FINAL COUNTDOWN FOR USA ELECTION 2008

It is not confiscating wealth from Citizen A who ethically and legally acquired it and giving it to Citizen B for his personal benefit even though he provided no labor or resources to earn it.

John McCain Will Reform The Tax Code To Offer More Choices Beyond Employer-Based Health Insurance Coverage.
While still having the option of employer-based coverage, every family will receive a direct refundable tax credit - effectively cash - of $2,500 for individuals and $5,000 for families to offset the cost of insurance.

Today on my way to lunch I passed a homeless guy with a sign that read "Vote Obama, I need the money." I laughed.

Once in the restaurant my server had on a "Obama 08" tie, again I laughed as he had given away his political preference--just imagine the coincidence.

When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--the homeless guy outside. The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the server inside as I've decided he could use the money more. The homeless guy was grateful.

At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient needed the money more.

I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.

Or is it just redistribution of someone else's wealth that is the great idea?

How do you feel about the annual wealth redistribution checks each resident of Alaska gets?

Alaska residents will get annual oil royalty dividend of $1,654 each

Poor effort on your part.

A concept of taxing everybody and providing a government service equally to everybody is not wealth redistribution.

That's exactly what I'm saying. Everybody would get the 'tax credit'. As McCain points out, the tax credit is "effectively cash", money that you'd get, no matter how much you owe in income taxes in the first place.

It's not a tax cut, where you simply keep more of the money you've made. It's a handout. You get $5,000, no matter what. It's a plan that gives out money, and does so disproportionately in favour of those who pay less taxes.


How is that not redistribution of wealth?

old europe wrote:

That's exactly what I'm saying. Everybody would get the 'tax credit'. As McCain points out, the tax credit is "effectively cash", money that you'd get, no matter how much you owe in income taxes in the first place.

It's not a tax cut, where you simply keep more of the money you've made. It's a handout. You get $5,000, no matter what. It's a plan that gives out money, and does so disproportionately in favour of those who pay less taxes.


How is that not redistribution of wealth?

No everyone wouldn't get the tax credit. Only those who obtain health insurance would get the tax credit. Those who did not use it to obtain health insurance would be entitled to no credit. It would be a better deal than we used to have when we were allowed to deduct most of our health insurance costs and other medical expenses. A tax credit is the amount we all use to reduce the taxes we would otherwise owe and we have to meet very specific criteria in order to get one.

Hubby and I got one last year when we replaced our old furnace with a new energy efficient furnace. It isn't the government mailing us out a check hoping we'll use it responsibly.

I can't find anything in McCain's campaign literature which says that you would actually have to buy health insurance with the tax credit in order to receive it.

It just hands out money.

Hubby and I got one last year when we replaced our old furnace with a new energy efficient furnace. It isn't the government mailing us out a check hoping we'll use it responsibly.

I can't find anything in McCain's campaign literature which says that you would actually have to buy health insurance with the tax credit in order to receive it.

My family has qualified for tax credits for various things over the years. In not a single case did the government send me a check and call that a tax credit. It just doesn't work that way. In order to receive a tax credit, you spend the money and then deduct the allowed credit from whatever taxes you owe the government. You also are required to provide proof that you spent the money in such a way to qualify for the credit.

If the government sent you a check so that you could buy health care if that's what you wanted to do with it, that would not be a tax credit. That would be something very different. If you get a refund on your taxes that you otherwise wouldn't be due, and you are allowed to spend it any way you want, that is a rebate. If the government sends you a check above and beyond any taxes you paid, that is welfare.

You have to spend the money for a specific designated purpose, and be able to prove that you did so in order to qualify for and take a tax credit off the taxes that you otherwise owe.

I can't believe that John McCain plans to send every person $2500 with the hope that he or she will spend it on health care. We have some really REALLY stupid people in Congress, but I can't think of anybody who would be that dumb.

Again, if that is the plan then 'tax credit' is the wrong word for it. And I'm pretty sure that McCain knows the definition of tax credit.