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BO, Tax Cuts And Greed

I am selfish.  You are selfish.   All human beings are selfish.   Show mw a person who claims not to be selfish, and all you either a fool or a liar.

BO is campaigning on a promise to give some ninety-five percnet of tax payers a tax cut.  Yet BO calls those who oppose his pie in the sky scheme selfish. Jake Tapper [1].   If opposition to paying yet higher taxes is selfish, BO is pandering to selfish voters by promising them a tax cut.    If BO were conststent, he would promise everybody a tax increase.   Then we could all be unselfish.

Then BO simply is not very smart.

[i]t’s that when we actually make sure that everybody’s got a shot – when young people can all go to college 

Aside from a windfall profit to colleges (BO supporters?) to what end do we send everybody to college.  If something like twenty-two  percent of all positions require a college education, if you send a hundred percent to college, there will still be only two-percent of positions needing a college education.   For example, the number of chemical engineers Kodak hires is based on the companies need for chemical engineers and not the number of chemical engineering graduates.  

BO’s proposal would simply saddle seventy-eight percent with college debt with little hope of getting a college level position.   The job market has no need for every  applicant to have a college degree, and even the One can not change that.   Rather the One is just too stupid to realize it.

BO seems to realize the spending money fuels the economy:

Everybody starts spending that money, they decide maybe I can afford a new car, maybe I can afford a computer for my child. They can buy the products and services that businesses are selling and everybody is better off. All boats rise

What BO does not grasp is that money that is not taxed aaway by the state can also be spent.  BO seems to think that for in order for a dollar to be spent, it first must be taxed away from the person who earned it.    The more money is spent, the more the economy grows, and lower marginal tax rates encourage people to earn more money.

The problem for BO is he has only studied under Marxists and the Marxists have never understood economics.  Witness the number of success socialist economies, to wit zero.