Saturday, December 21, 2024
Votes
President Biden just announced that he is forgiving the student loans on 50,000 public employees and he is being criticized for buying votes. This is true but....the mortgage interest deduction is buying votes from home owners. The capital gains tax is buying votes from investors. The oil depletion allowance is buying votes from the big oil companies. Grants of 50% of the cost of solar panel companies is buying votes. Child tax credits is buying votes. $7,500 tax credit on EV's is buying votes. Removing tax on TIPS is buying votes. Not taxing social security is buying votes. Free healthcare under Obamacare is buying votes. This is the way things work. Lobbyist exist to get hand outs. Congressmen are the lobbyist for the poor. The main purpose of government is to provide safety but a second purpose is to take money from one group and give it to another group in order to curry votes.
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