The major cuts in top Income tax rates and capital gains taxes transferred the cost of operating the country to working and
middle class tax payers. As these classes did not have enough money for our overseas military adventures and empire building the government borrowed the money from the wealthy, here and abroad, instead of taking it with taxation. The Republicans also discontinued tuition grants to lower and
middleclass students funded by taxing the wealthy and replaced the grants with loans owned by the wealthy. They also stopped paying for the maintenance of the infrastructure and put the burden on States and Towns funded with sales and property taxes disproportionally paid by the working and
middle classes.
These
policies were designed and implemented in order to reduce the aggregate wealth of the lower classes and to insure a larger gap in power, exclusivity and privilege for the uber
class. They have worked very well.
And this is just one example. Trickle down doesn't work bro. As we can see since Reagan the middle class has taken a major hit
Thom Hartmann: Nobles Need Not Pay Taxes
Roll Back the Reagan Tax Cuts
Just because I do very well in this society, doesn't mean that I'm rich. I'm certainly doing better than 90% of you but still I see that Republican policies hurt people like me and people who make less than me. It's obvious their policies benefit the rich more than they do the middle class.
You are probably like me. The way Republicans hurt the middle class doesn't affect you as much as it does a family that makes only $50,000 a year. They are fucked. Now I could pretend to be a greedy ignorant fuck like you and not give a damn and say liberals are lying but I can't get myself to be intellectually dishonest when discussing such things.
How do Republicans benefit you? And not just you. Maybe they do benefit you. How do they benefit the middle class in your state? This aught to be good.
Trickle down doesn't exist, Sealy! Anyone that's EVER run a business understands only too well that profit trickles up...not down!
The fact that you need to ASK what GOP policies do to benefit everyone with the unemployment numbers we've had for the past two plus years and all of the other positive economic numbers tells me that you're ignoring what's actually taken place!
Who gives a fuck if everyone is working if they are aren't making enough? Meanwhile their bosses are richer than ever. What happened? How come since 1970 we have gotten poorer and poorer and the rich have gotten richer and richer? I think you know what happened. The rich waged war on the middle class. We were making too much and that was cutting into corporate profits.
Most people in the U.S. are living in financially precarious circumstances. Half of all Americans
have nothing put away for retirement and the vast majority of them have under $1,000 saved, total.
According to
a 2016 GOBankingRates survey, 35 percent of all adults in the U.S. have only
several hundred dollars in their savings accounts and 34 percent have zero. Only 15 percent have over $10,000 stashed away.
For contrast, here’s how much experts say
you should have saved at every age:
In your 20s: Aim to save 25 percent of your overall gross pay
By age 30: Have the equivalent of your annual salary saved
By age 35: Have twice your annual salary saved.
By age 40: Have three times your annual salary saved.
By age 45: Have four times your annual salary saved.
By age 50: Have five times your annual salary saved.
The middle class you remember when America was great was making a lot of money. The corporations didn't like that. That's why they started hiring illegals and started sending those high paying jobs overseas. And it's why they broke the unions. No coincidence that since union membership in America went from 35% of our workforce down to 9%, wages have gone down too. Why? Because labor has no say now. You are worth what the corporations say you are worth. And usually they don't think you are worth very much. But how much is the CEO worth? Well he's worth more than ever.
CEOs make $15.6 million on average—here’s how much their pay has increased compared to yours over the year
So are you a CEO or an idiot?