Patriots Unite Blog
Archive for May, 2010
The basic tenet of trickle down economics is quite simple: reduce taxes for the wealthy so that they can invest and create jobs, which in turn will filter money to lower income groups. Several presidents have tried to implement trickle-down economic policies, there has been little long-term success or experimentation with these policies. Part of the problem with previous attempts to put trickle-down policies into practice, which is also referred to as supply-side economics, is the fact that are tax system is severely flawed.
Not only do many average Americans not pay taxes, but thanks to myriad loopholes and accounting tricks, many large corporations don’t pay their share either. Whether you are a proponent of trickle-down economics or endorse the socialist agenda of trickle up poverty, most people can agree that fundamental changes to the tax code are needed. Some suggest a flat rate income tax, which would tax all people equally, regardless of income. Under a tax of this nature, there would be fewer deductions available and the process would be much less convoluted. This would help ensure that everyone pays their fair share of the tax.
In recent week the surge of “Tea Party Candidates” has really become clear. Kentucky was the first state to pick a candidate Rand Paul representing the Tea Party . Many political bumper stickers have been landing on cars all over America. Showing Americas discontent for the incumbents in Washington.
How do you think the incumbents will fair in November ? My opinion is that we are going to see a drastic shift to these Tea Party candidates in the coming months. With only 5 1/2 Months left I think this is going to start to get real interesting.
With the November elections inching ever closer, the public will soon be able to express their approval or disdain for the current state of our nation’s politics. Many people on both the left and right feel that the election will be a referendum on the President’s first two years in office and could serve as a harbinger for the 2012 campaign. Of course, there is general distrust for all incumbents, as Congress as a whole has one of their lowest approval ratings in history.
Incumbents across the country will be fighting for their lives in the primaries and reelection campaigns, and there have already been a few causalities. One of the most influential groups has been the highly publicized Tea Party. This faction, whose members are often identified by their anti-Obama bumperstickers and anti-establishment sentiments, have many candidates who are ousting middle-of-the-road Republicans. There is still time for people’s opinions to change prior to the election, but it seems like both sides are ready to take advantage of the anti-incumbent mindset.
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