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January 25th, 2008
A few days ago I posted my thoughts about the proposed “economic stimulus” where the government will be giving back about 300 dollars per tax payer in a retroactive tax cut from 2007’s tax year. You can read my thoughts about this tax rebate here. In short though I believe income tax is theft and I am for any and all cutting of income tax for anyone from the poorest to the most wealthy. On the other side though I think this rebate is bad for the country because there will be NO SPENDING CUTS on anything to fund it. All we are doing is going deeper in debt. Again read my full post on this to understand this better.
What I wanted to ask though today is what will you do with your 300-600 dollars in rebates?
Since I posted that orginal post I have been getting many visitors each day finding my blog from Google, they are all searching for things like
- “when do we get our tax rebates”
- “government giving out rebate checks”
- “will we get stimulate the economy checks?”
- “when will we get our government rebate checks”
- “800 dollar rebate checks government”
- and you have to love this one “government giving 300 dollars to everyone“
Now I am not here to criticize anyone but my guess is most of the people doing these searches are just itching to get that “free money” and blow it. Indeed that is “the plan”, yes indeed Uncle Scam (not a misspelling) wants you to spend every dime on consumer goods to “stimulate the economy”. The theory is more spending is good because more money is in circulation.
So please comment below after you read this post and tell me what you plan to do with your money. As many may suspect mine will be invested and many in the government want to not give the money to people like me that will save it. No they want “good Americans” to spend the money and “put it to work”.
So what are you doing with your refund?
- Taking a vacation
- Just blowing it
- Saving it
- Paying on debt
- Investing it
- Not sure yet?
Let us know because it is interesting what happens when you really ask yourself what you will do with extra money. Perhaps just perhaps thinking about this may make a few more of us think about saving this refund for a really rainy day. Trust me if you remember 1978 times are really not that bad right now.
Keep in mind this is not some government “entitlement” this is indeed your money, your tax dollars that you paid being returned to you. To do so your government has grow our debt by BILLIONS more. Again I am 100% for any rebate, any tax cut, any tax abolishment. Just realize that our elected officials did not think about how to fund this thing, they are just buying your votes from you with your own money and charging it along with interest to your children.
So knowing that how will you be spending your money, remember it is indeed yours it is not a gift from our exalted officials.Filed under Business & Marketing |