Stating The Obvious Because Someone Has to... #2

As the corporatists keep pushing the idea of committing economic suicide by renewing the Bush tax cuts, it's pretty amazing that they're not just getting laughed off stage for this one. Paul Krugman puts it simply:

These...politicians are eager to cut checks averaging $3 million each to the richest 120,000 people in the country.

But this insanity resonates well with the know-nothings and the 'baggers. Their team pols still prattle on about "trickle-down economics" like it hasn't been considered a retarded idea since the mid-1980s. They warn us that we shouldn't overburden the rich, that they need tax breaks so they can grow businesses and employ more people... and the only reason we believe this suspect bullsh*t is because most of us don't know any rich people to ask.

With this in mind, I found this comment on Krugman's piece pretty enlightening. So much so, I'll just copy/paste the whole thing for the edification of all of us who don't know any rich folks to ask:

I'm a small business owner who is part of the 1% and I've saved close to a million dollars in taxes since the Bush tax cuts were enacted. I don't mind the extra money, but I don't understand those who argue that higher taxes hurt the economy. If my tax rates go up, my income goes down, and so I have to invest more to reduce my taxes and spur growth to get me back to the income I would like to have. If the government cuts my taxes, I'll pad my savings. Our tax rates are currently the lowest they have been in my lifetime and some of the lowest in the world. I worry about the long term health of the country--increasing the deficit to give more to the rich will hurt my business in the long run and ultimately I and all of us will be much worse off. Let the tax rates go back to where they were during the booming Clinton years and we will all be better off.