-Alice Walker
If we let the Bush tax cuts expire… the tax cuts for the top 2% of the wealthiest Americans (the wealthiest population in the history of wealthy populations), we would be out of debt in just over 5 years. We, the US, the country with the biggest debt any nation has ever had, the largest economic engine the world has ever known and the home of the greediest muthers the planet has ever seen, could be out of debt and paying for new roads, bridges, hospitals and teachers in five short years if we simply asked our richest 2% to pay the level of taxes that they were paying under Bill “depends on what the meaning of IS is” Clinton.
If we let the Bush tax cuts expire… the tax cuts for the top 2% of the wealthiest Americans (the wealthiest population in the history of wealthy populations), we would be out of debt in just over 5 years. We, the US, the country with the biggest debt any nation has ever had, the largest economic engine the world has ever known and the home of the greediest muthers the planet has ever seen, could be out of debt and paying for new roads, bridges, hospitals and teachers in five short years if we simply asked our richest 2% to pay the level of taxes that they were paying under Bill “depends on what the meaning of IS is” Clinton.
7 comments:
A great post Ricko. Thanks (a French friend with similar problems here)
Anon - Thanks. Seems greed is a worldwide problem.
I honestly think if America joined the EU it might stabilise their monetary policy. The prospect of one monetary system may not seem very attractive but it could be a short-term thing and pay off the huge debt the US has to the Chinese. Not that I know much regarding fiscal policy but if I owed any money Id know whod Id rather have collecting it.
We here in England had great reservations about joining the Common Market back in the early 70s [ our Prime Minister of the time took us in against the countrys wishes, and paid for his arrogance by losing the next election ] and for ten years that was justified, but by the early 80s our greatest Prime Minister Mrs Thatcher had used it to pay off our debts.
These protests are becoming more and more common as people find it the only way to express their frustration; a friend of mine tweeted to me last night that an entire street was sealed off by police to 'kettle' protestors in one place, tho it appears the main protest went off peacefully, thank goodness. Here in England every May Day we have a march/protest every year which is hijacked by troublemakers intent on causing hassle - I hope that dosent catch on here. That 99 per cent sounds worrying...surely politicians must take some notice of the masses. I think if everyone stopped paying taxes for one week theyd soon take notice [not advocating that, you understand, Im a stickler for doing the right thing, and my job indicates a large degree of social compliance] or better still not vote AT ALL in the next elections. Thayd soon make them sit up and take notice!
One way to reduce taxes would be to take up a suggestion we did here in 1986 - put a tax on exported goods coming in and take away any tax on imported goods going out. That alone would help buisnesses with their taxes and keep jobs which any country needs to keep things moving. Also, lower the threshold tax on rich families with children [they dont need benefits so can pay extra tax] and place an inheritance tax on anyone who dies without leaving a will, with the interest on that going back to the state. That ensures a] most people will have a will if they want to leave anything to their loved ones and b]those who dont have their assets divided between the state and paying off the national debt. Many single people pay far more in taxes than those with families [cause families get more in benefits, and single people cost less and get fewer tax breaks] so should get the option of intestate taxes coupled with tax incentives.
I could go on but Ive said too much already[!].
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I might be beyond help.
I approve of what those protestors are doing (and gotta love that sign about the having too many issues to list!) and HOPE that something good finally does come of it.
But the extreme pessimism I have for everything to do with the way government is in Washington and how easy it is to buy a politician tells me nothing will come of this.
But I'd be oh so glad to be proven wrong - lol
Karl - You should run for office.
Greg - I feel the same way.
Thats funny; on another blog the other day a friend suggested I should become a comedian as he finds my jokes so amusing, now you say I should become a politician...
maybe Im in the wrong job!
[thinks for a moment]...no, Im not[!].
Karl - Comedian it is!
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