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The recent ploy from the socialists in the United States
Senate that purportedly gives every American income/payroll
taxpayer a $300 dollar tax “rebate” only proves how statist
these democrats are. And
by that I mean to say that their obvious collectivist mindset is
on display for all Americans to see.
For theirs is a “stimulus” plan that hardly qualifies
as a stimulus. It’s more like a disincentive.
These elected statesmen are peddling an “urgently
needed” legislative package that provides a one-time, uniform,
$300 check to every single citizen taxpayer or a $600 rebate
check for a married couple, regardless of income level.
On its face, this plan looks like it’s a big, bold
compassionate, “Let’s give the money back to the people”
tax reduction. In
reality though, the plan’s $460 billion-over-11-years sticker
price is a meaningless shenanigan that provides extremely
minimal overall tax relief, puts a small amount of money in the
hands of bottom rung wage earners and the capitalist small
businessmen alike, and essentially leaves out the folks that pay
the vast majority (upwards of 90%) of federal income taxes!
For goodness sakes, we have a projected budget surplus of
$5.6 trillion!
Even more, the
fact that this plan is less than a third of President Bush’s
bashful proposal indicates the bill would engender marginal
results. Wasn’t
it just two or three weeks ago that these stooges painted
Bush’s plan as a do-nothing strategy that would accomplish
little if anything to curb the present economic downturn?
Yes. And yet,
they have the audacity to then proffer legislation that promises
something less than the President and Congressional
Republicans are offering! This
strikes me as an insulting display of democratic arrogance.
If these people are so intent on creating a
“stimulus”, then why not make President Bush’s plan
completely retroactive, which would give more of the country’s
highly burdened tax-payers a more proportionate amount of the
initial reductions?
These moneyed businessmen are the people that create and
spur economic wealth, not the whole of the working class.
It’s a classic case of these democratic senators “not
being able to see the forest for the trees!”
More aptly, they can’t stomach a scenario that sees the
new president garnering any credit for anything having to do
with tax cuts!
Democrats are betting their plan will serve as an excuse
to shelve the marginal tax rate reductions proposed by Bush.
Ideally, they expect the American people to take the $300
bait-hook, line and sinker-and buy into what appears (to
millions of Americans) to be a very generous “giveaway” from
our loving, benevolent caretakers in Washington.
Unfortunately, their hunch is justified; most Americans
are gullible enough to believe this plan actually amounts to a
large tax return. Assuming
the congress were to somehow pass this ill-conceived proposal,
you can bet that Senators Daschle and Kennedy would shame
Americans into believing that (what would then be) additional
marginal tax rate reductions would be a giveaway to the rich.
Accordingly, in the coming days, the notorious hired liberal
guns, from unions and telemarketing companies to paid DNC staff,
will flood the telephone lines of congressional moderates of
both parties with contrived, public groundswell to try and scare
these squishes to tilt the balance in favor of the socialist
plan.
But before Americans and their elected representatives
capitulate to this arrogant display of collectivism, consider
the ambiguously communist philosophy behind the plan.
Is this proposal from the democrats fair and equitable?
Is the plan sufficiently egalitarian in its
redistribution of income? Yes,
if you judge fairness by virtue of an intensely equitable rebate
of $300 to every taxpayer. No, if you consider that the burden of taxpaying is slanted
heavily toward the top wage earners.
When one considers the plan in its totality, the proposal
looks typically vacuous. It’s
simply an effort to gain a victory in the polls, a strategy well
worn by liberals. Senate
democrats are aiming to sway the polls in their favor with a
trifling tax rebate, and at the same time manage to stay true to
their big government/communist instincts.
Ask yourself, “Is it fair and honest for a person
making $450K and in the 39.6% tax bracket to get a measly $300
tax rip-off check, while a lower class wage-earner making $25K a
year receives same?” No,
not when an intelligent person considers that the former is
shelling out nearly $200k in federal income taxes to begin with.
But in the minds of the socialists in the United States
Senate, the arrangement makes perfect sense.
Contrary to their sentiment, I think it far more
beneficial for this nation’s economic fortunes, that the
wealthy receive back the vast majority of the tax surplus,
instead of a pathetic $300 (This is best achieved via President
Bush’s proposals, by the way).
The wealthy create more wealth as they amass more wealth.
You say, “Huh?”
But think about it.
The well off of this great land, as their personal riches
attest, are quite fond of making money for themselves.
Many times they achieve this by forming corporations or
companies that undertake research and development of
manufacturing and production practices, and subsequently make
available avant-garde technologies and services for the general
public. As the
production process is mastered, enabling the goods to be
mass-produced, and supply is able to meet consumer demand,
prices come down, encouraging the vast majority of Americans to
buy more goods. Consequently,
standards of living increase, and middle and lower class
Americans enjoy the luxuries (without spending their life
savings) usually associated with the very wealthy of other
nations. Returning
these capitalist’s their money would indirectly spur more
investment by middle and lower income taxpayers, create more
jobs, and generate additional revenue for the government in the
form of increased tax receipts.
So why on earth would these leftist politicos claim to
want to spur sustained, meaningful economic investment and
development, and then inexplicably propose to give all American
tax-payers, regardless of their tax bracket, a $300 rebate
check? As I see it,
the best they can hope for is that most lower and middle class
Americans will use their $300/$600 check to pay off high utility
bills for three or four months, pay off a portion of a credit
card bill, fill up with gas a few times, or even be able to
afford more groceries for their families.
And this all well and good, to be sure.
But as for the creators’ stated goal of stimulating the
American economy, their plan accomplishes nothing!
Even the most optimistic forecaster must admit that most
of the families and individuals that receive these rebates will
not, in turn, use this money to create more wealth and thereby
help to provide a sustained economic expansion.
Realistically, most of America’s masses would spend
their check for the aforementioned purposes, or else blow it on
new rims for their Chevy Impala or on adult beverages or on
clothes and shoes. Few
will save. And even fewer will invest, partially because $300 is not
much to work with as far as investing is concerned, and partly
because the good majority of the beneficiaries don’t have the
slightest notion of putting their money into the market.
And after the check runs its course, the contrived
stimulus will last about a month.
Hardly worthy of the label “stimulus”!
Every patriot with a backbone should set about calling
both of their senators and their congressman, and convey to them
your displeasure with the democratic proposal.
And make it clear to these elected statesmen, that any
alternative to President Bush’s modest tax reduction plan is
unacceptable. The
sort of tax rebate packages proposed by liberals will provide no
sustained economic progress because it returns too little money
to the American taxpayers, and it doesn’t provide a large
enough cash infusion to the small businesses and large
corporations that create and sustain economic
prosperity in the first place!
Bluntly, this garbage is more short-sided socialism from
the communist purveyors in the United States Senate.
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