In our political world, every candidate mentions taxes and the economy. These issues are really important and they demonstrate how well the country is doing financially. Each election presents new "improved" ideas as to how to go about getting enough money to cover the domestic deficit and keep the economy running. In recent weeks the 2008 presidential election has turned to the majority of issues dealing with the economy. These problems are new and the citizens of America today haven't needed to deal with situations like these. This is new territory. Our presidential candidates are prepared to deal with the problem and the deficit sufficiently. Both John McCain and Barack Obama have similar bail-out plans. Then why do they differ so much in taxation?
John McCain plans to cut taxes for the middle class families. He thinks that they should be given a break. Along those same lines he wants to make it more difficult to raise taxes in Congress.
Barack Obama is looking at cutting taxes for 95% of American workers. He also plans to keep taxes the way they are for any person making $250,000 or less each year.
Both of these plans seem good in theory, but teh outcomes of each plan are completely different. Obama wants to spread the wealth around. The GOP actually told him that his plans were very socialist. This is a little disturbing because he wants all of the working class to have teh same opportunity, which runs along the ideas of a different type of government. McCain wants to cut taxes for the more wealthy people, a very republican-like idea. He thinks that in doing so he could help teh economy.
Whic of these is the better idea? Is there a relationship between a socialist tax plan and a socialist government? If we give the wealth back to the more wealthy people will they use it to help the economy?
The ideas of socialism are very unrealistic and they can be unfair to many people, even though they are meant for the people. The tax cuts that favor a more spread out wealth will stimulate people to save their money; that is not what the economy needs right now. Yet on teh other hand, people who already have money, wealthy people, should not be given more. When the economy is in bad shape the only good idea when it comes to dealing with the problem and fixing it is to leave it alone. There should not be any government intervention. People should be allowed to make their own mistakes without the rescue or bail-out that is now the norm.
The Valley of Fear (9780141395562)
4 years ago
