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How would exempting the first $20,000 of income from payroll taxes and applying payroll taxes to incomes over $250,000 "make everyone poor?"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 cant 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 nations 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 whos 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
Make everyone poor, what a wonderful idea. Where do you expect to get taxes from after everyone is living below the poverty line?
Really? Which particular The Man is keeping him down?No it isn't.
Probably started with Reagan smashing the Unions..on down to Dubya changing overtime rules.
But heck..for the most part if you ain't born into the fraternity of ultra-rich...no real way in.
Really? Which particular The Man is keeping him down?No it isn't.
Probably started with Reagan smashing the Unions..on down to Dubya changing overtime rules.
But heck..for the most part if you ain't born into the fraternity of ultra-rich...no real way in.
You probably believe that shit, too. 
Probably started with Reagan smashing the Unions..on down to Dubya changing overtime rules.
But heck..for the most part if you ain't born into the fraternity of ultra-rich...no real way in.
Your so full of shit... Reagan didnt crush unions. I wish he had of, but alas... another liberal lie.
As for "no way in".... your a fucking crybaby
Really? Which particular The Man is keeping him down?
Probably started with Reagan smashing the Unions..on down to Dubya changing overtime rules.
But heck..for the most part if you ain't born into the fraternity of ultra-rich...no real way in.
Which -other- union did he break?Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
When you blame others for your lack of wealth.. yes, you are.Not a crybaby...
Probably started with Reagan smashing the Unions..on down to Dubya changing overtime rules.
But heck..for the most part if you ain't born into the fraternity of ultra-rich...no real way in.
Your so full of shit... Reagan didnt crush unions. I wish he had of, but alas... another liberal lie.
Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
As for "no way in".... your a fucking crybaby
Not a crybaby...I've been on every continent except Australia and Africa. That and I've sat in on meetings with the Captains of industry and basically hobnobbed with the rich and famous. All without being super rich. I am quite comfortable...but thanks for caring..
Governments have been picking the winners and losers in every society for thousands of years by socializing cost and privatizing profit.Where does this "mentality" come from?
Did you fail at life and feel you deserve to be cared for by everyone else?
Did a rich person piss you off as they speeded by your hoopty in thier Mercedes?
Were you taught this as a child?
Are you a member of a cult?
Seriously; What makes you think that the government gives a fuck about you, that you want them to have more money?
Which -other- union did he break?Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
When you blame others for your lack of wealth.. yes, you are.Not a crybaby...
Your so full of shit... Reagan didnt crush unions. I wish he had of, but alas... another liberal lie.
Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
As for "no way in".... your a fucking crybaby
Not a crybaby...I've been on every continent except Australia and Africa. That and I've sat in on meetings with the Captains of industry and basically hobnobbed with the rich and famous. All without being super rich. I am quite comfortable...but thanks for caring..
Reagan did the right thing.... told them to get their asses back to work or find another job.
All within the law... no new laws, or smoke and mirrors.
As for you "hobnobbing with the rich and famous".... you are the one who said "no way in"
You sir are an idiot.... its just that simple. Oh, and good for you.... you have been on every continent just about.... who gives a flying fuck? That has nothing to do with the fact that you are wrong. The gov't is the problem in America and it needs to be fixed.
Grow the economy and shrink the government.... a winning combination.
Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
Not a crybaby...I've been on every continent except Australia and Africa. That and I've sat in on meetings with the Captains of industry and basically hobnobbed with the rich and famous. All without being super rich. I am quite comfortable...but thanks for caring..
Reagan did the right thing.... told them to get their asses back to work or find another job.
All within the law... no new laws, or smoke and mirrors.
As for you "hobnobbing with the rich and famous".... you are the one who said "no way in"
You sir are an idiot.... its just that simple. Oh, and good for you.... you have been on every continent just about.... who gives a flying fuck? That has nothing to do with the fact that you are wrong. The gov't is the problem in America and it needs to be fixed.
Grow the economy and shrink the government.... a winning combination.
Well first you said I was wrong about Reagan breaking the Unions..and now you backtrack and say he was right for breaking the Unions after you said he didn't break the Unions?
Who's the idiot?
And by way of my travel..and such..you guys are the one's pointing out I am somehow "jealous".
I'm not.
I think everyone in this country should have an opportunity to do great things..and not be shut out.
Simple as that.
Been there.The richest 10,000 Americans "earn" on average $50,000,000 a year. Any reason they couldn't be just as happy with 30% of $50 million? Especially since most of their income isn't "earned" at all. It's what Adam Smith called the money landlords earn in their sleep.Yeah....Earned.
As opposed to expropriated; the favored route of socialistic welfare state parasites.
Any reason you can't get off your ass and work?
Been there.The richest 10,000 Americans "earn" on average $50,000,000 a year. Any reason they couldn't be just as happy with 30% of $50 million? Especially since most of their income isn't "earned" at all. It's what Adam Smith called the money landlords earn in their sleep.
Any reason you can't get off your ass and work?
Done that.
Really sucked at it.
Reagan did the right thing.... told them to get their asses back to work or find another job.
