MaggieMae
Reality bits
- Apr 3, 2009
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- #61
I think that the Democrat approach was pointless and completely lacking results.
The republican approach given the same circumstance would have been to simply cut taxes. The result of this would have been pointless and completely lacking results.
My idea is one that would act as a multiplier of the government outlay. 787 billion or a Trillion; it doesn't matter. the dems would burn it and the Reps would throw it away.
Under my plan, the effect would be immediate, direct, positive and forceful.
No money would go to a landlord or a corporation. All of it would go to individuals who have a primary residence whether it is owned or rented. The law could be printed on one side of an 8.5 by 11 sheet of paper. Spend money to improve your primary residence. Save the recipts. Add the recipts together. Multiply by .25. Reduce your tax liability by that amount.
If your tax is $10,000, you could potentially do $40,000 worth of improvements and get it written off partially written off. Obviously, it is self regulating because you can only credit as much as you would have paid. Do Allot? You have to hire someone to help. Everyone does allot? Lots of folks get hired. Those folks pay taxes.
The moral of the story is that the Dems did it wrong, cost us plenty and produced no results. The Reps didn't do it, but if they had, they too would have done it wrong, cost us plenty and produced no results.
Aren't we all just a little sick of getting screwed and getting nothing that we've been promised?
In other words a cash stimulus to every American? Do you have any idea how many really really stupid people there are in this country who would NOT use that money for its stated purpose? Also, how would that help the people already unemployed, since they are paying no taxes? And do we just leave out the new homeless middle class families living with friends, shelters, or sometimes in their cars because they no longer own their property and can't afford to rent?