I have no issue paying more taxes IF the money was spent to reduce debt, increase business rather than just given to someone who never earned it.

If I earned what I earned during the tax break years I would be affected. But I don't earn enough to worry about any tax increase and our home and everything we have is paid for. We moved all our investments out of the market when Obama was nominated and put it into Tax Free Munis, Bonds and our favorite Savings Bank ING..LOL. Obama cannot hurt us. But he will hurt those who are much younger nieve and still in the work force and/or God Forbid starting a business. We prepared ourselves for a Democratic President,Congress and Senate and looking at what has happened in the market, we are not alone. We just saw the bus coming a little earlier than most. We lived through the Carter years. This time we are ready.

Somehow I don't think Obama's welfare plan is going to help anyone. I certainly don't need a $1000 check and I don't think those who could use his "welfare handout" will have their lives changed by that check. But hey it's buying votes from those who's hands are stretched out the farthest.

Show me one time in history where raising taxes ultimately increased income to the Government? What it does is keep money OUT of play. Business has no incentive to expand. Investors have no incentive to invest in those business. They would rather collect 4% tax free than pay 25% of cap gains that are rare during high tax and spend leadership.

Bush cut taxes but he increased spending. That's why we are where we are today. Not to mention the "give a home to everyone" mentality in lending. Another Democratic idea gone bad. Thank you Barney Frank, Christopher Dodd, Bill Clinton!!

There are many examples of raising taxes causing less revenue stream to the Government. I will bet no one has ever received a steady income from a poor man.




[This message has been edited by Kingfrog (edited 10-30-2008).]