http://www.olderelderly.com/is-this-tax-plan-consistent-with-the-goals-of-the-obama-tax-plan/ Tue, 28 Jul 2009 02:10:28 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.olderelderly.com/is-this-tax-plan-consistent-with-the-goals-of-the-obama-tax-plan/comment-page-1/#comment-1654 Pfo Tue, 28 Jul 2009 00:06:42 +0000 http://www.olderelderly.com/is-this-tax-plan-consistent-with-the-goals-of-the-obama-tax-plan/#comment-1654 I don't like it, the government shouldn't be in the business of determining what people need and taking away what they don't. Not everyone accumulating wealth is doing so at the expense of the poor and needy. Did Bill Gates do that, or did he come up with a very popular operating system? Did Warren Buffet do that, or was he a really wise investor? Casting such a wide net is not a wise policy. People need to be able to be rewarded or to have more for harder work. Otherwise, people won't work harder, you deter progress when you punish hard work. The main reason why Obama kept his tax plan simple, at least while he was explaining it during the campaign, is because people are generally stupid, what you are talking about is way over most people's heads. If you tried to seriously pitch that to people, you would turn them off because of the complexity. I don’t like it, the government shouldn’t be in the business of determining what people need and taking away what they don’t. Not everyone accumulating wealth is doing so at the expense of the poor and needy. Did Bill Gates do that, or did he come up with a very popular operating system? Did Warren Buffet do that, or was he a really wise investor? Casting such a wide net is not a wise policy. People need to be able to be rewarded or to have more for harder work. Otherwise, people won’t work harder, you deter progress when you punish hard work.
The main reason why Obama kept his tax plan simple, at least while he was explaining it during the campaign, is because people are generally stupid, what you are talking about is way over most people’s heads. If you tried to seriously pitch that to people, you would turn them off because of the complexity.

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