The following seemed like a good idea when I first read it, after it came across in my email, like such a simple solution!
This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on “How Would You Fix the
Economy?” I thought this was the BEST idea. I think this guy nailed it!
Dear Mr. President,
Patriotic retirement:
There are about 40 million people over 50 in the work force; pay them $1 million apiece severance with
three stipulations:
1) They leave their jobs. Forty million job openings – Unemployment fixed.
2) They buy NEW American cars. Forty million cars
ordered – Auto Industry fixed.
3) They either buy a house or pay off their mortgage – Housing Crisis fixed.
All National financial problems fixed.
But then I did the math, and 40 million people times a million dollars comes to 40 trillion dollars! Jeez, wake up people!
I’m far from ‘rich” yet by the time I add up all my state, local and federal taxes paid, I’m OVER 50%! That’s absolutely insane, and it’s no wonder there are so many people trying to defraud the tax system. there’s “fair”, and there’s “unfair” and it’s time to raise the bar on what we consider to be “rich”.
The TOP tax bracket should NOT be such a low amount, (high 300k under bush, lowering again with Obama) but instead should continue to another level at 500k, then 2 million, then 5 million, and maybe even higher.
How can we justify setting it so low? look at the MAXIMUMS for a married couple filing jointly over the past 8 years –
What the HELL is Obama accomplishing by intending to go back to the pre-Bush rates? How can this possibly help (or motivate) anyone to be successful?
