Will We Ever Learn?

Hi Everyone:

Just when you think you have heard it all, comes this tidbit of info that should get us all upset. In these times of huge deficits on both the Federal and State levels, comes the following idea from Houston Republican Rep. John Davis. He sponsored a bill that would cap the maximum sales tax the state would collect on the sale of a personl boat costing $250,000 or more. What??? Just when we need the sales tax money, this lack of common sense person wants to decrease the amount. Unfortunately and unbelievably, the House Ways and Means Committee then approved the tax break.

Have politicians lost their minds? Now is not the time to decrease sales tax revenues, which are so sorely needed. Common sense says that this issue should have never come up in the first place and if it did, it should have been defeated. But NOOOOO! How will the lost sales tax revenue be made up? Oh yea, on the backs of the middle class. Why do the rich get tax breaks and the middle class gets the shaft? Tax breaks for the rich do not work. All you have to do is check the economy's response to such tax breaks. Prior tax breaks for the rich didn't trinkle down into a better economy. What it did do was to make the rich get richer. But go figure, if it didn't work before, why not try it again? How assinine!

Will we ever learn? We are suppose to learn from our mistakes, in order to not repeat them. But I guess that all bets are off when tax breaks for the rich come into play.

Til next week.

Peter