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Meh, a tax cut for the rich, or a tax cut hike for the rich isn't going to solve any of our problems.
It's not going to solve the Euro crisis. It's not going to solve a slowdown in China. And it certainly isn't going to drastically affect the long term decision-making or execution power of "job creators." If you had to ask "job creators" why aren't their hiring, they will most likely cite the first 2 reasons in my paragraph, followed by the uncertainty of the US gov't and the tax situation but successful people don't choose to opt out of trying to be successful over a 5% marginal tax increase.
Moreover, a guy like Mitt Romney, I wonder how much his effective tax rate would go up under Obama's plan. The sad reality is, not everyone is Mitt.
While all this is going on, our government is printing money at astounding rates, in an attempt to carry out the government mandate of full employment. The smart money argues, including Relentless, we have real structural issues with employment, as in - the jobs have left, and are never coming back.
You can argue about the ideologies all you want. All of this paints to one simple thing: extroardinary amounts of financial pain into the future. You can argue about politics all day or you can plan accordingly so you aren't fucked by that situation, but also so that you are prepared to make $ from it. What we're facing, is way too big for any singular politician to fix. And what the world has show is that the politics around the world are too broken to come together to fix it. We live in a much different world than 50 years ago. Politicans are elected 4 years at a time, and therefore there policies will always trade the short term for the long term.
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