One man's opinions about how the world (and America) could and should be better.
Thursday, March 17, 2011
Let the tax cuts expire
Let the Bush Tax cuts for the very wealthy expire. This mantra of "you can't raise taxes in a weak economy" is total BS and is rooted in the discredited "trickle-down theory". Giving more money to those that already have it does not feed the economy, it only feeds their bank accounts (I'm sure Morgan Stanley doesn't mind). And I think we should always point out that this is not a tax increase, it is the end of a very generous tax break. The tax break was supposed to stimulate the economy- it did not. Why would we extend a failed policy?
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