Diary

My take on Obamas tax plan

Today as I was walking along I had a thought. If Obama is going to tax the top 5% what will happen to the lower 95% of us. I would say a majority of the 95% is employed by the top 5%. Taxing the employers is bad for the workers. This means wages stay low, employees are laid off and prices will have to be raised. That wont help stimulate the ecomomy. We need tax cuts. That helps create jobs, keep the prices low, and lets the 95% of working class Americans afford more stuff more often. Thats how to stimulate an economy. Dont spread the wealth let the people create their own wealth through lower taxes.