Your School. Your Paper. Since 1936.

The Suffolk Journal

Your School. Your Paper. Since 1936.

The Suffolk Journal

Your School. Your Paper. Since 1936.

The Suffolk Journal

Republican economics just don’t add up

Republican economics just dont add up

I don’t want to sound too biased (or too much like Bill Maher), but I truly do not understand sometimes how average Americans can vote Republican.
President Obama is still continuing his quest to have Congress increase taxes on millionaires, which has made no progress since the proposal was first made last September. The plan has been dubbed the “Buffett Rule” after Warren Buffett. The well-known billionaire has gone on the record saying that rich people like him pay less income and federal taxes than the middle class, and that something needs to change. The plan would require that people earing at least $1 million annually pay at least 30 percent of their income in taxes instead of the 15 percent currently being paid. Republicans have continually knocked this plan as being a political stunt which will have no real impact on the budget.
Now I certainly do not claim to be an economic genius. As a matter of fact, I’m lucky I can even keep my own bank account straight sometimes, I do not understand how extra taxes being paid by the wealthy will have absolutely no impact whatsoever.  It seems to me that a good chunk of change could be extracted from this process. So is this an admission from Republicans that the federal government as a whole is not using our tax money in a proper manner? I mean if extra tax money being paid from millionaires does not have any sort of impact, then what are my measly contributions doing? Like I said, economics is not my forte. But it seems to me that something does not add up here.
My main issue with this debate is a clear unwillingness from the upper-class to budge even an inch in terms of paying more taxes. In this day and age, it is almost impossible to live in a bubble. Information is constant being thrown in your face in regards to several issues, including this country’s struggling economy. It might just be a hunch, but I have to assume that people with lots of money are familiar with what is occurring right now fiscally. I mean how else can they consistently stay at the same status? So if that is the case, then how do you ignore the fact that people are still struggling out there. I understand we live in a capitalistic society, and every person can make their own destiny. But let’s be real about this. How much of this is proper fiscal planning, and how much of this is based on greed?
We all have our rich man fantasies. I picture myself on my own private island almost every day. At the same time, though, I cannot picture myself quibbling over extra taxes if I was well-off and people were continually struggling to pay their rent. I am not naive enough to believe that my taxes would go directly toward paying people’s rent. I do, however, have enough faith that a solid amount of that money would go towards something worthy of it. Maybe I am naïve to even believe that. Apparently Republicans know something that I don’t. Like I said, I am certainly not an economic guru. It seems to me, though, that Republican economics don’t add up.
So to all the millionaires and politicians out there that are against any sort of tax raises, I have just one thing to say: STOP BEING SUCH BABIES. Not being able to put that extra wing on your house or buying that extra Mercedes won’t be the end of the world. Just think about it. You may be helping someone that desperately needs assistance. And in the process you may be able to save your soul as well. That’s always a plus.

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Republican economics just don’t add up