Class Warfare!!!

So, this is what compromise looks like. Republicans are now holding unemployment benefits hostage for tax cuts for millionaires. Well, I am sick of it. I am not willing to negotiate with terrorist. Sorry.

This is what it has come to. The Democrats are willing to keep the Bush tax cuts in place for 98% of all Americans. Actually, that's not true. Every American who pays income tax would keep the same rate on their first $250,000. That's right!! Even billionaires get those rates. You see, that is how the income tax works. Everyone pays the same rate on their income in those brackets. It's just the folks that make over $250,000 get more in tax breaks.

I know Republicans will tell you that this is because they care about the economy growing and doing something about the unemployment situation in this country. Well, that's bullshit. Sorry, American corporations are making more money than ever. Seriously, more money than ever. Why aren't they hiring? Because the individual tax rates are too high? No. Because demand isn't there. Well, what is a really terrible thing to do if demand is low? Cut off unemployment benefits!!! Why? Because when poor people get money, they actually spend it. Why? Because they have to!!! What do millionaires do when they get a tax cut? Well, I don't know, but I know they haven't been hiring people.

To see this argument play out watch this...



Well, jerkass, I will explain it. It's called demand. If no one is able to buy products there is no demand. This job creators create jobs line is priceless. Well, what makes someone a job creator? And where are the job creators? Why do millionaires need tax cuts if they aren't creating jobs? Is Mike Conley a job creator just because he makes a lot of money? Of course not. Having a lot of money doesn't make you a job creator. Actually hiring people does! There are many ideas out there in how to give employers incentives to hire people. (A payroll tax holiday for example.) None of them have to do with the top marginal tax rates.

Also, Congressman, explain how the hell we added so many jobs in the 90's? Did people stop hiring when the top rate went up to.... exactly what it would go up to if Dems got their way? Of course not. Why? Because people don't hire based on what their taxes are. They hire people because they need to. If a business is making tons of money but doesn't need any help they won't hire anyone, no matter what their individual tax rate is. If they are making money and can't handle all the work they have, they will hire someone to handle the extra work. No matter what the top rate is. It's called demand. By cutting off unemployment benefits you hurt demand. By cutting top rates you just give millionaires more money and do nothing to actually encourage them to hire anyone.

Put simply, I doubt Mike Conley will hire anyone based on what you guys decide to do with the tax rates. Why? Because he doesn't need anyone. I bet a company that is turning down work because they don't have enough employees to handle the demand for their product will hire someone no matter what you do. Why? Because whether you tax it at 39.5% or 35%, people like to make more money. I promise you that. People like money and will not stop wanting more. Trust me.