Can we all get along?
Without sticking to our views because of politics, what I can say as an independent and practical thinker is this:
Supply-side economics has worked for some people, but not most... The reality is that only 2% makes over $250,000 a year in this country; so over 294 million people(from over 300 millions) are making under 250000 a year, after that many years of Supply-side economics.
Economic viability is about growing the pie not to shrink it and government has a duty to make sure more and more people are getting richer... because in this case the wealth pie size is not changing anymore or the wealth per person is growing but the number of persons is shrinking... What do you do as a government? There is in fact economic crisis only for the middle class and the poorer; there is, really, no crisis for rich, usually there are always opportunities to become richer... So you needs to face the crisis of the poors and the middle-class... Cutting the tax for everybody increases for sure the deficit for everybody and that is why S&P downgraded US credit rating.
One of the conservative idea, that I believe in, is that family is the center of everything; in fact we should use our family structure to guide us in making political and economical decision. Imagine that you have 3 children, Tod is 13, Haddy is 7 and Coddy is 2... You want to raise them well to be all they can be, and to treat them equally. How do you feed them when they are hungry?Don't you let Tod go to get his own food in the refrigerator or make his own toast, but you may help Haddy to make her Peanut-Butter and Jelly, and definitively won't you have to get Cody, the milk and honey?
This is just to say that our government should not treat us the same, when during the campaign, some were calling Obama, "the redistributor-in-chief", I chuckled ... because that is what he suppose to do: devise a way to bring more poor people to middle class and middle class into riches... Not cutting tax for everybody, but only for people who needs it... And if we need more revenues, why not ask the rich to chip-in? Why not raising the capital gain tax? If you don't do that you are not being fair, not to little "Cody", not to the little girl "Haddy".
Per Catherine Rampell: "In other words, compared to the last generation, wealth has been become more concentrated in the hands (and bank accounts and houses) of the richest Americans. Exactly why is debatable. The global markets for labor and capital have changed, of course. And the lower tax rate on capital gains — which disproportionately helps richer people, who have more capital to invest — has helped the richest amass ever higher net worths."
Source: http://economix.blogs.nytimes.com/2012/07/10/richer-rich-and-poorer-poor/
In conclusion even though going over the cliff is good for supply-side economics, it is bad for Republicans and worse for over 294 millions people in this country earning under $250,000 a year, but while democrats gain on both side of the cliff, President Obama cannot preside over an economical comeback if a deal is not reached... by this week or next.
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