ninjadude, on 05 January 2013 - 03:01 AM, said:
I guess the point that many are missing is that the payroll tax holiday was TEMPORARY in the first place. It lasted two years. And was to help stimulate the economy. Tax are not going up per se, they are going back to what they were before that law was passed. The sky is not falling.
I agree with the temporary view. What most people don't seem to comprehend is the economic
sky of stability fell decades ago and was masked by Greenspan with artificially created bubbles of wealth and politics that would eventually start to burst! About the same thing happened when savings and loans failed in the late 70's and then the huge banks took their tactics and de regulation to a much higher level manipulating securities, derivatives, designer loans, mortgages and backing most of it by government guarantees. It was a strategic plan more fine tuned. So we the people pay it back in taxes or lose in the "safe" investments.