There is actually a thread in Off Topic/Political discussion for all this. Just sayin'...
No, you shouldn't have to be a business or econ major to figure this out - but I find that more and more people who claim that tax increases "won't hurt me, so why should I care" don't even have the rudiments of economic theory or a clue as to how businesses work. That leads me to believe that they aren't even teaching that in high school any more.
The whole "those tax increases won't hurt me, so why should I care" attitude is nothing more than class warfare. Adding the "tax the rich to pay for my benefits" attitude is the same, with an entitlement complex thrown in.
You want to talk about people getting layed off? My dad's company (whom he worked for 10 years) was shut down last year during George Dubya's reign of terror. Now are you telling me that Mccain who voted with Bush 90% of the time will be better for this country than Obama?
How did Bush shut down your dad's company?
Also, Newt Gingrich has a list (somewhere on the web) of the times McCain opposed Bush (who doesn't vote in the senate, by the way). It knocks the "90% of the time" talking point down a few notches. Also, McCain has a record of voting with the taxpayers 100% of the time. How? A group called "Citizens Against Government Waste" have given McCain a 100% rating for the 2007 legislative season, and an 88% lifetime rating. McCain, you see, is opposed to a type of unaccountable government spending we call "pork".
By comparison, Obama got a 10% rating for 2007 and 18% lifetime (but then, he's only been in the senate for about two years). His running mate, Biden, got a 0% rating for 2007, 22% lifetime.
Actually, this is why Zimbabwe's economy is in ruins: (from wikipedia)
"The downward spiral of the economy has been attributed mainly to mismanagement and corruption of the Mugabe regime and the eviction of more than 4,000 white farmers in the controversial land redistribution of 2000. Since this land redistribution began, agricultural exports, especially tobacco, have declined sharply. The Zimbabwe Conservation Task Force released a report in June 2007, estimating 60% of Zimbabwe's wildlife has died since 2000. The report warns that the loss of life combined with widespread deforestation is potentially disastrous for the tourist industry".
Yes, wealth redistribution, whether it's cash, cattle or land, doesn't contribute to economic growth.
Feeding the rich so that the remains trickles down to the poor is not one of the policies I subscribe to I'm afraid.
Worked for Reagan. Want me to put it in an automotive perspective for you?
The Bush tax cuts for the wealthy have only resulted in a recession for the past year. If middle and lower income families (the gap between rich and poor is at it's highest) are given tax breaks, they are more likely to spend it back and boost the economy (remember stimulus packages?)
You're contradicting yourself. The gap between the rich and the poor has grown because 1) more of the middle class moved up than any time in post-WWII history and 2) the poor have more children than the middle class and wealthy.
quick let's tax the poor people and stay in depression.
The bottom 50% of Americans don't even pay federal taxes. The top 1%, however, pay 36% of the tax burden.