Saturday, December 29, 2012

Wealthy people don't need to eat?

This was a question tweeted to me after I tweeted about MiddleClass tax cuts. Here was my tweet: Then, then the question was asked of my by one, "Wealthy don't need to help?" I responded, "Hi. Sending 3 blogs. 1st is reply 2ur tweet,I just wrote. Others I wrote previously. Hope u read. I'm w/u about Rich. #BlessSuccess" Below is the first blog. And I will paste the links to the others sent. Peace In, Yulanda K. You have to read my blogs and social media posts. I have one called Liberty & Justice for all, even the Rich. I hate #Robinhood. He's a thief. And good success should not be punished. We must address the tax bracket system. The upper 2% shouldn't be forever punished and a federal flat tax should be considered and developed after we deal with some present circumstances. With that said, in this immediate circumstance we have to deal with as many as possible that we know can continue to stir the economy, and that means the Middle Class. The poor don't have it to spend even with cuts. And as for the rich, they don't HAVE to spend. They can afford to stand pat, save their money and not let it "trickle down". There is the flaw in Trickle Down or Top Down Economics. Though, it works in theory on paper, it never considers the will of men and what they will actually do. The MiddleClass HAVE to spend. They have to use what they have more than save, but with cuts can still save a little too. Therefore, for this season and current condition only, MiddleOut Economics just makes sense.
Now, to your point concerning the rich. We must cut spending, balance the budget, and pay down the debt. Then, as we get to manageable numbers, we need tax reform, even as said above a possible flat tax so that the fare is fair and again we don't punish good success. We can't hold out the American dream and then punish all once they achieve by taxing them more. No Good.
Hope this shows my positions clearly.
See you.
Happy New Year.
Yulanda K.
Will send some other blogs, too.

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