All those idiots who thought everything was free....now gonna see somebody always gotta pay for the free stuff.
President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion COVID-19 stimulus act, the...
www.newsmax.com
The working class have been paying for the tax give aways to the rich for 40 years. Currently to the tune of $20 Trillion.
The same people who have been paying for the freebies in subsidies to fossil fuel, petro chemical, pharmaceutical, defense contractor, and insurance companies.
The same people that have been paying to bail out the banks, air lines, and Donald Trumps bankruptcies.
You're right. You're getting to see what' it's like to have to give up on those freebies.
That money belongs to the people. The people that actually work for a living in this country, which is the only reason those worthless ***** exist, and we want our money back.
And we're going to get it.
Amen.
A little thought experiment is called for here.
Much like Trumps tweets, people have become inured to the amount of debt we're in but they understand the seriousness such a debt causes in trying to enact and pay for policies, infrastructure, schools etc,
A responsible government, like we had before Reagan and voodoo economics pays for its programs. We fought a war and went to the moon and still maintained a vastly larger middle class than we have today and a balanced budget. Plus wages kept up with inflation.
Now suppose back 1980 when Reagan was first elected people learned that by 2021 we'd be 28 Trillion dollars in debt because of subsequent republican administrations and congresses and that our schools and infrastructure were all deteriorating to such an extent as to be compared to third world nations..... that Reagan or voodoo trickle down economics would've survived the first election?
Don't get me wrong, democrats are just as guilty but we're pass the point of finger pointing, that does nobody any good. Regardless your politics, we're all in the same boat and we'll all pay the price if our economy collapses.
Responsible government pays for their programs by taxes and we've been wholly neglectful in applying those taxes to those individuals, Wall St. and corporations that'd been getting a free ride, what with democrats throwing up their hands every time republicans frowned in their direction and republicans giving tax breaks to people who don't need them and corporations threatening to move their factories overseas. Trickle down economics doesn't work if the very wealthy and big business aren't sharing the largess they're making from these tax cuts and economic growth.
Now is the time to raise taxes on these entities, top 1%, corporations and Wall St., no more tax deferments for them, and spend baby spend. We need to pay down the debt, rebuild our infrastructure AND raise the damn minimum wage to A LIVING WAGE lifting the poor out of poverty and expanding our middle class. The middle class, NOT big business... is our economic engine.
If we're to save capitalism, then capitalism has to be fair and responsible.This isn't going to happen overnight. It took forty years to get in this debt, it'll be that long to get out. The days of Darwinian capitalism are over and good riddance.
Tax and Spend is exactly what's called and the tonic needed to right our capitalist economy and infrastructure.
