Shrink the Rich; Not Government

georgephillip

Diamond Member
Dec 27, 2009
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Los Angeles, California
Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal
 
Incase you fucking Becky ass miners have not noticed the wealthy have gained an pantload over the last decade.
 
Okay idiot. By idiots I mean TDM and GP No more Rich folks.

If there were no wealthy in this country then who the hell do you think would be paying the majority of the Fed taxes in this country??

Why the middle class of course. They would be the only ones left to pay for anything. The poor sure aren't going to pay their way.

Oh Yeah. Sounds like a plan to me. NOT.
 
Last edited:
Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal


IF you shrink the governmnet you also shrink the rich. Our politicians and government workers all make far above the national wage average so by shrinking them you shrink the rich.

I say make it so if you work for the government you can not make more than the national average salary for your pay.....all the way from the school janitor to the President of the United States.
 
Okay idiot. By idiots I mean TDM and GP No more Rich folks.

If there were no wealthy in this country then who the hell do you think would be paying the majority of the Fed taxes in this country??

Why the middle class of course. They would be the only ones left to pay for anything. The poor sure aren't going to pay their way.

Oh Yeah. Sounds like a plan to me. NOT.

The genius of the left.... pay for things by taxing the shit out of something we hope you stop buying.

HUH???????????????????
 
"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)
That's because they're being taxed into the poor house, asswipe.
You apparently think the richest 1% of US earners actually deserve 25% of total income?

Is that because they work so hard?

Or is it tax bias Republicans AND Democrats continually provide for their political base?

Any problem with exempting the first $20,000 of income from payroll taxes?
 
"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)
That's because they're being taxed into the poor house, asswipe.
You apparently think the richest 1% of US earners actually deserve 25% of total income?

Is that because they work so hard?

Or is it tax bias Republicans AND Democrats continually provide for their political base?

Any problem with exempting the first $20,000 of income from payroll taxes?
Too fucking bad.

Rather than pimping for special carve-outs for politically favored groups, why don't you question the premise of direct taxation on the productivity of anyone and everyone in the first place?

Because you're a sniveling little commie bitch, that's why.
 
You're welcome, Slave.

Sorry comrade, I'm self-employed.

BTW.... the line for toilet paper and Vodka is getting longer, you'd better go stake out your place!
And the FIRE sector says thank you very much, SLAVE, for paying our share of America's tax burden.

fwiw...if you drive real fast, maybe you can scoop up that last box of ammo at Walmart.
 
You're welcome, Slave.

Sorry comrade, I'm self-employed.

BTW.... the line for toilet paper and Vodka is getting longer, you'd better go stake out your place!
And the FIRE sector says thank you very much, SLAVE, for paying our share of America's tax burden.

fwiw...if you drive real fast, maybe you can scoop up that last box of ammo at Walmart.

To late I already bought the legally restricted ammo limit here and cleaned out walmart and the local sporting goods store.

:D
 
That's because they're being taxed into the poor house, asswipe.
You apparently think the richest 1% of US earners actually deserve 25% of total income?

Is that because they work so hard?

Or is it tax bias Republicans AND Democrats continually provide for their political base?

Any problem with exempting the first $20,000 of income from payroll taxes?
Too fucking bad.

Rather than pimping for special carve-outs for politically favored groups, why don't you question the premise of direct taxation on the productivity of anyone and everyone in the first place?

Because you're a sniveling little commie bitch, that's why.
You mean like the carve outs received by Finance, Insurance and Real Estate?

See if you can explain why hedge fund honchos pay 15% in taxes on their income and their janitors are taxed at 30%.

Do you consider Wall Street Parasites a "politically favored group?"
 
Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal


IF you shrink the governmnet you also shrink the rich. Our politicians and government workers all make far above the national wage average so by shrinking them you shrink the rich.

I say make it so if you work for the government you can not make more than the national average salary for your pay.....all the way from the school janitor to the President of the United States.

Hey george...what do you think of this?
 
"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000. I all ready get more back than I pay in. Are looking to make a slave out of the poor?

"Extend Medicare to all. This is just ignorance of how poorly medicare works.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000. Get rid of it and the government spends less.

"Make higher education free to families that now can’t afford it. It's not free, someone pays.

"Rehire teachers. NY has teachers that get paid but don't work and it cost them at least $100 million a year. So lets think of a better idea.
"Repair and rebuild our infrastructure. Unions price gouge and never finish on time costing more money.

"Create a new WPA to put the unemployed back to work. What's a "WPA"?

Where would we find the money for all this? Obama can pull some from his stash.

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit. Never ask someone to do something you yourself would not be willing to do. Would you give up 70% of your pay? If not, then you can't morally ask someone else to do so.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers). So you can start the conditioning early.

"Promote unions for low-wage workers." The government has no business promoting unions.

Where would we find the money?

By shrinking the rich instead of government. Goverment jobs and cool hats with stars on them FOR EVERYONE
 

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