theweakerbrother
Grandmaster
Letting the wealthy have a tax break is a bad idea. Why??? We have a huge deficit. Either spending has to be cut enormously, or taxes have to be increased. Or both! Giving a tax break to poor people results in more spending - they are living paycheck to paycheck. Give them some money and they will spend it to stimulate the economy. Give a tax break to those making several hundred thousand dollars a year - give them a few more thousand dollars - they won't even notice. They won't spend it, and the economy won't benefit. They'll just stash it in their IRA's, while the economy suffers. This is why it's a good idea to keep the Bush tax cuts for the less fortunate, while making the rich pay more.
I'm tempted to give negative rep.