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Cagey18 -> RE: What was the biggest surprise of the election to you? (11/5/2008 7:12:33 PM)
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quote:
ORIGINAL: JillyBean
I cannot believe that we now have a socialist in power. What are we? Canada?
Cheese and rice, drop the "socialist" BS already. Newsflashes for ya JB:
1. We've had "restribution of wealth" in the US since 1920. It's called the US Tax Code. When you have a 35% bracket for the wealthy and a 15% tax bracket for the poor, guess what? That's restribution of wealth. By that goofy standard, Reagan, Bush Sr, etc were all "socialists", since they supported the same kind of tax brackets.
2. Obama isn't changing that, except for allowing the Bush tax cuts to expire, which will mean the 35% for the top tax bracket will revert to 38.9%. If that's "socialism", then hey, I'm all for it. People making that kind of money can afford an extra 3.9% in taxes. Especially since they got it as a gift from Dubya for 8 years that increased our deficit.
3. If you're making less than $200,000, you will see a tax reduction (funded from the expiration of the Bush tax cuts) under Obama's tax plan (and also under McCain's tax plan, although those in the $35K-60K range will get three times the reduction under Obama's plan than under McCain's).
So this whole "hold onto your wallet" BS doesn't hold water (unless you're making over $250,000; see point #2).
Don't you have any better arguments other than repeating the catchphrases you hear on talk radio or FoxNews? Try thinking for yourself for a change, and for FSM's sake do some research before blathering.
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