ron2
Posted : 10/18/2008 9:36:37 AM
Fair enough, Cita. Let's say that Joe the Plumber is a poor example.
Let's try Ron the Electrician. I do have a master electrician license from the Texas Dept. of Licensing and Regulation and I have a Master/Contractor license from the city of Sherman, Texas. ( A number of us keep at least one city license in case the state license didn't work out.) I work for a private sub-contractor, an electrical construction company and we do contract work for general contractors such as Pogue, Charter, etc. In Texas, we do not have a strong union presence. I am non-union, so my pay is lower than what it could be and what it would be if I lived in New York. OTOH, cost of living is lower here. Gas has dropped to $2.45/gal locally, which is almost affordable. Wth my little car, it is. $13 gets me half a tank and I like that a lot. But most people in regular jobs here make between 6 and 12 and hour. I make considerably more than that but I have decades of experience in electrical work and the biggest license there is. For my position, I making what I can make, which is considered top journeyman pay, even though I am a master electrician. I'm netting less than $35k a year. And I what I do make is spent already. I still owe income tax from last year (messed up by the previous company I was at), still owe property taxes, I am paying a car note. Regular bills, including insurance and utilities. I pay DW for the med and dental insurance they take out of her check plus a little extra to help her pay for her car note. I'm not going hungry but finances are tight, to say the least.
So, I'm nowhere hear being worth $250k, let alone clearing a net profit of $250k (which I do not see as a clarification in Obama's plan) and therefore, according to a politician's promise, I would be safe, at least for now. But what if they lowered that. Which can and will happen if they think they need to raise tax revenue. What if they decided that anyone making over $25k could afford a tax increase?
Granted, I understand the frustration that it seems that wealthy people have more tax shelters at their disposal and even on a flat tax, the millionaire can afford it better than the $1,000 a month person. But you don't have to raise taxes. You need to just collect the taxes owed. And we have so many undocumented workers in this country not paying taxes.
But what can stimulate an economy is lower taxes. If the taxes are lower, people have more discretionary income to spend on goods and services which keep others employed, including licensed tradesmen.
If your tax bill is lowered by a thousand dollars and you need a new AC for the house, you can afford to hire an HVAC tech to install the equip and hire an electrician to provide the wiring and branch to connection hook-up. Now, you've just contributed to your local economy. To different families now have some earned income they can spend at your dentist office, grocery store, or even some money to donate to their local animal shelter. Or the money can go to the govt who will spend it on the war that no one likes.
BTW, thanks for being civil and answering thoughtfully.