Posted by Germ on May 04, 2009 at 07:57:25 from (64.12.116.74):
In Reply to: OT UAW posted by Dennis (VA) on May 04, 2009 at 07:27:48:
"Why was FOX hyping Tea Parties, so the dumb little guy making under $250K a year would march around to protect the 1 percent who own most everything from paying their fair share of taxes. They put out the distortion that they are paying to much already 45+ percent of their income. The majority of their income comes not from salaries like us; but, from tax free bonds, dividends on stock/capital gains (15% tax rate). The Fox guys and the Freedom Foundationguys must be laughing the a--s off. You really can fool some of the people all of the time. Get them to concentrate and rave about family values, illegal, et-al while picking their pockets. You really can fool some of the people all of the time."
Dennis, I'm not dumb by any stretch, but I am a little guy that can read, do math, and see the rug being pulled out from under us. There are many more just like me. I think you, like many others really miss the point about the tea parties. Do you really think that with the amount of spending going on that cutting taxes for 95% and raising them on the top 5% will come even close to keeping our country from bankruptcy? Do the math. You may not see your payroll taxes increase, but every other tax under the sun and some they probably haven't even thought of yet, will eat up more and more of your paycheck. Raise tax on business, it gets passed on to the consumer. Raise fees, raise energy cost through cap and trade. These are taxes that aren't called a tax. It's going happen and it's going to be ugly.
Currently, my kids ages 13, 15, and 18 collectively will owe an estimated $367,500(I've seen numbers from $111,000 to $134,000 for each kid so I averaged at $122,500) in just interest on the current borrowing based on the out of control spending. That is with no principal paydown figured in. Our kids and their kids have no future with this mess. The tea parties are a back to the basics, spend responsibly, and return to smaller government.
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