Canuck, just as an FYI, small business ownership spiked during the recession. People did what the American spirit is known for: Become creative and resourceful to find a solution to your problem.
I am sure this boils down to the emotions of the haves vs. the have nots. It’s a very emotional issue. But the more we take from the haves and give to the have nots, the more towards a socialistic society we trend. That’s why a great number of us do not believe in raising taxes on the rich to solve our financial woes.
And that’s what’s happening in congress. There’s an ideological battle that’s happening: Do we cease giving to those who do not have, or do we take more from those that have earned it? Those are our only two options, and both options are bound to irritate someone. There is no happy medium, and unfortunately, one group is going to get screwed. It’s just a matter of who.
And for those who think it’s the big bubbas up at the top who should get screwed, think about the long-term implications of what you’re suggesting, and the precedent it sets. You lower the maximum bar and lower the bell curve of the average take-home pay. It’s a self-destructive and self-replicating cycle. That’s why I oppose soaking the rich for more: It will be a never-ending tide of raising taxes on the wealthy until the definition of wealthy meets the definition of middle class. Once we get to that point, we’ll no longer have the economic power to get ourselves out of that hole.
Is it tragic that we have people out of work? Yes. Are a good majority of them a result of downsizing and not their fault? Yes. Should we lift them up at the expense of the rest of the 91% of the working people? No. We have to make some painful cuts, and soon, or we’ll be washed away by the wave of debt that’s going to crash down on us. SS and Medicare MUST be reformed, and payouts be lowered. Defense spending must be streamlined and cuts made where possible. Discretionary spending must be restricted. Pork must end. Grants to states must be cut off. We must go back to the system where we don’t buy something if we don’t have the money in our checking account.
Just to prove my point that the government is at risk of defaulting on its obligations: Warren Buffet downsized his treasuries portfolio. Whatever you may think of this guy as a person (because he got rich blah blah blah), he’s still a very smart business man. The writing’s on the wall. The question we all should be asking ourselves is if we all have the collective courage to make the hard choices and tighten our belts.
Canuck, just as an FYI, small business ownership spiked during the recession. People did what the American spirit is known for: Become creative and resourceful to find a solution to your problem.
I am sure this boils down to the emotions of the haves vs. the have nots. It’s a very emotional issue. But the more we take from the haves and give to the have nots, the more towards a socialistic society we trend. That’s why a great number of us do not believe in raising taxes on the rich to solve our financial woes.
And that’s what’s happening in congress. There’s an ideological battle that’s happening: Do we cease giving to those who do not have, or do we take more from those that have earned it? Those are our only two options, and both options are bound to irritate someone. There is no happy medium, and unfortunately, one group is going to get screwed. It’s just a matter of who.
And for those who think it’s the big bubbas up at the top who should get screwed, think about the long-term implications of what you’re suggesting, and the precedent it sets. You lower the maximum bar and lower the bell curve of the average take-home pay. It’s a self-destructive and self-replicating cycle. That’s why I oppose soaking the rich for more: It will be a never-ending tide of raising taxes on the wealthy until the definition of wealthy meets the definition of middle class. Once we get to that point, we’ll no longer have the economic power to get ourselves out of that hole.
Is it tragic that we have people out of work? Yes. Are a good majority of them a result of downsizing and not their fault? Yes. Should we lift them up at the expense of the rest of the 91% of the working people? No. We have to make some painful cuts, and soon, or we’ll be washed away by the wave of debt that’s going to crash down on us. SS and Medicare MUST be reformed, and payouts be lowered. Defense spending must be streamlined and cuts made where possible. Discretionary spending must be restricted. Pork must end. Grants to states must be cut off. We must go back to the system where we don’t buy something if we don’t have the money in our checking account.
Just to prove my point that the government is at risk of defaulting on its obligations: Warren Buffet downsized his treasuries portfolio. Whatever you may think of this guy as a person (because he got rich blah blah blah), he’s still a very smart business man. The writing’s on the wall. The question we all should be asking ourselves is if we all have the collective courage to make the hard choices and tighten our belts.