The Social Security tax rate goes up from 4.2% to 6.2% (Should say will go back to 6.2% as it has always been the whole time - we got a break for about 2 years I think - this is not earth shattering)..
Basically taxes are the lowest they've been ever and so are interest rates - this did not cause the trickle down boom economics we were expecting. Lets go over why taxes are a good thing on "investments" for the middle class..
If it's cheaper to hire people to my company then to gamble it on stocks and bonds - that might actually create jobs..
People making money spend money - and the economy could recover.. This theory is about as sound as trickledown economics was -(not sound at all because not everyone participates.).
The bottom line is even at the above mentioned tax rates it will be less then it has been in years prior.
There are only two ways to get rid of debt (or grow wealth)
1) More revenue (make more money)
2) Spend less
We are going to spend 700 billion less on medicare now that there is a requirement for everyone to be insured. That's a good start - What else can we do?

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