Showing posts with label Rich. Show all posts
Showing posts with label Rich. Show all posts

Sunday, September 18, 2011

The Rich Get Richer, and the Poor Get Shorter Life Spans

The Rich Get Richer, and the Poor Get Shorter Life Spans: "Three-plus decades dominated by the GOP philosophy of trickle-down economics, tax cuts for the rich, and corporate welfare has resulted in a growing disparity between the rich and poor in this country–and a growing disparity in the life expectancy between the two classes.

In other words, the rich get richer, and the poor get to die earlier...."

Saturday, August 20, 2011

What I Don't Understand

So, I got told today by a Teabagger that I don't understand that if taxes are raised on the rich, that they won't create jobs. Oh fucking really now? Somehow Clinton raised taxes, and 20-25 million jobs were created. Bush lowered taxes and we lost millions of jobs and you're going to try and tell me that I don't understand?! What I don't understand is how I pay more in taxes than Exxon Mobil when I live below the fucking poverty level. I actually owed money this year when they and plenty of other companies got a fucking refund check! What I don't understand is how they're the 'job creators' and they're not making any damn jobs. Instead, they're laying of workers while making record profits and sitting on millions of dollars! What I don't understand is how people get this idea into their head that supply side economics is a fucking good thing. What I don't understand is how me and millions of other people are expected to pay more than our fair share when we sure as hell can't afford it. And the people who can afford it are receiving welfare on steroids!

A company who makes $5 million an hour in profit can receive welfare and that's ok but thousands of people who actually need the help are given the boot! Are you fucking kidding me?! How are we supposed to get out of this damn recession when money is being squeezed out of the middle class? To give you an idea of how bad it's getting; the CEO of Wal-Mart makes in one hour, what the average annual salary is of a Wal-Mart employee. But somehow they can't afford to pay more but the rest of us can?! Give me a fucking break!

“The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.”
~FDR

An Angry and Battered America Demands Tax Increases On The Rich

An Angry and Battered America Demands Tax Increases On The Rich: "Approximately thirty years ago, an actor-turned-god told the American people that government was their enemy and was single-handedly responsible for their economic plight, and it started the neo-conservative movement that is ravaging the country today. Ronald Reagan convinced many Americans that if the wealthiest citizens in the country got all the breaks they would allow miniscule amounts of their wealth to trickle down to the peasants who would in turn pay more taxes to feed the wealthy’s low tax rate. When Bill Clinton was president, he raised the wealthy’s taxes to a level that is 3% higher than it is today and the economy made a recovery that has stood as the most prosperous era in recent memory.

When George W. Bush took office in 2001, he immediately took the budget surplus President Clinton left and turned it over to the wealthy with repeated assurances that the rich would let some of their crumbs trickle down to working Americans who paid for his two wars and gave the rich tax breaks. Now the economy is once more near the brink of disaster and Republicans are refusing to raise taxes on the wealthy; all the while they help corporations send Americans’ jobs overseas to avoid paying taxes on the foreign income. So what is the Republicans answer to save the economy and create jobs? They are still trumpeting that tired canard that if the rich keep their tax breaks and regulations are eliminated, the job creators will get the economy working again..."

Monday, August 15, 2011

Stop Coddling the Super-Rich


Stop Coddling the Super-Rich: "OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors..."

Sunday, August 7, 2011

The myth of the job creator

The myth of the job creator: "In their drive to restore some sort of economic equity to our society, decrease our deficit and restore some semblance of balance to the federal budget, President Obama and Congressional Democrats have repeatedly called for closing corporate tax loopholes and increasing taxes on the wealthiest Americans. Poll after poll has shown that the American public, and even a strong cross section of Republicans, look favorably upon this idea. And who could blame them? At a time when the rich are getting ever richer while everyone else is wondering how they will keep their heads above water and figure out how to pay for college for their kids, it only makes moral and logical sense that those who are well off should make a little bit of a larger contribution to bring out nation's economy and people back from the brink..."