Friday, February 8, 2008

Economic Stimulus For Who?

Your leaders in Washington want to give you a present this tax season. They want to give you money to spend in order to help out the economy. This may seem like a nice idea, but think about it for a moment. If you receive $600 say, what will you do with it? Pay ahead on your credit card? That payment will go to a large credit card lender. Pay for a high ticket item like a Playstation or plasma TV? That too would go to a big box store. See the pattern. Our leaders are giving us money that will eventually end up in the coffers of big box banks or corporations. Really, it's a gift to corporate America by way of the American people, making our leaders look good and the people happy to have more stuff. Unfortunately, the people are also probably overlooking the fact that next year during tax time, they'll find that that gift will be part of the income they'll be taxed on. Nothing is free.

What to do with your gift, then? Save it. Buy from a local store so that money will stay in your community. Invest in yourself by learning something new. Whatever you do, do it responsibly.

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