Tax Cut Woos Greediest Generation (Barf Alert)

Atlanta Journal & Constitution ^ | 05/01/03 | Jay Bookman

[SamAdams76]

Actually the greedy ones are the ones who continue to spend other people's money (taxdollars) and expect these "other people" (taxpayers) to come up with more and more money.

[Drango]

The money that the tax cut would allegedly "return" to the taxpayer never came from the taxpayer in the first place

Huh? Santa Clause then?

[Clink]

The money that the tax cut would allegedly "return" to the taxpayer never came from the taxpayer in the first place Huh? Santa Clause then?

Sorta like my ex-wife's logic. My money was "ours", her money was "hers".

[Hawkeye's Girl]

Putting the federal government deep into hock will eventually force it to abandon the social programs that conservatives abhor, but that most Americans support as legitimate government functions.

Oh no, he's discovered our nefarious scheme! /sarcasm

[taildragger]

Mr. Bloom needs an epistemological enema but he may have to perform a cranal-rectalotomy to do it.

Will someone send him a copy of Hayek's "road to Serfdom"!

He probably also doesn't know that our progressive tax code is based on the "Communist Manifesto" but I'm sure he has a copy of that somewhere.

So what part of making the marriage penalty permanent, and increasing the deductions for children are wrong to him? Not to mention the reduction of rates and making them permanent as well and moving them forward. IF JFK's tax cut, which was 3% of GDP, was good for the county then this one is as well at a paltry 1%.

The Dem's frog is being boiled slowly and I think they know it and they are scared. When GWB wants to make the elimination of the death tax permanent and eliminate the double taxation on dividends because as they have been saying it should only be taxed "Once at the Source" can any of you tell me were they are goin with this?

Except for you people in West Palm Beach and Reolinda that is correct, a flat tax. We would almost be there, except for making all the rates one rate. It is also just a matter of time before all the Gucci wearing K street types form banking and brokerage houses are screaming to eliminate the double taxation on there investment vehicles since the dividend thing is unfair for competion as well. You got to hand it to GWB and company, they have out-foxed the Dem's big time, we are potentially on the road to the elimination of class warfare as one of there arrows in there quiver to sling at us.

[taildragger]

Opps Not Mr. Bloom, Mr. Bookman.

[kcordell]

Santa Clause then?

Can't be Santa. By the time he left I had spent all my cash and added to the credit cards.

Cupid ended up costing me a bundle.

The Easter Bunny didn't even leave me an egg.

That leaves the "Tooth Fairy" 'cause the Thanksgiving Turkey ain't gonna like us too much.

[Kip Lange]

Grrr. As a contract worker bouncing from job to job after the dot-bomb implosion, DESPERATELY wanting the folks richer than me -- who like me very much, since I work hard and actually do what I'm asked to do at work -- to be able to free up some of their cash so they can start up some companies again...I AM SO SICK OF THIS LINE, it's such garbage. Yes, yes, we should *penalize* success and entrepreneurism -- and subsidize poverty, it's a MARVELOUS idea.

We especially need a cap-gains cut. Show me a cap-gains cut, and I'll show you a lit match under the economy's rump...or at very least, a freeze if you're going to re-invest.

[Glenn]

Unfortunately, this guy is right on a lot of points. He just wraps them in gaudy paper.

The government should be focused on cutting costs to pay for tax cuts. The Bush administration is having it both ways and it just will not work.

The Democrats are going to be all over this thing between now and November 2004.

Repeat after me: When Clinton left office we had trillions in projected revenue to pay down the national debt. The Bush administration squandered that within 2 years and is now borrowing from Peter's son to pay Peter.

Nuts.

[CROSSHIGHWAYMAN]

The greediest generation has always been those elite liberal bureaucrats who make law and spend our money recklessly.

[Cincinatus]

Greed.

Versus extortion. Put me down for category "A"

[an amused spectator]

And America's Founding Fathers were the greediest of all, Mr. Bookman. ;-)

[chance33_98]

It is a crass appeal to greed, pitched to a nation conditioned to believe that greed is not a vice but a downright virtue.

Wonder if the author has ever written anything about the greedy folks who abort their babies? And how can they see greed in a negative light - what moral authority are they basing that judgement on?

[mewzilla]

Will someone send him a copy of Hayek's "Road to Serfdom"!

If his writing is anything to go by, better send Bookman the Cliff Notes version...

[ReleaseTheHounds]

It will be an involuntary, intergenerational transfer of wealth, taken from our kids and grandkids without their knowledge or permission. And all so we can buy nice things for ourselves.

So, Mr. Bookman, where do you stand on the partial privatization of Social Security? Were you impressed with Al Gore's "lock box"? Where do you stand on deficit spending and federal budgets that grow much faster than the inflation rate (and population rate)?

Do you realize, Mr. Bookman, that $350 billion in lower tax revenue represents approximately .3% of the projected GDP for the next ten years. If the growth rate of the economy benefits by, on average, a tiny fraction, this "tax cut" will pay for itself within this same 10 year time frame. Oh, and Mr. Bookman: the result of this tax package will mean a shift of the tax burden EVEN MORE onto the backs of the top tax payers (the top 1%, the top 5%, the top 10%). Unless you are a highly partisan Democrat, you should be thrilled by the prospect of all of these things.

[Straight Vermonter]

Yeah we are so greedy. Compare the tax rate during the 2 WORLD WARS to the tax rate now.

[Just mythoughts]

"When Clinton left office we had trillions in projected revenue"

"PROJECTED" Clinton cooked the government books that is why it was called "PROJECTED".

Guess you forgot about Clinton's RETROACTIVE largest TAX INCREASE in the HISTORY of our nation.

"The Bush administration squandered" on what and whom?

"borrowing from Peter's son to pay Peter" under Clinton they took everything they could from Peter, reason for a TAX-CUT for PETER, all spending, borrowing, taxing, etc., starts in Congress.

You must not pay taxes.

[chance33_98]

Greedy Generation? How about WEIRD generation - to wit:

'Nuff Said

scroll down to experts' answers

[J. L. Chamberlain]

The only thing to "barf" about is the massive federal dept, both in the general sense and the upcoming unfunded obligations from Socialist Security.

J