Posted on 02/13/2008 2:53:59 PM PST by BradtotheBone
They're still enamored with Keynes's "marginal propensity to consume." According to this theory, the higher your income, the less of any additional income you'll "spend." Instead, you'll save it. As one democrat senator years ago put it with regard to a tax cut, the rich will only squirrel it away in stocks and bonds. Since the intent is to get people to spend, the money goes to those with a high marginal propensity to consume.
Karl Marx would be proud of our Presidente and our Congress Critters.
Well someone has to work to pay for all of this. We can’t all get “free” stuff. It wouldn’t be so bad if people came up and thanked the tax payers but no..they get that 5000 plus unearned income credit every year and think it’s from the “government”. It’s like Santa Claus. We work to give our kids stuff at Christmas and then the credit goes to some fat man in a red suit.
Well then give us Walmart gift cards:’)
I agree. Like Reagan said...Government is not a solution to our problem, government is the problem
Put the money against your credit card debt or mortgage (for a guaranteed rate of return equal to interest rate).
That’s the best investment right now.
I’m still waiting to find out if this is really a REBATE, or if it is a Pre-bate like the last “rebate” which was in fact simply an advance on whatever refund you might be entitled to.
What fun! Giving away taxpayers’ money!
Married and right at $150k. Thank god I half-assed it at work the last 6 months lol. Can I buy you a beer?
If we get a rebate...and I don’t think we will..it’ll be used to pay quaterly estimated taxes.
That's where half of ours is going-the mortgage. One of us gets to spend for fun and one of us doesn't. ;)
I am considering putting it toward a new furnace, though. That would hit on a few things: we'd be spending, but will get a tax deduction on it the next year for energy savings, if the Congresspersons allow that again.
What douche bags!
And what pays for this? Money borrowed from ChiComs?
What douche bags!
Oh, wait! Put only $150 into your right pocket, send the other $50 to the frigging bureaucrats in DC who allow you to do this!
Sure. Let’s put that rebate money to good use! (burp)
Worst legislation Bush has signed...who advised him on this one...rebates are a pseuodo-Keynesian approach in my book....
Worst legislation Bush has signed...who advised him on this one...rebates are a pseuodo-Keynesian approach in my book....
I would much rather just get a break on my income taxes. If I receive the $600 election-year bribe, I figure that it will pay less than 25% of my property taxes for 2008. Take it out of one pocket, put it into the other, then take it out again to pay a different set of bureaucrats. Looks like lose/lose to me. And, has anybody asked if we have to pay taxes on it next year?
That's my plan.
L
I would much rather just get a break on my income taxes. If I receive the $600 election-year bribe, I figure that it will pay less than 25% of my property taxes for 2008. Take it out of one pocket, put it into the other, then take it out again to pay a different set of bureaucrats. Looks like lose/lose to me. And, has anybody asked if we have to pay taxes on it next year?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.