Thursday, October 16, 2008

IF TAX DOLLARS ARE "YOUR MONEY," YOU SHOULD BE ENTITLED TO FULL REFUND

During these turbulent market periods, I tune into CNBC during the day. Periodically I hear silly and irrational comments. Take CNBC host Dylan Ratigan's assertions that the Treasury is wasting "our money" in its bail-out. Here are my comments sent to Ratigan:

Everytime you say that tax dollars paid in to the Treasury are "our money," it makes me cringe. If those dollars were "your money," then you would have a legal right to recover them. Furthermore, you would be entitled to interest.

But you and I know full well that you have no legal right to monies paid in for taxes. And you deserve no interest.

Of course tax dollars are NOT "your money." You oversimplify and confuse by repeating this meme. You sound just like W in his self-serving political description of of why taxes should be reduced.

So either explain how tax dollars are legally your money or stop your inflammatory mischaracterization.

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