post on reddit: why aren't deficit hawks talking about taxing rich?

[yurbud]

Thom Hartmann and some others on the left think they can find common ground with Tea Baggers on some issues. If they were a truly independent movement, this should surely be one way to do it.

However, I doubt any appeal that isn't on the GOP script is going to sink in since it won't be repeated ad nauseum on Fox News.

Think about it: Bush started off with tax cuts for the rich, appointed lax regulators to oversee Wall Street, gave no bid contracts for the wars, and ended with bailouts for Wall Street that cost more than the wars. Regrettably, Obama has continued many of these policies. Wouldn't it make more sense to stop treating the wealthy with kid gloves and raise their taxes, especially on the kind of trading that led to our recession instead of cutting down school weeks and closing libraries?

http://www.reddit.com/r/politics/comments/bqbh1/if_conservatives_are_finally_worried_about/

[BurtWorm]

1. Because they're scared shitless of the rich and powerful.

They want us to believe it's because they don't want to disincentivize wealth, but the truth is, they're fucking cowards.

[yurbud]

9. or bought

[NoSheep]

11. They have delusions they are "one of them".

[Better Today]

2. I keep wondering that myself. The accepted standard seems to be

budget deficit means services reductions, never do you hear that it means increased taxes (except property taxes which we don't actually hear about we just get them) or even a combination of the two... just cut spending.

[yurbud]

3. It would nice if Dems had the brains to combine it with a GOP talking point

like a ''flat tax'' on investment income or ''freedom isn't free, pay your taxes.''

[yurbud]

4. It would nice if Dems had the brains to combine it with a GOP talking point

like a ''flat tax'' on investment income or ''freedom isn't free, pay your taxes.''

[Cresent City Kid]

7. That sums it up

There is this notion that the budget is bloated with aid to the poor and foreign countries.

[yurbud]

8. it's part of the ''starve the beast'' strategy. Cut taxes for the riches then pretend those

cuts never happened and we somehow just started spending like crazy.

[Triana]

13. you never hear them mention cutting DEFENSE (war) spending

only public schools, medicare, social security - what they call "entitlements".

Yet, the biggest part of our budget is defense (war) spending.

How about making Exxon-Mobil pay some damn taxes - and other corprats like them? They paid zero for 2009. How about taxing churches, since they like to meddle in politics. That would be one way to get more money into the budget - or to keep their noses out of politics, one or the other.

ANY of these things make more sense than taking it out of the poor and the elderly and the children who need educations. That's the problem I guess. They make sense. Pfft. :crazy:

[clarence swinney]

do not vomit from this

No Reagan and Bush Tax cuts
Treasury would have received 26,000B more Revenue since 1985

Today-14,000B Surplus not 12,000 Debt.

Total Financial Wealth Distribution
1945-1% owned 30%
1980-20%
1989-36% (Reagan gift of 80% increase--60% Tax Cut for Top)

2008-WEALTH OWNERSHIP
43%--1.5 million workers
70%-15 million
93%-30 Million

7%-120 million--rape of middle class 1980-2008

1980--10 Billionaires
1989-51
2008-403

UNDENIABLE RAPE OF MIDDLE CLASS FACTS HURT
clarence swinney

[yurbud]

6. good find. Do you have sources for the numbers?

[clarence swinney]

5. do not vomit from this

No Reagan and Bush Tax cuts
Treasury would have received 26,000B more Revenue since 1985

Today-14,000B Surplus not 12,000 Debt.

Total Financial Wealth Distribution
1945-1% owned 30%
1980-20%
1989-36% (Reagan gift of 80% increase--60% Tax Cut for Top)

2008-WEALTH OWNERSHIP
43%--1.5 million workers
70%-15 million
93%-30 Million

7%-120 million--rape of middle class 1980-2008

1980--10 Billionaires
1989-51
2008-403

UNDENIABLE RAPE OF MIDDLE CLASS FACTS HURT
clarence swinney

[snot]

12. I've been wondering about that, thanks. But again, source(s)?

[amborin]

10. when do the bush tax cuts expire? didn't Obama promise to rescind them?