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Let’s Pay Others w/ Our Hard Earned Money.
Posted by Raven on January 22nd, 2009
Cutting taxes for those, who, just don’t pay taxes. How is this Ok with people? Can someone on the Left please justify this for me?
Is this what Obama means when he says, “We’re going to have to work harder?”
Who is going to work harder??
January 23rd, 2009 at 8:18 pm
Forgetting the moral and political objections to raising the EIC, the argument in the video is poorly done. A full-time minimum wage worker will pull in what, $13 or 14K a year? Add the proposed $12K on top of that and you still don’t approach the wages of the jobs that are mentioned. I’m sure someone can pull a job ad and say ’see, paramedics only make $25K’, but let’s get real. Even if that’s the starting wage they’ll soar past that soon enough.
January 23rd, 2009 at 10:32 pm
Yep, and the liberals know this…and plan to increase the EIC to reflect on these numbers. Remember they want to allow higher-earning middle class families to receive government paid health insurance for the kids…SCHIP. It’s come back and was passed- Obama will sign it. Families earning upwards of 200,000 a yr will qualify for this “free” insurance- and who is paying for it? Me. You. Everyone who works AND PAYS TAXES. Ofcourse, the low wage earners will reap benefit from this program, as perhaps they might deserve (that’s debatable). But a family with two houses, a boat, three cars and a vacation time share?? NO.
January 27th, 2009 at 6:26 pm
The sensible alternative to expanding the EIC, one that doesn’t get into transfer payments and the associated moral hazard, is to exempt, say, the first $7,000 of earnings from payment of social security tax. That would benefit employers too if they didn’t have to pay their half either.
But then this would blow away pretense that social security/Medicare are actually retirement programs, when they in fact are simply a money pot for government to spend more today in exchange for unfunded liabilities. And magnitude of those liabilities blows even the worse-case deficit scenarios for the stimulus bill out of the water.
The real problem behind the SCHIP expansion is that it’s a Trojan Horse for nationalized medicine and the creation of a permanent majority dependent on government funds paid by “someone else” – and that’s an age-old recipe for tyranny.
And it’s that expansion of a “dependent class” that we need to especially be vigilant about in the upcoming stimulus bill. EIC is just one arm of the octopus.