Wednesday - December 08, 2010

tax cuts USA/UK .. term limits … morons in DC and a flat tax ….

I saw an article in our morning paper with regard to Obama’s U-turn on tax cuts, and the result that apparently the very wealthy will retain their tax cuts.
Hey, I’m ok with tax cuts and I am certainly entirely pro the wealthy class as it’s something we mostly all aspire to. Isn’t it? But I confess again as I’ve done in the past, I am not at all sophisticated where serious economics are concerned.

Heaven knows I am not a Socialist. Good grief I can’t imagine that. Drew wouldn’t speak to me or help with tech things, Wardmom might shoot me. Or would that be Vilmar?  I would at the least be Persona non Grata in my very own house, and that’s a certainty.  But ....

I am confused by the idea of cutting taxes for the the very wealthy, instead of the middle class who I think need the leg up more. Isn’t the middle class and small/med business the engine that runs things?  And don’t think for a minute I want to suggest squeezing the rich. Not at all.  I’m just not very knowledgeable about economics and taxes beyond the superficial.  And isn’t Wardmom correct about a flat tax?

Some of you in the states won’t know, but Kraft bought an English icon when they bought Cadburys. Cadbury makes chocolates.  Cadbury also bought out the very best (imho)when they bought Black and Green Chocolate.  Well ... many here are very upset at the news that Kraft is shutting down the Cadbury UK plant and moving operations away from England.

Cadbury goes Swiss to avoid British tax: Move by U.S. bosses will cost Treasury £60 million a year

The plan has been hatched by food giant Kraft, which took over the iconic British chocolate manufacturer earlier this year after a bitter £11 billion bid battle.

It will see ownership of much-loved Cadbury brands including Dairy Milk, Crunchie and Twirl handed to a holding company in Zürich, where Kraft already has a major base.

CADBURY MOVE

So my question is, why can’t a tax deal be made where the UK can still hold on to some of that tax dollar and save Brit jobs and tax income?

Then I looked at Drew’s post this early morning and found Wardmom’s comment on things in the USA which I thought belonged here.

What happened with this current ‘deal’ IS the problem with DC - Every issue must be stand alone. And no more ‘deals’ to get the work done. What is best is what makes America safer, smarter, and more prosperous - anything else is just a waste of money.

Pick a percent and everything - spending is cut by that - and pick a percent under 20% and every single person who works in America pays that percent in tax (i.e. morons in DC - a FLAT TAX that is the most fair, most just and most equal for all.

And then TERM LIMITS and 2 TWO WEEK SESSIONS A YEAR - Make these jobs PUBLIC SERVANTS again rather than a boondoggling , money grabbing, benefits creating, stealing, cheating, lying extravaganza funded by the only working people in the country.

CUT AND BALANCE and then get the he!! out of our business, private life, kitchen, playroom and garden.
Posted by wardmama4

Posted by peiper     on 12/08/2010 at 09:23 AM   
Filed Under: • Economics • Taxes • UK • USA •  
• Comments (5) • Trackbacks(0)  Permalink •  

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