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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: JohnM who wrote (197880)8/21/2012 10:02:50 AM
From: Wharf Rat  Respond to of 541253
 
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

Warren Buffett

nytimes.com



To: JohnM who wrote (197880)8/21/2012 10:31:40 AM
From: Bread Upon The Water  Read Replies (3) | Respond to of 541253
 
Well, I have to defer to Warren do I not--he should know.

But then is the answer to EXCLUDE any participation by the middle class in the need for higher revenue streams? Notice I said higher revenue streams---not any revenue streams.



To: JohnM who wrote (197880)8/21/2012 12:46:55 PM
From: bentway  Respond to of 541253
 
Ronald Reagan launched the current class war when he basically eliminated the air controllers union by executive order. The (D)'s had set themselves up for a Reagan takeover with Jimmy Carter, who himself was a reaction to Gerald Ford's pardoning of Richard Nixon.

You don't have to be a genius to see that things have been getting harder for America's poor and middle class since Reagan began his tax cutting, that benefited the wealthy more than those who spend every dime they make.
Special treatment of capital gains as compared to "earned" income has only exacerbated the separation. George W. Bush doubled down on Reaganomics.

I'm with Warren Buffet:

"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning." New York Times, November 26, 2006."The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent."Speaking at a $4,600-a-seat political fundraiser in New York, as quoted in "Buffett blasts system that lets him pay less tax than secretary," Times Online, 2007-06-28

I say, EMBRACE the "class warfare". FIGHT to keep from being reduced to serfs, then slaves.