Thursday, June 11, 2009

Tax Dwarfs

It has to be frustrating for the Obama Administration, they were dealt some terrible cards from the Bush Administration. Bush and his cronies spent like drunken sailors over the past 8 years and now, some weak minded Americans think that it's his fault that were in the mess we are in. As time goes on- 2010 and beyond, more and more people will blame Obama for this mess.

What people don't know is -Cheney, Wolfowitz and Bushes planned all of this from the beginning. The Conservative playbook from the beginning was to run up the national debt of America so they couldn't afford to pay benefits to Americans, they wanted the govt. not to be able to pay Social Security, Medicare and all of America's obligations to their people. As the Rethuglicans saw it -the worst thing that happened before Bush was that Clinton balanced the budget and had a surplus. These people want to starve the Government. If you go to website like 'American Enterprise Institute', they as much as say it. This is a tactic in a large strategy to pass more of the load of funding government on the middle class. Some, but not all wealthy Americans feel like that they pay way to much in taxes. And to a point -they do.

America taxes system is punitive, I'm sorry to say. It punishes high achievers, which is not fair. The top 5 percent of tax payers pay almost 50 % of the taxes in America, that's a problem people. In states across America the wealthy are fleeing states like California and New York.

I'm sorry, if your wealthy and live in NYC or LA you'd have to be crazy. I believe the tax rate for the top 4 or 5 percent if you count city, state and federal taxes is closing in on 55%, that's unacceptable. States like Florida, Nevada and to some extent GA. have little to no state tax, no city tax, so a person only has to worry about federal tax. As time goes on, we are going to see a exodus of the wealthy from high tax states to tax friendly states for personal and business reasons. This is why companies left the Northeast and Midwest, taxes and unions. People need to be aware. One day if you keep achieving your going to be in that top 5% and they're going to be taxing you at 55%. believe me your not going to like it.
Just got back from the Plant Nursery, beautiful as usual. saw some nice evergreen material. I personally love dwarf evergreen plants. Dwarf meaning plant that grow very slowly- like 2 or 3 inches a year. Our yard is full of them. These species mostly come from the Northwest parts of our country and their pricey. The reason - their rate of growth. Plants --all plants are priced by how fast they grow. If a plant grows fast they are usually pretty cheap. But if their slow growers their going to cost more. Bottom line.

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