Evening folks
Jeez, Iv'e seen and heard so much these past few weeks, it's hard to look at so many points of view and ad anything that doesn't sound biased. Left this, right that, liberal that conservative this. Dems. Repubs. Who did or didn't cause this or that. Capitalists, Socialists, economic slow down, recession, depression. Oh my heavens ladies and gentlemen, it's so obvious America has fallen into a "Hatfield's vs The McCoys" Nation regarding a long term detrimental mess.
I see that some understand economics, at least rudimentary, and other simply do not. The majority of the millions donated to either party's campaigns are primarily from huge corporate entities hoping to start the favor train early on. Heck guys, I gave five dollars to each party, dems and repubs recently. The record amount Obama has garnered comes from a huge majority of those with the most, hoping to get attention and then, then there are us five and ten dollar givers across the entire populace of over 300 million of us. Yes it clear that "WE" want change on both sides. I apologize to those who hate reading lengthy text, but it's a complex system that many just don't seem to understand.
Taxes:On both sides the issue has been so twisted with hyperbole by those for or against the other, that we, the electorate generally don't understand it any longer. Keep in mind that neither McCain nor Obama have tax legislative authority to start with. What most candidates say they are for, rarely occur as reality at the oval office to the president. A plan is only as good or bad as the congress writing it. Be that as it may, the facts are, that both candidates "plans" are fraught with pain and pleasure. I think I read the words "Punish" those who have worked hard for what they earn eighteen times today. That must be coming from the ones who earn that grand figure, or more than 250,000 annually. (That's taxable personal income per se') As a teacher of economics for eleven yrs, a chemical researcher husband for Monsanto in St.Louis for fifteen years, we never once brought home 250,000 and paid a higher percentage per dollar... in taxes than anyone earning well above that. What some here seem to misunderstand regarding those higher taxes, per Obama, is that by taking the current reduced rate given to those of "greater means" by congress and Bush, and increasing that tax rate to the common higher average, paid by those making far less, you then create a standard tax equality unknown by the top 10% since Reagan. Reagan called it "Supply Side/Trickle Down Economics." GHW Bush called that economic principal "VooDoo Economics" and my friends in the long run it doesn't work. and finally after nearly 30 years... has been proven a terrible failure. McCain's newer evolved plan: Wants to keep that failed system of economics unchanged, but also cut the rate even further to more wage levels. It is felt then, that by offering those(like Obams's plan) who earn less than 200,000 an even lower percentage, akin to those of greater means, McCain would do what NO OTHERadministration has ever successfully done; That is to deplete our national tax foundation to a level not seen since the advent of the "New Deal" It doesn't work! McCain is trying bless his heart, but lord knows, neither man can satisfy both sides of this tax coin, and keep our nation from falling even further toward another "Depression" In the realms of economics, I'm no "Wonder woman" but I do know quite a bit about it, And you'll just have to trust me here, you are not punishing any particular group having financial prowess, by taking our nation's tax structure back to a fairer "even Steven" basis. That doesn't actually get support of either side. But it should. So to those stumping the "Punish the wealthy" claim, you are wrong, 18% is 18%. None of us deserve to keep more because we simply make more. Who ever thought that silly idea up didn't have 300,000,000 siblings to fight over the last raisin cookie. It's all about percentages, try not to forget that. Which ever candidate comes up with a workable fairer percentage, gets the cookie.
God bless.