Lot of debate on this subject and I don't discount either viewpoint. But...trickle down seems to have failed. Yes it can create jobs, but it seems to me it has created much more CEO wealth and stockholder wealth than it has created new or better paying jobs.
Look in our industry. UAL employees have gotten totally hosed. But management has taken millions in bonus's and what was that 400 mil paid out to stockholders? All across corporate America CEO pay has sky rocketed and the middle class has fallen further and further behind. And of course our economy is in shambles now under the trickle down era.
Seems to me that trying to help the people under $250.000 a year is a pretty good idea.
I'm not rich enough to retire, but I'm doing fine. I don't need a tax break. If anything, the more people in the lower income brackets than I am (no I don't make more than 250) SHOULD be getting the help. The better they do, the more money people will have to spend on airline tickets. Everyone benefits and it's pretty sad that some people are trying to call that socialism. Tweaking the tax structure to benefit a much greater percentage of our population is so far from socialism it's absurd. It's the right thing to do or all of us.
Look in our industry. UAL employees have gotten totally hosed. But management has taken millions in bonus's and what was that 400 mil paid out to stockholders? All across corporate America CEO pay has sky rocketed and the middle class has fallen further and further behind. And of course our economy is in shambles now under the trickle down era.
Seems to me that trying to help the people under $250.000 a year is a pretty good idea.
I'm not rich enough to retire, but I'm doing fine. I don't need a tax break. If anything, the more people in the lower income brackets than I am (no I don't make more than 250) SHOULD be getting the help. The better they do, the more money people will have to spend on airline tickets. Everyone benefits and it's pretty sad that some people are trying to call that socialism. Tweaking the tax structure to benefit a much greater percentage of our population is so far from socialism it's absurd. It's the right thing to do or all of us.