Tuesday, October 21, 2008
Will the real tax payers step forward.
Today, Catherine Rampell pointed out most American's don't need to worry about paying for the bailouts since they aren't even paying their taxes. However after promising Obama, in my concession speach, to keep him posted on his flaws and weaknesses it is my duty to poinnt out this one. Although it may appear McCain and Obama are going to give more tax breaks to the poor to than anyone in history. This, is nothing more than a rouse. Sure, it looks great on paper. A modern day robin hood helping the poor and taxing the rich. But just like tax brakes "trickle down" so do taxes. Every property tax hike pinches the renters pocket just like it does the land loards. The luxury tax on that yacht effects "Joe-the-yacht-salesman" more than it does "Phillpe-the-yacht-owner". So to all of you who will be lining up for your free lunch when Obama gets sworn in, just remember the sandwich is not included.
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