Oh poor you! You make to much for the government to give you help. That must be a real bummer.
First, I'm not against helping people who deserve to be helped. This means helping people help themselves become better skilled and more productive. That makes our population more competitive in the global marketplace. How is giving free checks helping anyone? People have been consuming beyond their means and now we want to send them some more taxpayer money to spend because they have run out of available credit? Isn't that moral hazard?
Second, about making too much… I don't. I pay 38% of my overall income in taxes and my marginal rate is 48%. I live way below my means and believe in saving for a rainy day. Instead, I am seeing my savings evaporate due to increasing inflation and lower interest rates.
The policy of this current government is to penalize those who are responsible, those who have spent countless hours acquiring skills so that they can be successful.
The only way is to game the system by shifting from W2 income to 1099 and deduct everything, especially since we will be seeing increasing taxation towards already burdened middle income W2 earners in the future.
