce waste where ever you can (3) eliminate tax breaks for investments made overseas and raise them for investments made in the USA (4) expand our domestic oil production….we can produce enough to be free of foreign oil (5) stop the inflex of illegal immigrants by catching them and sending them back, by going after the companies that pay them low wages under the table (fine the shit out of them, send some management to jail, make it unwise to hire illegals) (6) get rid of socialized medicine and Obamacare….it is wasteful, unhealthy and not needed (maybe a group of PPO plans, bid out by the insurance companies with pre existing conditions accepted without more than a 10% surcharge, and available to everyone at a group rate would work better) There is a lot right with this country, but there is a lot going wrong too. 3 years after Bush unemployment is still about 9% (if you count the people still trying to get a job and closer to 16% if you count the ones who have given up). Factory orders are down or sluggish, salaries are frozen or reduced for those who are lucky enough to have a job. History tells us eventually the economy will rebound and good times will return, probably in spite of what the politicians do.