I’m obviously not an expert on the economy but seriously this does make a lot more sense than whatever Obama is trying to do. Right now Obama is putting through a few "stimulus" packages and other bills to "stimulate" the economy. Here’s what I don’t understand.
The people with money are the ones that are spending it. We’re taking money away from them.
The people without money are the ones that are either:
- Spending it foolishly. Such as a 1.5 million dollar house on 40K/year job
- Just don’t make enough to buy beyond essentials
- Soaking up welfare because they can.
The easiest way to get our country out of a recession (once again, in my opinion) is to stimulate the economy with everyone making more personal money - and then spending that money for themselves. Not taxing them. Taxing people will do nothing but piss everyone off, while attempting to solve a very longterm problem with a shortterm solution.
"But Rob, where the hell are they going to get the money if they don’t raise the taxes". Here’s what I propose.
Lower everyone’s taxes a third. That means if you’re currently taxed 30%, you get it lowered to 20%ish. This will help give everyone more money back, and will put enough money in people’s pockets to pay for more items. I’ll give you a hint - the reason people can’t pay for a house they qualify for is mostly because of either one of two things.
- First: the broker qualifies them too high. This sucks, but happens.
- Second: The taxes lower them under the required monthly, where it’s either mortgage or food.
What the US Government should do is legalize weed. I forget which site had it - but it was a major news outlet - that stated that Weed has a projected 1.5 BILLION dollars in taxes a year if they legalize and tax it in California alone . Imagine if it was nationwide? That’s at least 50 billion dollars of annual revenue off of weed taxes alone.
So let’s do the math.
- 50 billion dollars of annual revenue from legalizing weed.
- Lower everyone’s taxes a third which still stimulate buying in the economy
- …Profit
This is a very simple way to fix it, and personally - I’d like to stop seeing my taxes go up. Not only that, but paying 30% when I’m under 60K is damn rediculous especially when I know there are people abusing my money with government handouts. ‘Nuff said.
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