Cartoon of the Day
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Saturday, February 14, 2009
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Another Bike-Sharing Program is Failing: Paris
- Obama's Fearmongering: Bad History, Bad Economics;...
- 60 Minutes: CEO Making $2.77 Million Wants Protect...
- China Looks Set to Be the First Major Economy to R...
- First Time in History: 50% of World is Middle-Class
- The Only Real Stimulus: Real Tax Cuts
- Global Economic Activity On the Rebound?
- Will Stimulus Become a $3 Trillion Nightmare?
- Monopoly Unionism = Economic Anti-Stimulant
- Dismal Job Market for the Dismal Science
6 Comments:
Right. Cause tax cuts don't involve giving money away.
@anon 3:48
How does a tax "give away" money? It lets people keep the money that they earned. There's no transfer going on at all.
Unless you consider all income and wealth belonging to the state by default, and we are allowed to keep whatever part that's leftover of our paychecks as a favor from the government.
Anonymous 4:51: In reference to yoru last paragraph, please dont give him any ideas.
How does a tax "give away" money? It lets people keep the money that they earned. There's no transfer going on at all.
Check the fine print. Obama ran on refundable tax credits for those who currently pay little or no federal taxes.
Wouldn't it be fair to describe this as allowing a citizen to keep their taxpayer dollars plus a few of yours?
Among the items included in Obama's stimulus package include "Big ticket items on the tax side include: $116.2 billion for President Obama’s signature “Make Work Pay” refundable tax credit (up to $400 for individuals and $800 for married couples), $20 billion in tax incentives for clean energy, a $14 billion tax credit for higher education expenses, and $4.7 billion earned income tax credits for families with three or more children."
> How does a tax "give away" money? It lets people keep the money that they earned.
No, no, no, you don't understand it. To libtard idiots like anonymouse, and other dhimmicrats, the money all belongs to the government. They're just decent enough to let you keep some of it, in good times. But when things go belly up, like this, well, such generous largesse just can't be tolerated any more.
The funny thing is, you think I'm joking.
That REALLY IS THE WAY THEY THINK.
QT: That's not a tax cut, no matter what they call it.
It's more properly referred to as a Negative income tax
And yes, it's a variation, probably one of the more benign ones, of socialism. The biggest danger is that it's pretty subtle, just like the income tax itself is.
Post a Comment
<< Home