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Tax rebate, it's a socialist plot. Nothing like re-distributing wealth from the higher income to the lower income. Let's look at some facts: 50% of the American tax payers (those families that earn less than 75,000.00 per year) will pay no taxes, yet receive a rebate of 600.00-1,300.00 or more depending on number of kids. Those earning 75-150 K have been told the will receive a graduated rebate (the more you earn, the less you get (I suspect, since no number was mention for this group the rebate will be virtually nothing). Those earning 150K+ will recieve nothing. Knowing that 50% of American wage earners will not pay taxes, were you aware that 95% of all tax revenue is paid by only 10% of the population(the rich). Hardly seem fair. The objectice of the rebate is to stimulate the economy, most folks will blow the rebate on TV's and the like, then it's gone. The 10% of the population that pays 95% of the taxes (rich) are usually business owners. If the tax breaks were given to these folks, it would boost their business, make it affordable to pay higher wages/people and add jobs and MORE TAX dollars into the tax pool. These are the folks we should be giving tax breaks. This rebate in not free, it will be paid for with money raised by selling T-bonds and paying out 5% interest per year. Who's buying up this debt.? Good question. China and Saudia Arabia. We have stepped into the realm of a Socialist Government. America is being sold down the river.

It amazes me that people actually support this.........i cant even rant about this because it is so ridiculous. NO ONE is going to put this money back in the economy. They are going to bank it or spend it in foriegn markets and leave it to the government to repay later-IE WHEN IM OLDER AND PAYING TAXES

Just makes me so angry that people actually believe this will help-ie my english teacher.

And every lable I see now says "made in China" I want American made- Now I feel bad that my car isn't

hmmmm

Move, im pretty sure your fears are only in your head, really. Im very much into politics and the economy, and i understand A LOT, (More than you would care to admit).

The point is, many people did this to themselves-either because they do not understand what a budget is or they failed to intelligently plan out their payments. Its not rocket science to know that a salary of 100K a year will not get you a mansion. People aimed high when the interest rates were lo and now they are paying.

That isnt really my problem.

My problem is my government BORROWING more money to help stimulate an economy failing because of borrowing money. It doesnt take a bloomberg to understand that borrowing more does not solve the problem. Its just going to increase inflation and postpone the economic recession to later times....which, relatively selfishly, i will admit is when i will need a job.

Because frankly, i would rather people get foreclosed now rather than later. Let people learn that they can be foreclosed on. Eventually the government is NOT going to be there to bail us out and people need to understand how to work without free money falling from the sky.

As for your economics refute....... you really need to get in touch. You have NO clue what you are talking about. My honors history class can ace an entire section based on the Articles of Confederation, then im pretty sure learning about money wouldnt be so dry.

In fact, i actually had some fun in my accounting class last year. The teacher was awesome and made the class enjoyable.

If thats your best attempt to ref

Ok Alex, I'm not sure why you have this HUGE chip on you shoulder, but you do and it's very very annoying. I did NOT insult you personally, I said your idea(re: economics) class) although good was not PRACTICAL. When you make comment about "fears are only in my head", you show your youthful ignorance.
There is a GIANT difference between classroom "book-smarts" and real world practical exprience. This is not an insult, again, I'm sure you'll take some insult to the comment. Would I take an financial advisor directly from Yale, or would I pick the person with 20 years under their belt??? It's a no brainer. Let talk surgeon's, again, the new guy just out of Penn or the surgeon with 20 years experience. Youth is not a crime or criticism, it is a state in which one can learn from the experience of those who have been around the block a few times and learned some tricks. Your a smart person, bordering on being a "know-it all" and the two things I know about know it all are as follows: 1) you can't teach them anything, 2) their closed minded.

Alex, I have nothing to say, you've nailed it right on the head, you are an econmic Eienstien, enjoy your fame and forture. Do me a favor, when your actual "real world" experience catches up with your "know it all" book smarts let me know, and I'll show you a person who can't afford a cup of coffee.

Mod error over here lol- have to approve messages now since an old blogger I once knew will not leave me alone