Now Comes the Desperation Strategy II
It looks like the Joe the Plumber strategy is not working because people are not interested in fictional political claims about taxes. Now, it is the time for Desperation Strategy II, Joe the plumber’s economist and foreign policy advisor. It is like Hollywood at its best taking a fictional character and making people believe it is a real story. Hollywood does it for entertaining people and not to win an election. The presidency of the United States is not a fictional position, and we do not need a candidate who believes in fictional issues and strategies. Proposing a tax strategy to manage the economy is not socialism; nationalizing the natural resources such as oil, gas, mineral, and essential services such as the banking, and transportation is socialism. In the capitalist and socialist society taxes are needed to run the government. The government needs taxes like businesses need sales. In 2006, every dollar the government spent came from personal taxes (39%), social security and Medicare taxes (32%), business taxes (13%), borrowing (9%), and other taxes (7%). The government spent our money for social security and Medicare (36%), national defense (23%), social programs (19%), community development (12%), interest on the debt (8%), and law enforcement (2%).
The individual tax payers contribute more in taxes than businesses and that’s why the tax break should be for individual taxpayers. The business that makes more money should pay more in taxes because our tax system is a progressive tax system which means if you make more money you pay more in taxes. The argument that giving a tax break to businesses will generate growth is not a good argument in the current economic conditions. In the current economic conditions, giving a tax break to individuals is a good economic strategy to stimulate growth. Businesses are going to be prosperous only if the customer has money to spend. A tax break for businesses is not going to generate revenues for business if the customer does not have any money to spend.
