By Bill Falzett on 1/29/2008 2:09 PM

  For those of you who read my latest rant on progressive vs. regressive taxation, it is the the ground work for a real economic stimulus package. Economists with ethical and moral positions on the economy will tell you that the best ways to stimulate an economy are from the bottom up rather than a trickle down approach.

  One way to get immediate funds into the system is a suggestion by Ravi Batra, an economist at Southern Methodist. He says to exempt workers from the first $10, 000 of social security taxes. I suggest making that $20,000 for workers making less than $150,000. This would be immediate since it's the first of the year. It would also help small business and self-employed.

  As you know, the social security and medicare taxes were raised significantly in the 80s by Greenspan & and Reagan in order to bamboozle us about th ... Read More »

Bill's Views!

By Bill Falzett on 1/25/2008 12:03 PM

  Here we are in the midst of a recession while denying it. Denial is a central feature of the Bush administration’s policies and procedures. I guess that’s better than saying they lie. Taxation is one areas that these folks have dissembled about most. They have some economists who support their point of view. What? You say that Alan Greenspan isn’t really an economist? Ok, you’re right. He is a successful businessman. In fact, I imagine he is more successful in business as a result of his policies at the Fed.

 

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