Well…sitting here waiting for the maint guy to come so I thought I’d comment on the tax plan being put forth by ole Mitt…in an analysis done by the non-partisan Brookings Institute and the Tax Policy Center shows that this reverse Robin Hood plan would shift even more of the tax burden from the rich to the middle class and poor…and, on top of that, would increase the deficit by hundreds of billions of dollars a year…and it would shift the tax burden by 86 billion dollars a year from those making more than 200K a year to those that make less…essentially making the workers pay to subsidize the rich who already pay less of a percentage of their income than they’ve paid in 80 years. As you can see, ole Mitt is not serious in trying to fix the problems of the US, is not serious in trying to fix the infrastructure and schools that we need…he is only interested in stealing more for the rich…if you want your taxes increased, vote for Mitt….geez…
Tag Archives: middle class
Everyone’s doing fine but the workers…
Well…this one just popped into my head about an article that I saw a few days ago that said that the current congress is the richest one in the history of the country with the current crop’s net worth being 10 times the average Americans, and this points to one of the problems that I see with the country right now: that everyone but the workers are doing well. Corporations have the highest highest retained earnings of any time in history and CEO pay is at it’s highest in relation to worker’s pay since statistics have been kept…why doesn’t anyone connect the dots here? We have the rich in congress making laws for the rich bought and paid for by corporations that have done nothing but stagnate the income of the middle class (or, in real dollars have shrunk the income of the middle) and we wonder why no one is spending, we wonder why the economy can’t stop sputtering and start to move again? Until the middle gets a true share of their contribution to the economy and the rich stop taking more and more, we are doomed to just idle, to look at tiny slivers of hope and blow them out of proportion just because we want to believe that the American dream still exists…I’ve got news for you….it’s already gone…geez….
I think they may have won….
Well…have been reading a lot today…yeah, I know, I do that everyday but today it seems that an idea has formed that I wasn’t even thinking about. Weird, huh? Not really, I’ll bet that happens to everyone…we have this long, protracted recession on our hands and one thing that I haven’t heard anything about is the decline of the middle class and it’s effect on the recovery. Since 75% of the economy is consumer spending, when the consumers have been squeezed as they have been by outsourcing of jobs, wage cuts, and rising health care costs, the engine of growth that used to be the middle class can only sputter. It has been an orchestrated attack on labor by the right and business that has led us to these straights; where the average worker makes less today than he did 30 years ago but the top one percent’s share of the economy has grown from 9 percent 30 years ago to almost 25% today. It is clear that it has been the goal of the right to decimate organized labor but I can’t understand why this same labor keeps voting for them because they will “get government out of the way” and allow them to keep more of their money. But more of less wages is always going to be less than what they would have had if the playing field wasn’t so tilted to business. And, the repubs have their thumb on the scale taking more and more from you and me and giving it to the rich.
I’ll end with a question that I now ask of all business but was originally aimed at GM: “Who is going to buy your 40 thousand dollar Suburbans when the middle class is destroyed?” I think we now know the answer….