Wednesday, October 29, 2008
it’s the economy, stupid
It’s almost election day. Most people in this country tend to vote for their wallets. Personally, I think there are more important things to base the decision on, but I’m pretty sure I’m in the minority there. Regardless, a lot of people who are going to vote for McCain are going to do it because “OMG Obama will tax me more!” That’s very likely not true, unless you’re in the top 2% of the country in income, or so. And if you are, shut the fuck up, no one wants to hear you complain. Check out http://www.electiontaxes.com to see an estimate of what your taxes will actually be like under their proposed plans. Note: It’s likely neither candidate will implement these plans exactly as President, but there’s only so much you can do to try to figure it out.
I took one economics class in college, and don’t remember most of it. I’m clearly not qualified to figure out which tax plan, or what method in general, would be appropriate for a strong economy. You know who just might be, though? Economists. From the Wikipedia link:
Now, I know many Republicans want to elect “regular folk” who are “just like they are” (note: John McCain owns 7 or 8 houses, Sarah Palin just spent $150k on clothes and makeup [funded by your campaign donations, and then being given to charity… spread the wealth!]), but I personally prefer to look to people who are smarter and more qualified than I am to make these sorts of decisions. And if 63% of economists support a progressive tax policy, who am I to argue?