USA tax rebate

[Michaelangelica]

I haven't listened to it yet but it might thow some light on the issue
Commentary

Tax 'Rebate' Is Borrowed Money in Disguise

Listen Now [3 min 22 sec] add to playlist

All Things Considered, January 25, 2008 · Commentator Marc Acito says the proper response when receiving a gift is to simply say "thank you," whether or not you wanted it. But, he says, it's hard to be grateful for this latest gift from our government. Acito says this "rebate" isn't a gift at all. It's borrowed money, and it's time we started paying it back.

NPR: Tax 'Rebate' Is Borrowed Money in Disguise

[Racoon]

Originally Posted by Michaelangelica

I haven't listened to it yet but it might thow some light on the issue
Commentary

NPR: Tax 'Rebate' Is Borrowed Money in Disguise

No offense micheal, but you seem to relish in the problems America is facing.

Perhaps I can't blame you. But maybe you ought to consider those in Australia as linked to the United States in one fashion or another.. Whether they be a common English language or familiar political ties...
We beat the Germans in WWII. We forged a great world now ripe with scientific understanding.

If we could sandbag many of the politicians who support all this non-sense going on, then we can agree everyone would be better off....

What would you suggest be the best for all parties concerned?

[DFINITLYDISTRUBD]

Originally Posted by Racoon

No offense micheal, but you seem to relish in the problems America is facing.

Perhaps I can't blame you. But maybe you ought to consider those in Australia as linked to the United States in one fashion or another.. Whether they be a common English language or familiar political ties...
We beat the Germans in WWII. We forged a great world now ripe with scientific understanding.

If we could sandbag many of the politicians who support all this non-sense going on, then we can agree everyone would be better off....

What would you suggest be the best for all parties concerned?

He has the right he didn't make this mess nor is he really involved in any way other than as a spectator and concerned global neighbor.

We put these idiots into office....We fail to assemble in protest against their actions...We fail to put in the effort to petition against their actions...In short we made this mess...And We've done nothing to rectify it other than sit on our collective @sses and birch about it! <Why is America a mess refer to the list you've just read.-----------

We have the power to fix and prevent messes like the one we're in.
but we seem to lack the initiative.

[freeztar]

Originally Posted by DFINITLYDISTRUBD

We have the power to fix and prevent messes like the one we're in.
but we seem to lack the initiative.

Well, the mess we're in (as relevant to this thread topic) is not a direct result of the government. Hence it's not a matter of "our" initiative to change gov't.

The economy here, and abroad, is feeling the crunch from the sub-prime mortgage disaster. Something has to be done to avert total disaster. Have we made the right choices?

The fiscal plan is supported by both Congress and the President. They have been simply debating details of the plan. I find it strange that no other alternatives were presented, to my knowledge. It's very possible that I missed any news related to alternatives, so if anyone knows of any news related to the economic talks that led up to the initiative, that might shed some light on the subject.

Otherwise, without delving into economic modeling (which is not something I'm particularly inclined to do), I must rely on analysis provided by respectable Economists. Unfortunately, I've seen a variety of professional opines on the internets.

[Turtle]

Originally Posted by freeztar

Well, the mess we're in (as relevant to this thread topic) is not a direct result of the government. Hence it's not a matter of "our" initiative to change gov't. ...

Unless we consider the trillions spent in Iraq rooting out those weapons of mass destruction. I agree with Mr. Disturbd:

Originally Posted by DFINITLYDISTRUBD

We have the power to fix and prevent messes like the one we're in, but we seem to lack the initiative.

This little rebate scam is just what the Doctor ordered to mollify the masses. Can't be no problem, I bought a new I-pod with my rebate on the way to McDonalds to buy a Happy Meal®!

The price of Freedom is constant vigilance. T.J.

[Racoon]

Originally Posted by DFINITLYDISTRUBD

We put these idiots into office....We fail to assemble in protest against their actions...We fail to put in the effort to petition against their actions....

When you say We, do you mean the Majority of Vote who elected Al Gore?
Or by 'We' as in 'We' accepted the lawyers desicions?.. the same lawyers who accepted Enron and Worldcom decisions..

By 'WE', do you mean those who believe Ohio in 2004 was fixed and voted for Kerry?

Maybe all the politicians are crooked.

We should accept some of the blame. But we should also be pissed off that we let all our forefathers sacrifice themselves so a few corrupt a*holes could manipulate the system!.

[DFINITLYDISTRUBD]

Originally Posted by Racoon

When you say We, do you mean the Majority of Vote who elected Al Gore?
Or by 'We' as in 'We' accepted the lawyers desicions?.. the same lawyers who accepted Enron and Worldcom decisions..

By 'WE', do you mean those who believe Ohio in 2004 was fixed and voted for Kerry?

Maybe all the politicians are crooked.

We should accept some of the blame. But we should also be pissed off that we let all our forefathers sacrifice themselves so a few corrupt a*holes could manipulate the system!.

"WE" as in all of the above what have WE done to rectify any of it? And yes we should be pissed off that this type of $#!+ goes on in the first place! Not only pissed off but motivated and determined not to let them get away with it!


Wow!!!!!! Turtle lost the turtle!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! wusupwitdat?!?!?!?!?!??!?!?!?!?

[DFINITLYDISTRUBD]

The price of Freedom is constant vigilance. T.J.

So true....I like it!....who the heck is T.J.?

[Turtle]

Originally Posted by DFINITLYDISTRUBD

So true....I like it!....who the heck is T.J.?

Thomas Jefferson ...............

[C1ay]

Originally Posted by freeztar

His argument was that gov't should not be giving money to people who do not pay income tax. If we do that, the economy will not grow as much.

Consider the fact that the government makes no profits to disseminate. The only money it can give away to anyone is money it took from the people in the first place. If it is giving money to people that don't pay income tax to begin with then it is taking money away from people that do in order to afford this. In the middle you have people that will get back $600 of the money they paid in. At the low end people will get back $600 dollars of someone else's money. In actuality, since there are far more low income people than high income you will effectively be paying multiple low income people for each higher income person. Paying people back money they never paid in the first place is nothing less than a redistribution of the money earned by the very people that employ these lower income people in the first place. I don't personally consider that an economic stimulus.

Imagine that you just simply raised everyone's wages. This would cost those that provide jobs more money for the products they produce. To maintain profit margins these job providers will have to raise the prices of their products defeating the increasing buying power people would get from higher wages. This is why minimum wage laws don't do anything for the economy. Double the wages at McDonalds and you double the price of a Big Mac at the same time. In the end the McDonalds worker can't afford any more Big Macs than they could before their raise.