Showing posts with label US Senate. Show all posts
Showing posts with label US Senate. Show all posts

Tuesday, October 23, 2012

Getting to Know Empirical


We here at Empirical are proud of the quality magazine we produce every month, despite pillars of the publishing community, like Newsweek, deciding to go digital. We believe that having a physical copy in hand is the very essence of what sets us apart from other magazines. Empirical is going to be increasing its efforts over the next couple of months to bring you multimedia and social networking opportunities to interact and learn more about the magazine. 

If you have read the magazine, please share your impressions with your friends and family to help grow the Empirical community. If you have not had read our wonderful magazine yet, then stop reading this post and go out and get a copy. (You can visit us at http://www.empiricalmagazine.com/ to find out how to subscribe to the publication or purchase single copies.) 

Additionally, if you really loved our magazine, we would love to see user videos (no more than a minute or two) describing what about the issue resonated with you. We are going to be compiling these types of video clips over the next couple of months to add to the Empirical YouTube channel, which is coming soon to a laptop near you. 

To further acquaint yourself with the magazine, we have been providing posts about some of the quality works that we have published in Empirical. Please take a moment to read them when you have the time. 



Wednesday, July 25, 2012

Democrats Pass Tax-Break Extension for all but the Rich

The Democrat-controlled Senate has passed a bill (51-48) today that would allow tax breaks for the middle class to continue, while ending them for the very wealthy. This bill is expected to go nowhere in the Republican-controlled House, because Republicans argue that no one should pay higher taxes. It does not take much to read between the lines here. Republicans would rather let all the tax cuts expire than to allow only the very rich to be taxed higher. If this happens, they will argue that the Democrats made taxes increase on everyone. Democrats would rather let everyone pay higher taxes, and have the means to begin paying down the deficit, than to let those who can best afford to help the country get off the hook. If the tax cuts expire, the Democrats will argue that the Republicans created a tax-increase for everyone in order to protect their richest supporters. The tax cuts will most likely expire for everyone because of this partisan split in viewpoints. This will be one of the major decisions that voters will have before them in the 2012 election. Is the economy best served by providing the government additional means of serving the public (through taxing the rich at slightly higher rates), or by starving the government of the means to act on many important issues by having no one's rate of taxation return to the pre-Bush-tax-cut rates?

 Before deciding, one should ask themselves why the economy is in the on-going stagnation that we are now experiencing. Is it because the rich don't have enough money, or is it because the middle class and poor do not have the jobs and buying power to keep the economy going? Over the last thirty years, the rich have continued to get richer while the poor get poorer and the middle class is disappearing. Is giving the rich more money to spend working for the national interests? The record of the last thirty years does not seem to suggest that. Would giving the poor and middle class more opportunity and purchasing power stimulate the economy? Maybe it's worth giving that a try.

Granted, taking tax dollars from the rich will not cause the wealthiest of us to then stimulate the economy. But when the richest few are unwilling or unable, for whatever reason, to stimulate the economy, then government is the only source of stimulation left in the game. And unless we want to see deficits continue to grow ever higher, someone has to pay back in the system. Why should it not be those who have profited from the system over the last several decades at the expense of everyone else's labor?