December 17, 2010
Dear Representatives & Senators,
Thank you for passing the bill that will keep my taxes (and everyone else's) from going up next month. I am particularly happy because our firm is not paying out $100 million in bonuses this holiday season, so a tax break is better than nothing. We didn't pay out bonuses like that last year, either. Or any other year. Then again, we didn't get bailed out since we never flirted with insolvency. This all makes me think I'm doing something wrong here. We work hard to keep the ink black on our clients' reports and on our own. It never occurred to me to run in the red and then ask for help from Washington.
Still, I can't help thinking that your generosity is a little over-the-top, even if it is the holiday season. I mean, giving out all kinds of tax breaks and benefit extensions? That, I don't understand. In my college economics courses I learned that you'll get more of something if you subsidize it. And aren't we borrowing that money?
Yours Truly,
A Taxpaying Constituent
GTC
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).