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Politics : President Barack Obama
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To: Bread Upon The Water who wrote (50190)2/8/2009 3:52:48 PM
From: geode00  Read Replies (1) of 149317
 
I know it is unpopular to think so but I believe we have been headed towards banana republic (corporate feudalism is our version) for a generation. Wages trail inflation, it takes 75% of two incomes to pay for basic family needs versus 50% of one income a generation ago, the rich get richer, 50% of corporations pay no taxes, the contribution of corporations to taxes is at the lowest level ever, etc.

We keep throwing more fertilizer on the same few fields and can't figure out why the rest of the fields have ever decreasing production and why the farm is doing poorly. We need to get back to progressive taxation to at least where it was under Reagan. We need to keep money flowing around the biggest part of the economy instead of just at the top tier where it sits, constipated just like the bailout funds are sitting, constipated in the biggest banks.
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