« October 12, 2008 - October 18, 2008 | Home | October 26, 2008 - November 1, 2008 »

Week of October 19, 2008 - October 25, 2008

McCAINS NEW WELFARE STIMULUS PACKAGE, GIVE SEVEN THOUSAND-DOLLAR TAX CREDIT, FOR EACH CHILD.


http://online.wsj.com/article/SB122031215585888783.html?mod=googlenews_wsj

 

John McCain Has a Tax Plan To Create Jobs

Mr. McCain's plan will significantly ease the tax burden on American families with children by doubling the personal exemption to $7,000 from $3,500.

 

All you Joes and Janes, imagine you could have 10 kids @ 7000.00 dollars = 70k a year

 

McCain's plan says forget about Socialism; let's encourage Welfare instead.

McCAIN'S TRICKLE DOWN REDISTRIBUTION PLAN, A PROVEN FAILURE


http://en.wikipedia.org/wiki/Trickle-down_economics

"Trickle-down economics" and "trickle-down theory," is the economic-political argument that the increases in the earnings of the rich are good for the poor because some of those additional earnings will benefit the middle class and the poor through increased spending, investment, and job creation."

 

http://en.wikipedia.org/wiki/Trickle_up_effect

"The trickle up effect is an economic theory used to describe the flow of wealth from the poor to the affluent; it is opposite to the trickle down effect.
The trickle up effect states that benefits to the wealthy will be realized due to an increase in sales relative to the amount of benefits that are given to the poor. The trickle up effect argues itself as more effective than the trickle down effect because people who have less tend to buy more. In other words, the poor are more inclined than the wealthy to spend their money. This being so, proponents of the trickle up effect believe that if the lower and lower-middle classes are given benefits, such as tax breaks or subsidies, the increased funds would be spent at a much higher rate than would the upper class, given similar fund increases. Furthermore, the trickle up effect argues, many upper-class individuals do not spend their entire yearly salary to begin with, which is an indication that they will not spend any additional funds. Instead, they will save additional funds, thereby withholding those funds from the economy and increasing the gap between the rich and the poor. The trickle up effect avoids this pitfall by giving more money to those who would be more inclined to spend it."

There is a choice. Do we want to continue Bushes type of wealth creation, hoping it will trickle down?

You now see the results. Hoarding at the top. Do you see much job creation?
« October 12, 2008 - October 18, 2008 | Home | October 26, 2008 - November 1, 2008 »

Resistance

user-pic

Following: 2
Followers: 2

Posts
Comments & Recommends


  • Location SOUTHWEST
  • Politics IS DEVISIVE

Favorites

  • Favorite Blogs TPM
  • Favorite Books Holy Scriptures of the Bible Molly Ivins Michael Moore Editorial pages of The Newspapers Avid listener of Public Radio
  • Favorite Quotes (Matthew 25:40) . . .And in reply the king will say to them, ‘Truly I say to YOU, To the extent that YOU did it to one of the least of these my brothers, YOU did it to me.’

All Reader Posts
How to use myTPM

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address