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You completely missed the point. The bulk of Americans (lower and middle class) MUST spend money and consume products in order for the economy to function. Two classes didn't work in the Soviet Union and it's not going to work for the US either.
A big problem is the tax code. Many of the largest corporations in the US pay ZERO taxes to the US (they still pay taxes to other countries). Many of the richest people pay a lesser percentage of taxes than middle-class. They pay off back door deals to manipulate the tax code instead.
A big problem is the tax code. Many of the largest corporations in the US pay ZERO taxes to the US (they still pay taxes to other countries). Many of the richest people pay a lesser percentage of taxes than middle-class. They pay off back door deals to manipulate the tax code instead.
Liberals would have the poor get poorer right along with the rich as long as the "gap" lessened.
All one has to do is look to their policies of driving manufacturing and service jobs overseas via taxation and regulation to know this is true. Were the far left Progressives interested in raising the poorest in society they would not institutionalize programs for generational welfare, the destruction of the family, and position their policies so that success is punished while failure rewarded.
Put that tired meme away. The fat cats at the top pay LITTLE in taxes. There's a thousand and a half loopholes in the regulations and tax laws that were put in place so giant corporations can weave their way to tax free status.
Love living in a America, enjoying the freedoms, the infrastructure, benefits, and other things that make our country great, but don't want to actually pay for them? Nice, set up a little tax shelter in Cayman Islands or some other tropical sun-kissed Caribbean nation and let that tax free gravy train roll baby!
Then, buy off a few politicians, get them to fleece the public for a billion here, a billion there so that not only are you not paying taxes, you're PROFITING from them.
Tired of American workers and their socialist paid medical leave, weekends, 40 hour work weeks, overtime regulations, child labor laws, health and safety standard at the work place and all of those tired Marxist policies? Simply close up shop and make your widgets in a land 5000 miles away in some godforsaken jungle hellhole. There you can hire a 10 year old to work three times as much for 1/10 the pay. You don't have to pay overtime, you can work them until they die and then just hire their younger brother and pay them less!
Pay off a few politicians to never seriously look into the matter, sponsor some charity event stateside, advertise your "low prices" and presto you've fooled the American public. You can laugh while you count your tax free dollars. God bless America!
Put that tired meme away. The fat cats at the top pay LITTLE in taxes. There's a thousand and a half loopholes in the regulations and tax laws that were put in place so giant corporations can weave their way to tax free status.
Love living in a America, enjoying the freedoms, the infrastructure, benefits, and other things that make our country great, but don't want to actually pay for them? Nice, set up a little tax shelter in Cayman Islands or some other tropical sun-kissed Caribbean nation and let that tax free gravy train roll baby!
Then, buy off a few politicians, get them to fleece the public for a billion here, a billion there so that not only are you not paying taxes, you're PROFITING from them.
Tired of American workers and their socialist paid medical leave, weekends, 40 hour work weeks, overtime regulations, child labor laws, health and safety standard at the work place and all of those tired Marxist policies? Simply close up shop and make your widgets in a land 5000 miles away in some godforsaken jungle hellhole. There you can hire a 10 year old to work three times as much for 1/10 the pay. You don't have to pay overtime, you can work them until they die and then just hire their younger brother and pay them less!
Pay off a few politicians to never seriously look into the matter, sponsor some charity event stateside, advertise your "low prices" and presto you've fooled the American public. You can laugh while you count your tax free dollars. God bless America!
A big problem is the tax code. Many of the largest corporations in the US pay ZERO taxes to the US (they still pay taxes to other countries). Many of the richest people pay a lesser percentage of taxes than middle-class. They pay off back door deals to manipulate the tax code instead.
Exactly, despite their Atlas Shrugged rhetoric the big boys in the ivory towers LOVE the US tax code. They set up a thousand regulations and taxes, but make sure they set up 1,001 loopholes that only they have the legal and financial prowess to navigate through. That way they crush competition under a mountain of red tape and fees, but they wiggle through the tax code like Barry Sanders on a football field. Then, then, they can cry about the "unfairness" of our "crushing tax and regulation system," and grab the mantra of patriotism and free markets.
Republicans eat it up, and Democrats either have such a high stack of corporate dollars that they can't see what's going on, or their too busy counting their corporate dollars to care. Thus the American public buys the lie hook, line, and sinker. Any regulation, even modest proposals is "SOCALIST MARXIST COMMUNISTIC SOVIET RUSSIAN CUBAN CHINESE UN-AMERICAN FILTH!"
Thus, the rich keep getting fabulously wealthy, the poor get poorer, and the middle class take what George Carlin refereed to as the "red white and blue (male reproductive organ)" up the rear end.
I'm confused by the wording of your question, do you want to know how I would change the tax code? If so, a starter is closing all loop holes to the tax code that unfairly game the system towards those at the top. No more Cayman Island PO boxes that exempt you from taxes.
What's imperative is that we start the process of detangling corporate and government power. They are so entangled that it's hard to distinguish the two at times. It creates an atmosphere where politicians on both sides of the isle get in bed with their favorite big money donors and rig the game so everybody in power wins, and everyone else loses.
I strongly believe that we waste so much money on large, complex tax system that favors the big boys that if we were to close the loop holes and simplify it we could actually lower taxes for the vast majority of people and still fund social programs. Of course that would have to be coupled with spending cuts, specifically in the military/defense budget where we **** away hundreds upon hundreds of billions of dollars every year.
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,389,283 times
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Quote:
Originally Posted by kevinm
"Barack Obama and Ben Bernanke keep touting an "economic recovery", but the truth is that the only ones that seem to be benefiting from this recovery are those at the very top of the economic food chain."
I don't. Unless the rich use policy that makes them even richer or prevents them from having to cut back like everybody else has to. I don't unless they implement policy that makes them richer but hurts everybody else .
It has been pointed out before that companies owe alligence to the share holders so if a share holder and top managment made a million more by policy that declined the middle class what does that say about the country's future? "I got my golden egg, it isn't my problem that I got it by making your wages decrease". Someone who is already a multi millionaire won't be hurt by increased charges on food, fuel and health care while a middle class person who once made $20 a hour but now must accept $10 that will put a huge burden on living. And that once middle class person who has to accept half so the top can be even richer, it will come back to bite later.
If a medical operation costs 30k for a average person, if they were to charge a multi millionaire 3 million for the same operation or triple the price of food for a milllionaire then maybe the rich would feel the effect of a bad economy like everybody else and then maybe they ccould relate. But it doesn't work that way.
"The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam.In fact, it recorded a tax benefit of $1.1 billion."
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Put that tired meme away. The fat cats at the top pay LITTLE in taxes. There's a thousand and a half loopholes in the regulations and tax laws that were put in place so giant corporations can weave their way to tax free status. 
