Wednesday, December 8, 2010

NO More Tax Breaks For The Wealthy!

I keep hearing people say that this deal President Obama has worked out with the Republicans is the best deal anyone can expect. Really? This is it? The rich get richer and the poor get poorer. That's the best deal we can expect? If it is, we're really in trouble. First off, the assertion that if folks earning over $250,000 per year don't get to keep this tax break, they won't create jobs. Well, they've had this tax break for ten years and haven't created any jobs yet. When is this saving grace going to start? This isn't a good deal for anyone except the wealthy. And anyway, it misses the important part completely. Like how come our educational system is doing so poorly compared to the rest of the world? If you didn't know that little tidbit, you haven't been watching the news at all. So the deal is, the wealthy get their tax break, they get another on the inheritance tax and a few more. If they get any more tax breaks, pretty soon we'll be paying them just to be here. Hey, maybe we already do. I fact, I'd be willing to bet we do. So, what's the answer? Well, unpleasant as it will be, we're all going to have to suck it up some, and the wealthy are going to have to suck it up a whole lot. Then we'll have to start paying a whole lot more attention to our kids and their education. My grandchildren come home from school quite often with no homework. NO HOMEWORK!. They get a study hall in school to do it. We pay taxes so the kids can do homework in school instead of at home. I don't think we're going to catch up with the current approach. And a deal with Republicans on tax breaks for the wealthy won't help.

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