Tuesday, January 22, 2008

I Don't Get It...

...how is it that people who don't pay income tax may be due to receive income tax rebates in the plan currently under discussion by the President and Congress?

I've never understood the rationale for the Earned Income Tax Credit, and I sure don't get "stimulus" suggestions that "rebate checks go to everyone who files an income tax return, regardless of whether they pay any income tax."

Some might call it welfare...I call it socialism, taking the money from people who earned it and passing it out to those who didn't.

If the government let those who earned the money keep more of it in the first place, I suspect our economy would be doing much better.

And just think of all the administrative money wasted handling rebates which could have simply stayed with taxpayers to begin with.


Blogger Terri said...

You are so on the mark with this one!!!

4:06 AM  

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