Democrats promise to kick tax payers to the curb
Democrats, if put in charge, will raise taxes. Lowering taxes has been a strength of the Republican party. And the Dow has topped 12,000. More Americans are invested in the stock market through IRAs and their 401K plans for retirement. But raising taxes is a Democrat strength. Why? Democrats raise taxes because they know that by and large their constituents are not tax payers but are tax-dollar consumers. Of course, there are Democrats who pay taxes. The wealthiest person in the Congress is Nancy Pelosi - Democrat. John Kerry is also, through marriage, very wealthy. Do you think these folks pay much in taxes relative to their "income"? Don't bet money on it. They pay tax attorneys to keep them from paying taxes and deduct the cost of the tax attorney from their income as an expense. About 10 to 15 years ago, Thomas Sowell wrote an editorial espousing a position that I have held for some time. To paraphrase from memory here - he suggested that folks who do not contribute and who "live" on the welfare dole for a generation should not be allowed to vote. When a massive voting bloc votes to take money out of your pocket that you have earned and those same voters do not contribute to the tax base, then they have a vested interest in voting for the folks who will give them your hard-earned money. Americans are generous, sometimes to a fault and this is the fault. If they had the money, do you think the folks who reap the rewards of your hard-earned money from hard work today would give up their money for you? Well, no! Soon the balance will tip and there will be more tax-dollar consumers than tax-dollar producers, and the hope of the end to the death tax will be gone forever.