JUST SAYIN'

What a joyous week. Michigan House passed a budget that taxes seniors and the poor, takes from schools, does away with property tax and charitable credits while giving big business a huge tax break. Now I know it's been since the early 70's since I took college econ, but I do believe I remember the old supply and demand scenario described by Professor MendelScleck. When you tax the crap out of the widget buyers, they don't buy widgets. Instead tax breaks allow huge bonuses and large salaries for short-time CEO's who do nothing to improve the bottom line. But apparently it's all the fault of the workers or the pensioners or the poor. It had nothing to do with Wall Street and the Banks greedily absconding with all the money (which funded the pensions btw) or large businesses run into the ground by inept management. Again basic economics says the company deserves to go under if it is not run efficiently. New economics apparently is strip the company of its assets, pay the top couple of folks and blame the workers. Sad part is, "we the people" are buying into it that it's all our fault and hating on each other. Hmmmmm

For 40 years the r's have been saying cutting taxes will lead to jobs. Uh duhh, definition of stupidity "keep doing the same thing and expect different results". I'm no genius, but I do think cutting entitlements to special interests and lobbyists that benefit a few, chasing fraud and waste rather than assuming "everyone" is on the "take" and taxing services would be palatable and would involve "all of us" to participate in the cure. Oops too logical I guess.