Bush tax cuts part II

The house just passed a resolution that would extend the Bush tax cuts to those making under $250,000, but would let the cuts expire for those making over that amount.When this goes to the senate it will fail because it has no republican support. Some of what I write here may sound familiar if you read my "Work" post from the other blog.
When George Bush implemented these tax cuts we were told that the money saved by the rich would be put back into the economy. That did not happen, what did happen was that jobs were sent overseas and the rich got richer while we slowly started to decline. What is so frustrating to me is that Republicans who complain about the deficit are shutting down a quick and fair way to put money back into the government. When the stock market tanked people were fired so that CEO's could keep their benefits. There are people who have been looking for work for two years, and yet we are supposed to feel sorry for those who put them in the unemployment line.
We have no way of knowing that extension of these tax cuts will do anything positive for the economy. We do however know for a fact that letting the tax cuts expire will provide the government much needed money.
It's simple psychology, the best predictor of future behavior is past behavior. We have seen this since Reagan was president, the rich get tax breaks that they are supposed to pass down to the rest of us, they never do, they keep that money as pure profit.
The only group of people who are making money in this rescission are those in the upper income. What this means is, that republicans want to reward those who got us here in the first place. John Boener whined about the injustice of making people pay their fair share. He said letting tax cuts for the rich return to normal levels was "chicken crap" . Really John? You know what I think is chicken crap, the fact that I lost my job so that one guy could make money in a recession.
You know what else is chicken crap Mr. Boener? The fact that employers refuse to make cheap or even free accommodations so that they can hire disabled employees.
but I digress
If you want to know what these people will do with the extra money look at what they are doing with it now. In my community there is a group of wealthy property owners who are buying up multi family units and renting them out. They have the money because of the cheap taxes they pay. They move from one town to the next getting these units ready to rent, in some cases they are building their own units. Usually building projects like this generate about jobs, but not in this case. In order to maximize profits this group is using the same 30 people for every job. They are also not doing maintenance on the properties they own so they are not contributing to the local economy by the purchase of goods and services. These are the people you want to reward? These parasites that drain us dry and walk away wealthy?
I say hell no! It is time they paid into the system like everyone else.