Quote:
Originally Posted by PaulS
I However, you don't not do something b/c it won't get you all the way to where you have to end up.
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it can wind up hurting the economy more.
If I make 300K, pay a mortgage, save for kids college, pay all my bills and my taxes go up 3K per year, will I
1- save less for my kids college
2 - pay less for my mortgage
3 - spend less money on non-essentials?
Obviously its item 3. That hurts the Starbucks on the corner, the car wash place, the corner deli, the dvd rental place and every other non essential place "rich" people spend their cash. Mimimum wage people get laid off, business close, tax revenues go down, government dependance goes up. Our economy is based on consumers, why screw the consumers who spend the most money?
Tell me how this helps our economy?