America Cures- Import tax - Expirations of the Bush Emergency Actions
We are going down the road of the Cure for Americans Woes.
Yesterday we discuss a small import tax.
1. The %10 unemployment or Jobless Americans is in direct relationship to our import policies and Illegal Immigration. So, Cure 1, Add an import tax of 1 or 2 cents to counteract the Chinese effect. They will not play fair so let’s fix this problem up front.
2. Today topics is taxes. The truth of the matter: with 10% unemployment, letting the taxes shelters expire will not...I repeat will not have an effect one way or another on Americans woes.
First because of constant raising of the minimum wages and inflation busting measures causing the expansion of income ranges; one must realize that things have change. We use to have just three classes in America. The poor, the middle class, and the rich. Now we have an added class: The poor, the middle class, the upper middle or lower rich class, and the rich. The rich are people like Buffet, Soros, Gates, the Browns, the Kerry’s(hunts), the Pelosi’s, etc’s. The upper middle class makes between 250k and 1 million are wealthy but not rich, and they are a direct threat to the uber rich like Soros. The super rich does not care if you raise taxes...they will just move things overseas to balance out the costs, they have the power to do whatever they want. So they are immune to tax changes, period. Quite often the rich uses taxes to hold down the upper middle class...well they are always trying to hold down the upper middle class. That is the reason why Brown ran in California. (If Google Girl(upper middle class/lower rich) had won it would have change the rules of the nice little game they have been playing.
Option A: Keeping the tax breaks in place: Nothing changes nothing renews nothing rejuvenates...Nothing happens...Giving the middle or in this case keeping does not encourage industry or jobs...Giving/keeping tax breaks at this time to the rich just maintains the status quo. In short, nothing happens.
Option B: Lapse the rich tax breaks only on the small time rich (250k to 1mill) will actually take jobs away. (Remember the Rich wants higher taxes to hold down those upper middle class that are breaking through the ranks. So, the rich use tax to control the growth of the upper middle class. It is the ultimate class warfare) It is the upper middle or lower rich that accounts for most of the new jobs in American. (the uber rich or rich has no motivation to increase jobs or decrease jobs....jobs are a side effect to their desires and there is not a damn thing the government can do to motivate jobs creation with this crew) So, actually getting rid of tax breaks will in the long run reduce jobs. Because the taxes are actually taking direct investment money.
Option C: Is two phase process.
Phase one. One let the tax breaks expire. Period. They were an emergency action by the President (bush) and the congress at the start of the war.
Phase two. Re-introduce tax Breaks and incentives to encourage the upper middle class and the rich if you can (which I doubt) to branch out and create jobs. Give the middle massive tax write offs for hire home help, on expense that create direct jobs. (Two examples: Energy efficient roofs(create jobs directly) (Software: do it yourself software, while it gives programmers a jobs the net effect is less jobs))
Simplified solution to Americans woes 2. is the restructure of the tax rate and breaks.