"The greatest transfer of wealth in history from the 99%'ers to the 1%'ers has occurred over the last 25 years with a check written by the 99%ers every month"
They call it Raygunomics. Some also call it "Trickle down".
"You probably do it every month"
You prolly have me mixed up with somebody else. I only use credit cards because the gas pump doesn't take $20 bills.
"You see, the truth hurts.. Doesn't it? "
Depends on the truth. The truth that the corps and the rich have been getting a cheap ride on the backs of the rest of us since Raygun trickled down on our heads doesn't hurt; it pisses me off. The truth that Obama is a Raygun R also pisses me off, now (denial-grief-disgust-righteously pissed off). His campaign quit bugging me after about the third time I told them that he was an R, and that I don't give to R's.
"Did your tax rate go down last year?"
Not that I noticed. I don't expect it will go down after the deficit hits zero, either, but maybe everybody will have forgotten that debt is the worst problem ever, and we go thru another round of "Bush cuts taxes, explodes deficit", with a president of one party or the other.
"Since you now don't have to pick up the tab for them?"
Not that I've noticed. I did notice that the $400K +, (not the $250K +) are getting us more balanced, but Raygun raised taxes on his old boss, GE, and now they've gotten back to zero. They still depend on the US to protect their property , patents, and workers from Commie Ayrabs, Chinese cheaters, and Ebolawalkers, but they they want it done at no cost to them.
In the mid-1980s, President Ronald Reagan overhauled the tax system after learning that G.E. — a company for which he had once worked as a commercial pitchman — was among dozens of corporations that had used accounting gamesmanship to avoid paying any taxes. The good thing about them is that they dion't pay low wages, with the expectation that taxpayers will provide for the necessities with food stamps and medicaid.
"I didn’t realize things had gotten that far out of line," Mr. Reagan told the Treasury secretary, Donald T. Regan, according to Mr. Regan’s 1988 memoir. The president supported a change that closed loopholes and required G.E. to pay a far higher effective rate, up to 32.5 percent.
slate.com |
