Wednesday, December 15, 2010
Class Warfare I
More brilliant analysis from the pages of the Free Press...shocking.
Tax-cut deal "should" (quotes mine) help Michigan, Susan Tompor tells us. How does she figure this? Well, we're a state that sells stuff, so people having more money in their pockets is good for Michigan. (Cue incorrect answer buzzer) Wrong! Since the tax rates are already in place, you will be taxed at the same rate as before. You will not be taking home any more money. The payroll tax decrease will probably bring an extra tank of gas a month (half a tank if you drive an SUV)--and this will stimulate what? Will bring in how many jobs? And as for the wealthy, well they just put their money in the bank and history shows tax cuts have never done anything to stimulate the economy. And the kicker? If you make less than $20,000 dollars a year (roughly one in three American workers) you will likely see a tax increase.
But never fear, Tompor cites several financial analysts who are more than happy to continue their roles as toadies for wall street and tell you how good this tax cut will be for stimulating Michigan's economy. And these people are right about as often...as the doofuses who write the paper's daily horoscope column. Good times...if you're wall street, a corporation, or a trust fund baby.
Just more horseshit from our mainstream media.
Peace,
emaycee
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