All within the law... no new laws, or smoke and mirrors.
As for you "hobnobbing with the rich and famous".... you are the one who said "no way in"
You sir are an idiot.... its just that simple. Oh, and good for you.... you have been on every continent just about.... who gives a flying fuck? That has nothing to do with the fact that you are wrong. The gov't is the problem in America and it needs to be fixed.
Grow the economy and shrink the government.... a winning combination.
Well first you said I was wrong about Reagan breaking the Unions..and now you backtrack and say he was right for breaking the Unions after you said he didn't break the Unions?
Who's the idiot?
And by way of my travel..and such..you guys are the one's pointing out I am somehow "jealous".
I'm not.
I think everyone in this country should have an opportunity to do great things..and not be shut out.
Simple as that.
I didnt say Reagan broke any unions.... he stopped a strike.
You really are a loony one, and a WASTE of my time.
Oh, and you are the one who pointed out Gullivers travels... not us.
Jealous? No...you're just stupid.
Which -other- union did he break?Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
Moving goalposts?
When you blame others for your lack of wealth.. yes, you are.Not a crybaby...
Well..that's one take.
Another is that conservatives have been deconstructing the very protections and regulations that made a middle class in this country possible.
I don't have a "lack of wealth" by the way. I own a co-op on the upper east side of Manhattan, work in the financial industry and in this year alone I traveled to Shanghai, Taiwan and Guatemala. Oh..and I renovated the kitchen and bathroom. With black marble, brushed nickle and several other types of stones and metals. Along with a brand spanking new stainless steel oven, convection oven/microwave, refridgerator and dish washer. All designer crap (My girlfriend designed the whole thing..)
But..thanks for the concern.
Been there.The richest 10,000 Americans "earn" on average $50,000,000 a year. Any reason they couldn't be just as happy with 30% of $50 million? Especially since most of their income isn't "earned" at all. It's what Adam Smith called the money landlords earn in their sleep.
Any reason you can't get off your ass and work?
Done that.
Really sucked at it.
You been on vacation?
Which -other- union did he break?
Moving goalposts?
When you blame others for your lack of wealth.. yes, you are.
Well..that's one take.
Another is that conservatives have been deconstructing the very protections and regulations that made a middle class in this country possible.
I don't have a "lack of wealth" by the way. I own a co-op on the upper east side of Manhattan, work in the financial industry and in this year alone I traveled to Shanghai, Taiwan and Guatemala. Oh..and I renovated the kitchen and bathroom. With black marble, brushed nickle and several other types of stones and metals. Along with a brand spanking new stainless steel oven, convection oven/microwave, refridgerator and dish washer. All designer crap (My girlfriend designed the whole thing..)
But..thanks for the concern.
No wonder our financial industry is screwed up.
Human beings as disciplined as you are about as rare as a Goldwater sighting a Code Pink DADT fundraiser. Debt seems to be the chosen instrument of oppression in this country. A very small percentage of the any population has the integrity and force of will to accomplish what you relate, and I don't see government working to enhance your sense of independence.Let me tell you how to get rich in America. It is very simple.
Start working full time at age 18. Go to college at night and weekends. Work 2 jobs while young.
Drive old cars and do not borrow $. 1st residence buy in an older urban neighborhood for a cheap price. Build equity and then move.
DO NOT HAVE CHILDREN UNTIL AFTER AGE 30.
Do not buy cameras, TVs, ANYTHING new until you have at least 50 % equity in your home. Save a dollar here and there and then at age 30 save twenty dollars here and there and at age 40 save a hundred dollars here and there. Before long you will have 100K saved in cash at age 45.
Do not spend $$ on watches, leather coats, ANYTHING faddy ever. Save that $$. Do not ever carry a balance on a charge card. Do not eat at fancy restaurants unless you have 50% equity in your home.
I did all of that and my net worth is over a million now easy in a bad economy. I drive a 1999 Sienna van with 250K on it. I make 1/2 what my neighbor makes and he is broke, owes 200K on his business, 350K on his home and 100K on charge cards. He drives new cars, his wife has an Infinity sports car, his kids wear designer clothes and he has NO $$ for Christmas.
A disciplined American would have to be deaf, dumb and blind NOT to get wealthy here.
Which -other- union did he break?Lie? Reagan used government to break the Air Traffic Controller Union. No lie..just your ignorance of history.
Moving goalposts?
When you blame others for your lack of wealth.. yes, you are.Not a crybaby...
Well..that's one take.
Another is that conservatives have been deconstructing the very protections and regulations that made a middle class in this country possible.
I don't have a "lack of wealth" by the way. I own a co-op on the upper east side of Manhattan, work in the financial industry and in this year alone I traveled to Shanghai, Taiwan and Guatemala. Oh..and I renovated the kitchen and bathroom. With black marble, brushed nickle and several other types of stones and metals. Along with a brand spanking new stainless steel oven, convection oven/microwave, refridgerator and dish washer. All designer crap (My girlfriend designed the whole thing..)
But..thanks for the concern.
