Tax The Rich Middle Class Wages Have Been Flat for 30 years

Discussion in 'Politics' started by merrill, Jan 17, 2012.

  1. merrill
    Offline

    merrill VIP Member

    Joined:
    Dec 27, 2011
    Messages:
    1,263
    Thanks Received:
    92
    Trophy Points:
    83
    Ratings:
    +92
    Tax the Rich!
    The surge of pro-union activism in Wisconsin is exciting and inspiring, especially coming on the heels of liberation movements in the Middle East. But the
    struggle there is also frightening. The assault on public-sector unions by Republicans and the billionaires who fund them is not just an assault on public-sector unions; it’s an assault on unions in general. And it’s not just an assault on unions in general; it’s an
    assault on the working class.

    The struggle in Madison and beyond is starting to look like the culmination of decades of class struggle from above, with the ruling class aiming now to deal a final death-blow to what remains of an organized working class in the United States.

    Building a movement to resist these assaults will be the work of years, even decades.
    A good place to start is to reframe the fake battles around budgets and deficits to
    reveal them for what they are: class warfare from above. A recent discussion on the
    email list of the United Association for Labor Educators provides a great starting
    point for such a reframing. Steve Schnapp, a veteran popular economics organizer
    with our neighbors, United for a Fair Economy, had this to say:

    There is plenty of money in the United States, and in Wisconsin. It is at the top. The disparity in financial assets is what is hurting us—the top 1% has more financial assets than the bottom 95%.

    Middle-class wages have been flat for 30 years, while the wealth has floated to the top. It was conservative values that caused the global economic collapse: lack of regulation and a greed-is-good ethic; massive military spending (projected cost of Iraq: $3 trillion, projected cost of Afghanistan: $1 trillion); a systematic shift of taxes off of wealth and onto work; and a privatized, for-profit health-care industry. All the sacrifices in this economic downturn are being borne by the bottom 80%, while the top 1% live like kings.

    And from Fred Glass of the California Federation of Teachers:
    In putting the target back on the 1%, the best arguments are to point out that the top 1% has doubled its share of the national income in the past twenty years, while receiving massive tax cuts.

    The 1% took all this new money and instead of investing it in productive enterprises in the United States, took it 1) offshore and 2) into financial speculation, which ultimately crashed the economy.

    State and local public budget deficits are due in the short term to the recession, but in the long term because the money that used to fund our services has been redirected into the pockets of the rich. (Example from my state: the top 1%’s share in California from Congress and Obama’s extension of the Bush tax cuts is $9 billion per year, or one-third of the state’s budget deficit over the next 18 months.)

    When Walker and the other conservatives say “we’re broke,” they’re lying. “We” have plenty of money in this country. It’s just in the wrong pockets.

    No to austerity! Don’t blame workers! TAX THE RICH


    Dollars and Sense
    NUMBER 293 | MARCH/APRIL 2011
     
  2. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    The Reagan Bush tax cuts for the rich transferred trillions of dollars from the middle class to the rich...

    [​IMG]
     
    • Thank You! Thank You! x 1
  3. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    2 simple words

    FUCK

    YOU
     
    • Thank You! Thank You! x 1
  4. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    THAT would be the two *I* would choose.
     
  5. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    It's always strange to see rank and file Republicans voting against their own best interests.

    The Reagan Bush tax cuts for the rich have so defunded the government that your benefits will be cut.
     
  6. Rozman
    Offline

    Rozman Gold Member Supporting Member

    Joined:
    Sep 18, 2009
    Messages:
    16,571
    Thanks Received:
    3,060
    Trophy Points:
    290
    Location:
    Brooklyn,NY
    Ratings:
    +6,687
  7. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
  8. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    Ah yes, the debt.

    The only issue the right has left.

    For the 10,000 and 1 time....

    When you are in a deflationary spiral, the government HAS to be the demand of last resort.

    That is why even the right wing Republican Chamber of Commerce supported the stimulus.

    Without the super committee, the spending cuts start automatically in January of 2013.

    When the Bush tax cuts expire in December of 2012, Obama won't allow them to be renewed.

    Spending cuts + a return to the old tax rates = deficit reduction.

    Congress has been taken out of the equation. No treasonous Tea Party/Republicans to mess things up.

    An absolutely brilliant move by Obama.
     
  9. Lovebears65
    Offline

    Lovebears65 Gold Member

    Joined:
    Apr 17, 2011
    Messages:
    6,258
    Thanks Received:
    1,468
    Trophy Points:
    255
    Location:
    Georgia
    Ratings:
    +2,034
    The left answer to every economic problem TAX THE RICH.. How about cutting back on entitlements , or cutting the pay for the over paid people in Congress and the house or the entitlements they receive after they get out of office even if they only serve a few years. Even in the military you have to give 20 years of your life!! And taxing the rich will not make the CEOs of the companies pay their employees more. It will more likely cause them to lay off since they have to pay more expenses. The federal employees need to be cut back in general.
     
  10. merrill
    Offline

    merrill VIP Member

    Joined:
    Dec 27, 2011
    Messages:
    1,263
    Thanks Received:
    92
    Trophy Points:
    83
    Ratings:
    +92
    How about cutting back on entitlements?


    This is what I mean:

    1, BAILOUT ENTITLEMENT - The Reagan/ Bush Savings and Loan Heist( millions out of work)
    Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this was about one quarter of our national debt").

    The Reagan/Bush savings and loan heist was considered the largest theft in history at the time. George Herbert Walker Bush then took $1.4 trillion of taxpayers money to cover the theft.
    The Bush family and the S&L (Savings and Loan) Scandal

    2. BAILOUT ENTITLEMENT - The Bush/Cheney Wall Street Bank Fraud on Consumers(million out of work)
    Yes, substantial fraud was involved. For example, mortgage companies and banks used deceit to get people to take on mortgages when there was no possibility that the borrowers would be able to meet the payments. Not only was this fraud, but this fraud depended on government authorities ignoring their regulatory responsibilities."
    What is the difference between a Ponzi scheme and a housing bubble? | Dollars & Sense

    3.CRIMINAL BAILOUT ENTITLEMENT - Only 3 major Financial Institutions were at risk in spite of what we’re told ?
    "There were just a handful of institutions that were terribly weakened. AIG the insurer, Bank of America and Citigroup, \Those three were clearly in very weakened form. Many of the other big banks simply were not.
    "Good Billions After Bad" - One Year After Wall Street Bailout, Pulitzer Winners Barlett and Steele Investigate Where All the Money Went

    4. WALL STREET ENTITLEMENT - Privatizing Social Security Would Place the Nations Economy at Risk
    "Social Security privatization will raise the size of the government's deficit to nearly $700 billion per year for the next 20 years, almost tripling the size of the national debt.

    Put simply, moving to a system of private accounts would not only put retirement income at risk--it would likely put the entire economy at risk."
    Social Security Q&A | Dollars & Sense

    5. RECKLESS ENTITLEMENT - Still A Bad Idea – Bush Tax Cuts - (DO NOT create Jobs)
    The ENTITLEMENT program for the wealthy at the expense of the middle class = tax increases for the middleclass.
    Still a Bad Idea | Dollars & Sense

    6. CRIMINAL ENTITLEMENT Reagan/Bush Iran-Contra Illegal Sale of Weapons

    7. CRIMINAL ENTITLEMENT The Nixon Watergate - Illegal wire tap of democratic headquarters
     
    • Thank You! Thank You! x 1

Share This Page