The Barbershop has re-located

The proprietor has moved the shop to ChicagoNow, a Chicago Tribune site that showcases some of the best bloggers in the Chicago area. You can logo on to the Barbershop home page here. The ChicagoNow home page is here.

You'll still be able to post comments with the same ease as in this location. The proprietor also will keep this web site alive if you wish to review old posts.

Friday, August 15, 2008

Obama Details Raising Taxes

We keep hearing that we're supposedly in a recession. If so, why would anyone want to take more money out of the pockets of Americans?

Obama Details Raising Taxes on Gains, Dividends -


lake county democrat said...

You can't mean to be that simplistic, can you? Under this "logic" if wealth was concentrated so much that 12 people controlled 99% of the nation's wealth and we went into recession, you'd argue against raising taxes on those 12 and cutting them for the other 150 million taxpayers.

If these tax *rebates* showed anything, it's that if you cut taxes disproportionately in favor of poor and middle class taxpayers, they stimulate the economy. They're going to spend that $600, like, now. Somebody with plenty of disposable income might not and while one could argue that we need more people to save as well, I'd rather pay down the deficit.

Something else: we're at war. This is the first time we've cut taxes during wartime. Look at that deficit. Look at your grandkids. Note that the people who want us to stop spending $10 billion per month are the ones with this allegedly "recession-empowering" tax plan.

Anonymous said...

It's all about the ideology, not fairness..