Posted by
Pete Zimmerman on Monday, January 19, 2009 10:40:59 PM
This may seem like common sense to most people, if you do not pay taxes you cannot receive a tax cut. Well, duh!!!
Barack Obama and the congress promise a tax "cut" for 95% of working Americans.
Here's the problem: only a little over 50% of Americans pay taxes at the current time. Their income taxes that are withheld are refunded to them every year. So now, with an additional tax "cut" they in reality end up receiving a payment from another American, a higher wage earner that still pays taxes.
This, ladies and gentlemen, amounts to a redistribution of wealth. And if this plan is okay with you then you are not a capitalist, but a socialist. Maybe I should have titled this blog "The Socialist Test."
Peace.