Come on, Warren! A second stimulus might be needed???
What do they call him, "The Oracle of Omaha"?? Can he not tell that the first stimulus is not working?
An illustrious businessman like Buffet should be able to see the clear inefficiencies in the way the stimulus is being implemented. What's better:
a) allow people and businesses to keep their money and spend, invest or save as they see fit.
or...
b) take the money from people and businesses, send it to Washington, then send it back to Denver, and then doll it out from Denver (or whatever state capitol pleases you) to the hinterlands.
Why isn't this obvious to the casual observer? More to the point, why isn't it obvious to an alleged genius like Buffet, or the brainiacs in Washington? Actually, Buffet himself implies the correct answer. The first stimulus was half stimulant and half "candy." He knows it, yet seems to think that even more of the same is the answer to the problem... how can an evidently smart man believe that the government will get it right the second time??
And, let me add this: we've spent most of the past several decades having it drilled into us that education is key in our burgeoning "information society." A highly educated workforce is the key to competing on a global scale, right?
Then, why in the world would anyone think that "shovel-ready projects" are the way to stimulate us out of a deep recession? Our workforce is well beyond shovels and manual labor. Obama is living in the 1930s!!
Our economy is so diverse today, there is no way a series of government projects can stimulate widespread growth. It must be achieved by broadbased tax cuts. Must!
Custom Search
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
Thursday, July 9, 2009
Wednesday, June 24, 2009
Help Stop High Energy Taxes
Hugh Hewitt links to AmericanSolutions.com
Remember when Obama promised that those of us making less than $250,000 per year would see no new taxes? Well, I'm sure that he will say that he is keeping that promise by leaving income taxes alone. However, as Cap-and-Trade comes closer to reality, just keep in mind that the Carbon Tax that companies will be forced to pay will indeed be passed right on to us... the consumers. It won't be seen as a tax, but it's money right out of our wallets.
Remember when Obama promised that those of us making less than $250,000 per year would see no new taxes? Well, I'm sure that he will say that he is keeping that promise by leaving income taxes alone. However, as Cap-and-Trade comes closer to reality, just keep in mind that the Carbon Tax that companies will be forced to pay will indeed be passed right on to us... the consumers. It won't be seen as a tax, but it's money right out of our wallets.
Sunday, June 7, 2009
A stimulus plan that would actually stimulate
If I were king...
Oh, if only.
These days, we have to ask ourselves, what really are we trying to stimulate? "The Economy"? That seems awfully nebulous to those of us out beyond The Beltway. No, what the government should be stimulating in employment. The main reason for the lack of consumer spending over the past several months is job insecurity. Why in the world would anybody spend anything in an environment of contracting incomes, and the very real potential of job loss.
Obama's plan has clearly done very little to stimulate job growth (courtesy Gateway pundit), despite his promises. Now reaching over 9%, it is more than a point higher than the Administration predicted when his stimulus package was signed into law. "Accelerate the stimulus," answers Joe Biden.
My answer: The really simple one. If you want to stimulate jobs, then stimulate actual employers. Companies big and small in America must be incentivized to hire new workers. And how best to do that? Yeah, you know! Cut taxes on employers, cut payroll taxes... if I were king, I would do whatever it takes to drive corporate income taxes to zero. After all, companies don't pay income taxes, their customers do. Taxation is just another cost of doing business, costs which, by necessity, must be passed on to the customer, the consumer... to you and me!
The Left would argue that we can increase taxes with mandates that the increased cost of taxation not be passed on to consumers, by law if necessary. But what does that accomplish, if it could be realistically done? It reduces profitability... and therefore reduces share prices... and therefore hammers people in their 401k's and mutual funds. Nice.
Obama is hunting where ever he can to increase tax collections from corporations. But you see where this leads. Higher prices and/or lower stock markets.
They should have elected me king.
Oh, if only.
These days, we have to ask ourselves, what really are we trying to stimulate? "The Economy"? That seems awfully nebulous to those of us out beyond The Beltway. No, what the government should be stimulating in employment. The main reason for the lack of consumer spending over the past several months is job insecurity. Why in the world would anybody spend anything in an environment of contracting incomes, and the very real potential of job loss.
Obama's plan has clearly done very little to stimulate job growth (courtesy Gateway pundit), despite his promises. Now reaching over 9%, it is more than a point higher than the Administration predicted when his stimulus package was signed into law. "Accelerate the stimulus," answers Joe Biden.
My answer: The really simple one. If you want to stimulate jobs, then stimulate actual employers. Companies big and small in America must be incentivized to hire new workers. And how best to do that? Yeah, you know! Cut taxes on employers, cut payroll taxes... if I were king, I would do whatever it takes to drive corporate income taxes to zero. After all, companies don't pay income taxes, their customers do. Taxation is just another cost of doing business, costs which, by necessity, must be passed on to the customer, the consumer... to you and me!
The Left would argue that we can increase taxes with mandates that the increased cost of taxation not be passed on to consumers, by law if necessary. But what does that accomplish, if it could be realistically done? It reduces profitability... and therefore reduces share prices... and therefore hammers people in their 401k's and mutual funds. Nice.
Obama is hunting where ever he can to increase tax collections from corporations. But you see where this leads. Higher prices and/or lower stock markets.
They should have elected me king.
Subscribe to:
Posts (Atom)
