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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (50203)	2/8/2009 7:23:56 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 149317

G: 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. V: Part of the problem, IMHO, is that the globe is ever rapidly changing in a fundamentally different way as far as the economic relationship between countries goes. Our standard of living is going to shrink and others is going to rise. This is not a necesarily bad thing is terms of global long term stability between nations. You can have a progressive tax structure when you are the King of nations--when you are just one of several leading lights you can't afford as much. That is not a message a politican can sell and stay in office very long. Nevertheless, if it is the reality, then what we are going to have to do is to accept some limitations on what our government can afford.