How does the democratic economic plan better help the average citizen?

Question

Is the republican plan better? Are higher taxes the answer? Who should be taxed?

Really tell me why is one better than the other. These short "I've heard them all before answers" don't help me.

Answer 1

We should be taxing the rich more, the workers less


http://groups.yahoo.com/group/americanleftparty/

Answer 2

as an average citizen, I've not seen a lot of help, besides maybe an extra hundred bucks a year from the Republicans... meanwhile... jobs are flying overseas (another large factory just closed in my town, but a new wal-mart is opening that pays half as much and has half as many jobs)

meanwhile, average joe citizen who wants to make his life better and wants to go to college has seen a 40 percent increase in tuition in the past 6 years and higher rates on student loans... which only makes it harder

Republicans have did nothing but give the "normal people" $100 or so bucks while driving up the debt by trillions... hope you like that $100 bucks now, because you're going to have to pay for all those tax cuts 10 times over at some point...

if you run over in your checking account and keep writing checks, you end up in jail... that day I fear is nearing as the Republicans keep writing checks...

now what's scary is... the democrats (even with their social spending) are more fiscally responible than the republicans are now...

Answer 3

Let's preface this by saying that 'trickle-down economics' only works if there truly is enough 'trickling'.

Corporations and the wealthy pay the MOST taxes in terms of dollars, than any other subset of the tax paying population.

Answers like 'tax the rich more and the working man less' don't take into account the wealth-eroding effects of taxation.

If you tax corporations more, and you tax the rich more (particularly the close to 50% of the 'rich' who run private businesses), then the corporations and the rich will either evade taxes or take their business elsewhere.

What happens then? Workers don't have jobs, and complain to the government, 'hey, I don't have a job, my pay is low, my taxes are high, what's wrong with you'.

It's NOT, I repeat NOT the government's job to figure out each person's individual financial life-plan. The government doesn't owe you a job, a better wage, a better health/dental plan or a better house. YOU OWE YOURSELF that.

So creating more equitable tax environments for EMPLOYERS (corporations and the wealthy) means, or should mean, MORE JOBS, which should, SHOULD mean more workers contributing tax dollars, and with a REASONABLE fiscal policy, the average worker should pay LESS.

But with excessive immigration, unionized labor, eroding skill sets in the workforce and poorer education among the workforce, excessive taxation of corporations and the wealthy, population growth unchecked, you are wreaking havoc on a GOOD SYSTEM.

The Democratic plan is to tax corporations and the wealthy MORE. Well, that will drive corporations and the wealthy and their jobs OUT OF THE COUNTRY. The Democratic plan is to use tax revenue increases to provide more programs and benefits for those SEEKING jobs not CREATING jobs. That's just backwards. If you want people to have jobs, wouldn't you want to help those best able to CREATE jobs?

The Republican plan is to tax corporations and the wealthy MORE. At the same time, their plan calls for MORE government spending. Let's see, less tax revenue coming in, more government spending going out, someone's borrowing money! Yes, WE ARE, from the Chinese and any one else stupid enough to loan it to us...why? Because Messrs. Bush and Bernanke are likely going to let inflation (despite what they say) float up higher and higher, so the DEBT we've amassed becomes worth LESS in real dollars.

What happens then? Well, not only is the DEBT worth less, so is your INCOME! More inflation means your paycheck buys less (because we all know the raises aren't coming our way as fast as inflation is, at least since 1975). So the government is off the hook, but the standard of living for average Americans drops and drops and drops (so we turn into Euros who predominantly rent, work less than 40 hours, vacation 10% of the year, and never aspire to being more than a good, low-to-middle income tax payer with no wealth or property whatsoever).

I think THE PLAN should be a more simplified tax code (even if it means somehow making the country's accounting and tax lobbyists just disappear mysteriously...j/k), more consumption based taxing (sorry cigarette smokers, you don't pay enough for the costs you incur on society), less taxation on transportation and other goods/services required for getting to and from work (including gasoline, cars, car repair), more taxing of illegals (at the wiring stations), and more privatization of services (you should get your police/fire/city admin bill just like you would get your water/sewage/power bill). MORE income needs to be freed up from taxation. When income is freed up, it is either spent or invested (we hope). When it is invested, it should also be alleviated of capital gains taxes (ALL CAPITAL GAINS taxes). When it is spent, it should be taxed accordingly. When roads and bridges and streets and hospitals and mass transit need to be built, municipalities should issue citizen bonds (you'd buy these bonds because the interest is reasonable and because you KNOW the money is spent on what you need it to be spent on, which is more than you can say about your state or city taxes today).

The average citizen should always aspire and work towards being ABOVE average, better skills better education better outlook better prospects. This increases income and increases the tax contribution of the average citizen, without increasing the tax proportion of income.

We should not, ever, encourage mediocrity, average, middle-of-the-road, unproductive, mail-it-in workers or citizens. We should always reward effort, honesty and smarts. Neither the Democratic plan or the Republican plan does this, which means neither is very invested in the average American.

The only reason higher taxes should be considered is in a real, live, gun-in-your-face war, where resources are needed, immediately. We don't even have that, right now. Anyway, NOBODY in the 50 states has even HEARD of a Democratic economic plan let alone seen one, so I hope this somewhat answers your question.

Answer 4

If, and that is a big if, the Democratic plan can bring down the deficit and raise the overall standard of living then the benfits will not be seen in the immediate future but in the decades to come. If tax raises can do this, provided the burden is not laid upon the working man, Rich and poor, then they are justified.
If the deficit is not lowered, the crash in the US economy, which will happen regardless of the raising or lowering of the deficit, will be much greater and the world will take much longer to recover. I say the world because what happens in, today's global economy, in one country is repeated globally almost simultaneously

Answer 5

I am not sure that you will understand this but I will try anyway. If you have three boxes on the floor and you want to move those boxes if you lift just the top box that is all that you will move but if you reach down and lift the bottom box all three move. Ok the top box is the rich, the middle is the middle class and the bottom box is the poor. The democratic plan is to lift the whole stack but the repuglican plan (supply side economics) is just to lift the top. I am afraid that it has never worked, Nixon, Reagan, Bush sr. and now Bush jr have tried this and it has always failed because it leaves the middle class and poor behind. I hope this helps.

Answer 6

The dems don't have a plan. The Repugs' plan is keep taxing the poor and cut taxes for the rich. Taxes are necessary but should be a flat percentage after an exemption of 100% of the poverty level, i.e. something like $10,000 .

Answer 7

The republican plan keeps you in a job and more money in your pocket. The democrats are stupid if they think that taxing the rich is the way to go. If you can't afford employees, just so you can feed the social programs of the democrats, then you lay off employees. Very simple economics. The democrats don't get it though.

Answer 8

Most canidate's plans rely on reversing the Bush tax cuts for the upper classes but keeping them for the middle classes

Answer 9

Higher Taxes are not the answer, it only takes money out of the working mans pocket. And if you raise the taxes on the rich/Businesses it will only result in rising cost of goods and rising unemployment. I am middle class and I work really hard for my money. I find it ridicoulous that we would want to penalize someone with higher taxes who works hard and achieves their finacial goals. What makes america great is that we can work hard and achieve that american dream.

Answer 10

There is no plan that will benefit middle-class Americans - the republicans are for the rich, the democrats promote welfare. Unfortunately, some of both are pro-illegal - just different agenda's.... I don't think I'll see, in my lifetime, any politician that will come out for middle-class Americans.