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Originally Posted by philcski
OH. MAH. GAWD.
Timmi, do you have a Bermudan or Swiss bank account where you store all of your racetrack riches? Didn't think so.
This is NOT "redistribution of wealth". It's going after people that have used their economic status to cheat the system for many years, causing the rest of us to have to overpay in taxes. It's tax evasion, flat out illegal, yet for some reason has been semi-allowed for too long. Good for the government to finally say "enough".
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It is a real stretch to say that the rest of us have overpaid taxes because of this. Because if it did you would expect that tax rates would be declining in the near future now that a lot of that money has been recovered. We all know that isnt happeneing. And the fact is that the average persons overall tax burden is going to be heading north in the near future regardless of the spin to the contrary. Dont forget that a whole lot of the stimilus money came with strings attached and the states are already biting back. You will see increases in all kinds of other taxes (sales, property, tolls, etc) simply because the states are broke, and much of the pain in the future is due to unsustainable increases in social programs including unemployment programs. I was fined $55000k by the NYS labor board over a dispute three years ago that concerned 1 employee for 6 weeks. I was recently notified that i was fined 5 k by that same board for failure to have proper coverage in the 1st quarter of 2008 despite the fact that i did no business in the state during that time. Naturally these are seemingly unusual cases but show the lengths that state agencies are now willing to go to try to grab some cash. The average person must now pay more for the same healthcare (mainly because the new bill makes it hard for their employers to take on the extra financial burdern and are simply passing those costs along by cutting programs or covering with a lesser program or even dumping the employees into the govts lap) and in other cases be forced to buy it. That in itself is a form of mandated increase, a tax in sheeps clothes. The "energy" agenda being proposed by the current administration will increase the average persons monthly bill by 100 to 300%. Another not so hidden tax which hits the middle class. Hopefully it gets shot down.
The idea that a middle class person is going to benefit financially from this administrations programs flies in the face of reality. Someone is going to have to pay for all this continued spending (the rich are paying the downpayment) and that someone is the middle class.