Yes. We need a solution for the crisis on Wall Street. A news paper article titled caught my eye this morning. It said, "...bail yourself out..." Those are my thoughts exactly.
As a rule when we "the working poor" find ourselves in a mess, we work it out or go under. The government is not likely to come along and bail us out. We don't make enough money for it to matter to anyone but us. AND, we have to pay taxes on the little that we do make.
Question: How many of the companies that want this bail out, actually pay taxes?
Possible solution: If the tax payers income are to be the basis for a successful bailout of Wall Street, how about EVERYONE pay a flat tax rate. I mean EVERYONE.
As an example: If I made $40,000 a year (a good year for me), and paid a flat rate of 10% of my earnings in income tax that would be $4,000 to the government. Though that is a drop in the bucket to them and may not do anything to help bail out Wall Street.
If my neighbor, raked in $400,000 and paid the same flat rate, he contributes $40,000 to the up-keep of our government/country. That's better
If Big corporations (who generally don't pay taxes, thanks to all the tax breaks) brought in $400,000,000. Our government gets a whopping 4,000,000 to help take care of our country's needs. That would help much more. There are a lot of big corporations out there.
Just a thought! Are you thinking? If you wait for the government to do it for you, you have too much faith in the nature of the beast. Sometimes (maybe) our representatives will look out for us(the working poor). But, a lot of the times, they just look out for themselves (themselves and those that will help them get more).
Oh. By the way. Who is buying up all that low cost stock now? Are foreign countries buying up America, one stock at a time?
Check out a blog by Joseph E. Stiglitz, a professor at the Columbia University. Here is a thinking man. http://blogs.usatoday.com/oped/
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