Monday, July 25, 2011

Oh wow; what a headline:

Plutocracy: If Corporations and the Rich Paid 1960s-Level Taxes, the Debt Would Vanish

Check out this bit:

This “debt crisis” in no way had to happen. No natural disaster, no tsunami, has suddenly pounded the United States out of fiscal balance. We have simply suffered a colossal political failure. Our powers that be, by feeding the rich and their corporations one massive tax break after another, have thrown a monstrous monkey wrench into our national finances.
So why aren't we taxing the rich? Why are we now suffering such fearsome “debt crisis” angst? Why are our politicos so intent on shoving the “fiscal discipline” of layoffs and cutbacks — austerity — down the throats of average Americans?

No mystery here. Our political system is failing to tax the rich because the rich have fortunes large enough to buy off the political system.

The whole picture is very discouraging because the voting population in this country cannot be counted on to educate themselves.


  1. Anonymous2:38 PM

    as someone who has recently been laid off and is without health insurance, I can now join the throngs of people who truly know what it feels like to be screwed by the rich.
    annie c

  2. Oh, Annie, no! I'm so sorry.

    Please email me privately and tell me about it.


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