Sunday, September 14, 2008
taxes and jobs
I recently listened to A debate between Obama and Mc kains representatives where the Obama represenatives accused MacKain of wantting to give tax breaks to big copperatives and businesses.Its good busines to give them A break from taxes because they are what create jobs and people that have jobs pay taxes. we should be taxing the managers and directors or anybody else that is taking the big money out of the companys these people are making big bucks at the expense of the general public . We need these people with the ability to manage A company or bussines if they do A good job,But they are not creating the wealth. The people that are creating the wealth are the laborers like the farmers that are producing the food,factory workers that build cars and machinery,Miners that dig the coal out of the ground etc.The company managers are not creating any wealth they are just handeling it and manovering it around and in some cases taking most of the profit.Those are the individuals on whom we should raise the taxes. A recent example is the Fannie Mae and the Fannie Mac debacle that was mismanaged causing A lot of people A lot of hardship and costing the tax payers in excess of one hundred billion dollars and the CEOs are alking away with millions of dollars.I call that legal robbery if they get away with it.At least if we had my recomended tax increase of one percent on individuals for every one hundred thousand after the first 250 thousand we would get some of the money back. Give president Bush credit . He repetatly asked congress to create an overseeing board to check on their activities and lending practices but congress never did anything about it till now that it is to late.The same goes for people in sports and the entertainment industries .They make millions at the expense of the general public.Instead of concentrating all that wealth in A small percent of the population we could level the playing field,and put the country on A paying basis and that would benefit everybody. My opinion by John Zilverberg
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