Personal Commentary - Taxes & Politics

angusofbarra…

Comparing base tax rates between administrations without comparing the effect and the relative economic environment that existed (exists) at that time is akin to comparing apples to sand (took some poetic license there).  One is easily held in your hand while the other slowly finds it way out of every tiny crack.

 

Sure, perhaps the base tax rates were higher during the Clinton years, but the economy was healthy and our government was operating at a surplus, thereby allowing our tax dollars to be spent where most of us would like it to be spent…here…!!!  New schools, improving infrastructure, global investment and aid, etc…

 

So now we have lower base tax rates…  while that is true, our entire financial economy is in grave peril, we have the largest deficit in history, due largely to a war that, as it turns out, wasn’t probably one of the great ideas in our country’s grand history, and in all likelihood may turn out to be one of the most spectacular debacles in recorded history.

 

Our banking system may be collapsing under our feet and Oil prices are financing one of the largest economic expansions the world has ever seen in many Middle Eastern countries.  All this while Americans go further and further into debt, along with our government.

 

Even some of those who have been Oil’s greatest promoters (i.e. T. Boone Pickens) suggests that we are in very serious trouble if we don’t get off the oil bus…  and fast.  Doesn’t that suggest something to you…?  It sure does to me…  We are in deep shit, with no easy way out.

 

If you believe that tax rates are the major issue that will determine our future prosperity, you are clearly not reading the signs that are right in front of you.  Think about this, by the time the election comes, your bank may be out of business and you may be in a line that already has a million people in it.  Future tax rates are not our biggest problem over the next few years.  In fact, they are probably inconsequential.

 

FYI, I am not a liberal, or a democrat…  or for that matter, a communist, socialist or libertarian (tongue firmly in cheek)  ;-)  I am simply an American who bases my decisions on the evidence I see before me, just like investing in the stock market.  Basing any decisions, financial or political, on simplistic comparisons like those in your post are like investing in a company on a tip you got from a friend. 

 

Neither are likely to produce positive results.

 

FWIW…  my 2 cents

 

bulltv