11 October 2008

We are also in election mode


Apart from the US and Canada we also are going to have an election. Yes really - 8th of November will be the big day.

The Polls have all shown a massive National lead and like most I thought they would close up, but not a quickly as the latest seems to show. Whether this closing of the gap is continued in the next poll remains to be seen.

Interestingly, it came around the time of the announcement of National tax cuts. As one who, whilst realising Governments waste money, does not believe in tax cuts per se, as I had concerns about the future economic horizon (which has arrived) and the effect they could have on our services - hospitals, etc. However, I thought the tax bands should be moved as many who are on what are reasonable wages are now caught by the higher tax rates.

As for National taking away the tax benefits of Research and Development - are they mad.!!!

Meantime in the States I saw an article about the same thing -

In the VP debate Gov. Palin said to Biden “You said recently that higher taxes or asking for higher taxes or paying higher taxes is patriotic. In the middle class of America, which is where Todd and I have been all of our lives, that’s not patriotic.”

The answer to her should have been:

“Governor Palin, if paying taxes is not considered patriotic in your neighborhood, who is going to pay for the body armour that will protect your son in Iraq? Who is going to pay for the bailout you endorsed? If it isn’t from tax revenues, there are only two ways to pay for those big projects — printing more money or borrowing more money. Do you think borrowing money from China is more patriotic than raising it in taxes from Americans? That is not putting America first. That is selling America first."

No one said it better than Justice Oliver Wendell Holmes: “I like paying taxes. With them I buy civilization.”

My view of Palin is that she is probably even worse than Bush. Unfortunately it also shows McCain, who is generally of Presidential timbre, as showing poor judgement.