In response to:

Fiscal Cliff Notes

skywalker58 Wrote: Dec 04, 2012 8:52 AM

All the pretty talk about how tax rates will be raised only on "the rich" hides the ugly fact that the poorest people in the country will see the value of their money decline, just like everybody else, and at the same rate as everybody else, when the government creates more money and spends it. This is all part of the fact that the Left doesn't care about results, only appearances. They claim to be "helping the poor" by taxing the rich more. The fact is taxing the rich more only reduces the rich's investment in their business, their homes and cars (which create jobs) or their charity.

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

Fiscal Cliff Notes

Amid all the political and media hoopla about the "fiscal cliff" crisis, there are a few facts that are worth noting.

First of all, despite all the melodrama about raising taxes on "the rich," even if that is done it will scarcely make a dent in the government's financial problems. Raising the tax rates on everybody in the top two percent will not get enough additional tax revenue to run the government for ten days.

And what will the government do to pay for the other 355 days in the year?

All the political angst and moral melodrama about getting "the rich" to pay...

Related Tags: Budget and Government Inflation Tax the Rich Jobs and Economy Taxes Fiscal Cliff