Tag Archives: taxes

The Supply Side Revolution from the Kudlow Report

Ok everyone, I think this is an important video to watch. This is what I was taught when I took that economics course. This is what most people are taught… even those politicians who seem to say otherwise. I know we all have our political views, but I bet we can all agree one one thing: The US government needs to give us more of our own money back. Stop taxing us to “create wealth” somewhere else, let us do it. Lower taxes during a recession, not increase it, give businesses the ability to re-invest in themselves so they can hire more people and buy more products, allow people to start their own business easily, get us as much of those tax dollars you can spare and le us recover the economy.Period

Make the economic pie bigger, don’t just slice the one we have into more parts.

The new normal indeed… Watch the video, especially the first minute.

Vodpod videos no longer available.

more about “The Supply Side Revolution from the K…“, posted with vodpod

Lets be grown about this. Let us really and TRULY get all sides of this and what is going on. I can tell you right now that we may be in for some trouble if our government continues to spend money it doesn’t have and print money just to pay its own debts (while at the same time devaluing the dollar… those gas prices are going to go up again, but not because oil is more expensive, it because you dollar is worth less than it was)

One thing to really remember (and I am going to write about this in detail one day), the reason why the American middle class is shrinking is not just because the rich are getting richer; It is because the money we earn is worth less and less. For people with millions (especially high net worth earners), it doesn’t matter as much, but for us, it matter allot.


Political Corner: The New White House.gov Reality Check on Health Care

(its great that we have people in the White House who are willing to dicuss)

After listening to this I feel a little bit better about the plan… but there is just one issue I have when it comes to the question of rashining of care. I will agree that it already happens and even to some extent in the governments Medicaid/Medicare program, but I think the question people have about rationing is truely this: If, and let me say the word again, If, the cost of this government insurance option ends up costing billions or even trillions of dollars more than projected, will there be a possibility of rationing? If there is rationing, how will it work? If the cost ends up being so high AND there is another recession, what happens?

We need to know the positives AND negatives of the plan and mediate the negatives.

Sadly, this particular video does not asnwer this question which is what many opponents and even people who WANT health care reform are truely asking. What happens if… it costs more than the 1.4 Trillion dollars… What happens if… the government is caught with its pants down and can not pay for the people who are on the plan…  If the White House and anyone else who truely wants health care reform to happen, then these “what if” scenerios need to be answered.

You can always plan to succeed, but also prepare for failure.

Lets be grown out there people… don’t  get violent, but discuss this issues. Lets also be sexy… look really good while your asking thoe questions in your designer footwear and in style fashion sense.


The Stimulus Tax Break… what is it for you?

Tax Savings
How households may fare under the economic recovery plan.
Income Avg. Tax Savings Drop in Tax Bite
Under $19K $476 -95%
$19K-$38K $652 -22%
$38K-$66K $781 -9%
$66K-$112K $1,301 -7.5%
$112K-$161K $2,549 -8.3%
$161K-$227K $3,883 -8.3%
$227K-$603K $5,133 -5.7%
$2.8M plus $39,350 -1.4%
Source: The Tax Policy Center

<<<< There it is in black and white

So if you are wondering what will happen to your pay check on April 1 2009, you can now see it right here. For more info check out the link where I read it.


So What IS The Economic Plan, Obama?

Don’t get me wrong here, I like Obama (I’m a Democrat, albeit a conservative Democrat) and I also like Hillary, but that doesn’t mean I will just give them a pass because I’m a Democrat and McCain is a Republican.

When it comes to economic policy, Barack Obama’s standard campaign crack that a John McCain administration would amount to a third term of George W. Bush contains an awful lot of truth. Yes, McCain is a different man, with a different history, who will face a different set of challenges and opportunities than Bush has. But look through McCain’s campaign pledges on the economy, and for the most part they really do amount to a continuation of two key policy priorities of the Bush administration: cutting taxes and moving more economic decisions (and responsibilities) into the hands of individuals.

McCain economic adviser Douglas Holtz-Eakin tried over the weekend to make the case that it’s Obama who more closely resembles Bush because they’re both big spenders. But it’s hard to see that one sticking. If this election becomes a referendum on the recent performance of the U.S. economy, Obama wins and McCain loses. It’s as simple as that.

Source: Time

I am all for raising taxes for people who have more disposable money as well as raising taxes for businesses, BUT I don’t want blind taxation. I want smart taxation. 150,000 dollars a year might sound like allot to me and you (for me, that is changing… 150,000 a year don’t sound so great to me any more but at the same time its still allot) but I don’t think its allot for a family of 3.

And if you are going to tax those who earn, say over 200,000 a year, lets put that new tax to things we need now like investing in our infrastructure (roads, train, airports, electric grid, fuel distubution and so forth). Imagine taking a train going 300MPH to Florida from New York and get their in 8 hours 9or less… I don’t feel like doing calulations on how far NYC is from say Maimi and how long it would take to ge there at 300MPH lol). We are in dire need of investing in our infrastructure especially our trains, bridges, tunnels and airports.

Taxing oil companies for their windfall sounds great, but it would be better if they were allowed to use that money on new technology and R&D for new fuel deposits and such. I think they would do a better job at finding more resources then the government would.

I don’t want taxes, I want smart taxation and investment.

Link: What Is Obama’s Economic Plan? – TIME