Tuesday, November 29, 2011

Steal from the rich, give back to the poor

As of this week, the Senate Democrats are proposing an extended payroll cut that will probably be shot down by the Republicans. This payroll cut would impose a surtax on those who bring in $1 million or more as to reduce the heavy deficit we sit on right now. I'm all for it. While some may try to argue that extending the payroll cut will create a lack of job creation, that unfortunately isn't the main priority for the cut, nor should it appear so. The increase is meant to reduce the deficit.

As for our jobs issue, that's a different story and as a consumer, I feel that the payroll cut will not hinder job creation more than it is hindered within the current state of the economy. Did we see any job creation during the time we have been in a huge economic slump and we didn't impose a tax on the wealthy? I don't see what's going to change besides something for the better with an extended payroll cut. I'm a consumer and like every other consumer, I spend with whatever money I have, feeding the wealthy corporations money for what I demand from them. If this cut does not succeed, then there will be a lack of consumer spending and those wealthy corporations who were too selfish to pay a little out of their pocket will eventually see a decrease of business.

I say, onward with the extended payroll cut, preserve the current earnings of the lower and middle class and impose the tax on the rich. They can either sink with a refusal of the cut or swim with a little less in their pocket.

No comments:

Post a Comment