Tax Cut Voodoo
Magical thinking is the belief that facts can be changed by repeating words or phrases that are not based in reality. In this case it’s that cutting taxes will cure our financial problems. Ask any Tea Partier, tax cuts will solve the financial problems of the United States. Big businesses will use that money to expand and hire more American workers, money will be spread around and everyone will share in the wealth. All this if we just cut taxes.
Unfortunately, the reality is that big businesses have had tax cuts and still do have them and none of these outcomes are happening. Unemployment is still high, businesses are still shipping jobs overseas and citizens are losing their homes in record numbers. This is the actual result of tax cuts. Still, there are a lot of folks in Congress are sprinkling dried toad powder into bowls of stumpwater, chanting their magical spell: Tax cuts will save the nation.
In the past I have asked senators and congressmen who’ve contacted me for my support to explain the tax cut magic to me. None of them have answered me. And I’m not surprised because when you really start looking at the system, it makes no sense.
- The biggest employer in the United States IS the United States. If the Federal Government stops spending, jobs are lost.
- When jobs are lost, those who lose them are no receiving incomes.
- People without incomes are not getting tax cuts.
- If folks aren’t getting tax cuts (or incomes, for that matter) how are they going to spend?
Posted on August 14, 2011, in America, banking, corportations, democrats, economics, economy, Election, immigration, magic, magical thinking, magical thinking, mojo, mojo, pagan, Perry, Perry for President, politics, presidential election, republican, spells, tax breaks, taxes, tea party, Texas, United States, voodoo, voting and tagged American, banking, bankruptcy, belief, believe magic economy balance budget Tinkerbell checkbook check book markets dollar investments paper money panic feed criminal conduct bankers Wall Street world bankruptcy God milk feed dairy farmer , big business, business, CCC, China, corporations, debt, delusion, depression, economics, economy, election, elections, employees, employment, failure, first wives, global, government, government jobs, income, India, investment, investors, job, jobs, loss of income, magic, magical thinking, mortgage, mortgages, offshore accounts, Penn Square Bank, Reagan, recession, republicans, Roosevelt, savings, Savings and Loan, speculation, spending, tax, tax breaks, tax cuts, taxes, tea party, Thailand, unemployment, unions, US Dollar, worker, workers, WPA. Bookmark the permalink. Leave a comment.