Monday, August 09, 2004

Tax the poor -- they can't afford to hire clever accountants

Another gem from our moron-in-chief:
Bush criticized Kerry's plan to eliminate the tax cuts for those making more than $200,000 a year, saying that the "the rich in America happen to be the small business owners" who put people to work.

Bush also said high taxes on the rich are a failed strategy because "the really rich people figure out how to dodge taxes anyway."
Oh, brother. This statement really speaks for itself, but I'll offer three points:

1. By Bush's logic, the "war on terror" is a failed strategy because we haven't caught the terrorists. Criminal laws are a failed strategy because people still commit crimes. It's nonsensical.

2. If rich people can dodge taxes, doesn't that mean we should CLOSE TAX LOOPHOLES instead of just throwing up our hands and saying, "Oh, well, what's the use in trying?"

3. Bush's assertion that the rich in America are small business owners is a complete laugh. Ask any small business owner if he/she feels rich -- the answer will almost certainly be no. Most small business owners are barely getting by; it's the LARGE business owners who can afford the private lear jets, fourth houses in Vail, etc.


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