Remember the movie Field of Dreams? “Build it and they will come.” Meaning build a baseball park in a field of corn and people will come from miles around to watch deceased baseball legends play ball. However, just Fantasy and fiction. Just a movie.
Now, here is another myth. Cut taxes for the rich and corporations and jobs will follow. Oh really? Where are they? Why are there still millions out of work?
Congress and the government have cut taxes many times for the well off as well for corporations. So. Where’s the jobs. Why are many Americans still not working?
Both the rich and corporations have been on a tax holiday for about ten years now. But, unemployment is still high. Many without wage or benefit. Many out of their former homes. Some living on the streets. This policy is not a job creator. More like job killers.
Many many GAO studies show what money corporations and wealthy individuals have gained, were not used to create jobs. But money put in the bank or used to pay off personal or corporate debt. Thus proving tax cuts for the rich creates jobs, is a myth. More like a hoax. Fantasy and fiction. Just a political concept to lure in unassuming voters. “Cut taxes and the unemployed will work,” is a bunch of left field hooey and fantasy baseball talk.
It’s now time for Grover Norquist and the Koch Brothers to go play in the field of dreams and let government get back to work. We need less tax holidays and more taxes assessed from the rich. No more free rides. Pay up you rich dreamers!
Showing posts with label Tax pledge. Show all posts
Showing posts with label Tax pledge. Show all posts
Friday, November 25, 2011
Was Ronald Reagan a champion of "One Percent?"
This is an excerpt taken from a Rolling Stone article written by Tim Dickinson
Dickinson wrote: The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich. We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share," he thunders to a crowd in Georgia. Such tax loopholes, he adds, "sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary - and that's crazy. Preacherlike, the president draws the crowd into a call-and-response. Do you think the millionaire ought to pay more in taxes than the bus driver," he demands, "or less? The crowd, sounding every bit like the protesters from Occupy Wall Street, roars back: "MORE! The year was 1985. The president was Ronald Wilson Reagan. ILLUSTRATION BY MATT MAHURIN Today's Republican Party may revere Reagan as the patron saint of low taxation. But the party of Reagan - which understood that higher taxes on the rich are sometimes required to cure ruinous deficits - is dead and gone. Instead, the modern GOP has undergone a radical transformation, reorganizing itself around a grotesque proposition: that the wealthy should grow wealthier still, whatever the consequences for the rest of us. Modern-day Republicans have become, quite simply, the Party of the One Percent - the Party of the Rich. The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility," says David Stockman, who served as budget director under Reagan. They're on an anti-tax jihad - one that benefits the prosperous classes. End of excerpt.
Taken from Dec 3 Stones mag
Dickinson wrote: The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich. We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share," he thunders to a crowd in Georgia. Such tax loopholes, he adds, "sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary - and that's crazy. Preacherlike, the president draws the crowd into a call-and-response. Do you think the millionaire ought to pay more in taxes than the bus driver," he demands, "or less? The crowd, sounding every bit like the protesters from Occupy Wall Street, roars back: "MORE! The year was 1985. The president was Ronald Wilson Reagan. ILLUSTRATION BY MATT MAHURIN Today's Republican Party may revere Reagan as the patron saint of low taxation. But the party of Reagan - which understood that higher taxes on the rich are sometimes required to cure ruinous deficits - is dead and gone. Instead, the modern GOP has undergone a radical transformation, reorganizing itself around a grotesque proposition: that the wealthy should grow wealthier still, whatever the consequences for the rest of us. Modern-day Republicans have become, quite simply, the Party of the One Percent - the Party of the Rich. The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility," says David Stockman, who served as budget director under Reagan. They're on an anti-tax jihad - one that benefits the prosperous classes. End of excerpt.
Taken from Dec 3 Stones mag
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