The truth is, many in the MIDDLE CLASS are getting the steepest tax cuts of all - BY FAR!

[Mister Ed]

Once you've lost your income, you pay no income tax!

Once you've lost your home, you pay no property taxes!

When you can no longer afford to buy anything, you pay no sales tax!


Sure, it's unfortunate that deficits swell as these former taxpayers lose their ability to contribute. But everyone knows that nothing is more important than...

TAX CUTS!!
:bounce::party::toast::woohoo:

[notadmblnd]

1. I really wish more people could see it like that.

[lonestarnot]

2. Riches better take cover from those freed people.

:evilgrin:

[RegieRocker]

3. This is why I have been in favor of

a nationals sales tax on everything bought including homes. No income tax. This would encourage people to save and not spend. Corporations should have to pay a separate tax along with the sales tax. Pure and simple. This way everyone pays the same rate and the rich would pay their fare share finally.

[Jackpine Radical]

5. That is an incredibly regressive tax proposal.

If you're living paycheck to paycheck and barely covering necessities, the tax applies to every dime you make. If you're bringing in a billion a year and spend a million a year on a lavish lifestyle, you pay the tax on one one-thousandth of your income.

Still sound fair?

[RegieRocker]

6. Then make buying a home, car

food and utilities exempt. Now what do you think?

[Jackpine Radical]

17. Still dumb.

For one thing, the economy depends on people spending money on things. I simply can't see allowing the rich to squirrel away untaxed money that they can then translate into power, e.g. by pouring those funds into buying media and politicians.

[RegieRocker]

22. What is dumb is the ecconomy you embrace and a ecconomy

that promotes people spending all their money to keep it going. A economy that does not promote saving. End of story. Oh and one more thing, your statement "squirrel away untaxed money that they can then translate into power, e.g. by pouring those funds into buying media and politicians." you honestly don't think they have been doing that with the current system? How do you think they bought the ones they have now? Whew.

[MattSh]

24. Yet, this is what every EU country does.

And while some of them are in the pits, many others are doing a lot better than the USA.

[hfojvt]

25. dude, you would lower taxes for the rich, raise them for the poor

and then declare that the rich are finally paying their fair share? Here's some of the math http://journals.democraticunderground.com/hfojvt/55

[dkf]

4. That is also why attacking tax cuts for the rich didn't win us the election.

People don't connect those tax cuts as creating unemployment...it is a side argument.

[fasttense]

8. Tax give aways to the uber rich create jobs.

Eight plus years of tax give aways to the fabulously wealthy have shown they do create jobs. They create jobs in India, China, Mexico and Thailand. They even create jobs at Swiss banks and the Cayman Islands. They just don't create any jobs in the US.

[RegieRocker]

9. Bullseye, spot on, no reputable dispute!

[dkf]

10. Or maybe they have no connection at all.

[myrna minx]

7. K&R n/t

[ladjf]

11. We have more money and people than the to 2%. How is it that

they are in charge? What would it take to reverse that situation?

[shireen]

13. an educated electorate

Unfortunate, too many of them seem hell-bent in voting against their own interests.

[ladjf]

15. Yes. Thomas Jefferson discussed this a great deal.

I did some research in 19 Century American History. I was amazed to see how the lower income people in the South were so eager to fight and die for what was essentially the wealth of the Southern aristocratic rich.

It seems that the plantation owners were able to rally all Southerners around the "Southern Way of Life" crap just as the current Republicans are selling family values, our way of life, etc.

People get so involved in those wedge issues that they are blind to the fundamental quality of life
issues that are in decline.

[shireen]

12. this entire debacle

is also a very sad statement about Congress and an ignorant electorate. I think some in Congress tried their best but corporate influences have been too powerful to effect the change we need to restore this country.

I hope Bernie changed some minds yesterday. The man is a force of nature, the kind of leader we all need. I'll be looking to him to get us through the next two years.

[rucky]

14. Sweet!

[bvar22]

16. Nothing is more important than TAX CUTS that we don't have to PAY for!!!!

The money to finance the "Tax Cuts" is being borrowed.
Our Children will be forced to Pay for these Tax Cuts plus INTEREST.
AND, the Obama Tax Cuts shifts the "Pay Back Burden" FROM the RICH to the children of the Working Class!!!

There is NO such thing as "Tax Cuts" when we are running a deficit.
Every single cent WILL have to be paid back PLUS interest.
These "Tax Cuts" are merely a way of re-financing the debt and shifting the burden to the Working Class.

[Mister Ed]

20. Aye, "merely a way of re-financing the debt and shifting the burden to the Working Class".

Stone
cold
truth.

Should be its own OP.

[lunatica]

18. Aah! The marvels of the simple life when

all you have to worry about is where you sleep at night and where you get your next meal. What can be simpler than that? It should be the New American Dream.

[Octafish]

19. James K. Galbraith spoke on this very topic...

...to Americans for Democratic Action. Also a must-read.

[AdHocSolver]

21. K and R. Let us not forget the proposed NAFTA-type treaty with Korea that will create jobs.

The only problem with it is that those jobs won't be created in the U.S.

Why would Korea buy anything made in America when they can make those goods in Korea for less money than buying it from the U.S.?

After thinking about it for awhile, I came up with this idea. Our multinational corporations will manufacture the "American" goods in China in their Chinese subsidiaries, but they will be considered "American-made" (by small print in the Korean trade agreement) because the Chinese factories are operated by American corporations.

The American corporations will have an opening into the Korean markets with competitively-priced "American" goods, without having to hire one "over paid" American worker to do it.

[Curmudgeoness]

23. Short and sweet and to the point. Well said. nt