This guy is too much! His latest idea--to relieve seniors with less than $50,000 of income annually of ANY income tax burden--is pure political genius. Bad policy, good politics.
Our Seniors are already a very well looked after group in the tax code. Lobbing another entitlement at the AARP crowd (an unbelievably entitled group) just doesn't make sense, especially when we figure out who will pay for it. That's right, young people.
If you're a senior making less than $50 grand in EARNED income, you're probably not paying much income tax as it is. If your $50 G's is the income of your investments, you've got a pretty fine nest egg there spinning off income, so I have no problem with your being taxed.
But it SOUNDS good...the key to Obama's success thus far.
Monday, August 11, 2008
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3 comments:
This is right up there with the $1000 rebate paid for by the evil oil companies...perhaps the dumbest political pander in the history of political panders. The only question is will the electorate be dumb enough to buy into it? My fear is yes. What does anyone else think?
Sally...right you are, though Senator McCain's "tax holiday" on gas wasn't exactly enlightened policy either....
Only a dumb, selfish right winger such as yourself would make such an idiotic observation! Seniors, especially middle-class ones, are really now suffering now that their 401k & IRA's are almost worthless! There are no pensions anymore duffass, and social security is about all seniors have left! Sure they have paid off their homes, which I'll bet the majority of you younger ones will NEVER do; as a matter of fact, most of you are walking away from your mortgages and obligations which helped to create this mess! Someday, you'll walk in our shoes moron, and I can only hope that your children will kick you and other seniors to the curb with such disdain as you have!
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