So America's a banana republic now, with 1 in 7 Americans living in poverty and the top 1% ultra-wealthiest taking home 24% of all money, which is only 2 and a half times as much as they got in the 1970s.
But who cares? At least we're not SOCIALIST! Anyway, here's your choice America: slash taxes for the Super-Rich by $61,000 a year, or by a more realistic $370,000 a year.
"The richest 0.1 percent of taxpayers would get a tax cut of $61,000 from President Obama. They would get $370,000 from Republicans, according to the nonpartisan Tax Policy Center. And that provides only a modest economic stimulus, because the rich are less likely to spend their tax savings."
How much of a pile will the billionaires get? This is an important issue, because Wall Street just handed out the most bonuses ever of all time, so the poor workers there need to find out SOON how many new yachts they can buy, only one, like some chump, or 5, which all the cool people will be doing.
So it's no surprise that poor people who can't pay their own bills and are losing money quickly are so willing to fight for a bigger tax cut for the ultra-wealthy. Because taxes are bad and socialist and once I win the lottery, that will be MY rightful tax cut, and I don't want to be stuck with only a mere $61,000 more than I would have now, because taxes are theft.
"C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent."
But that math is all boring so who cares? Taxes = bad so cut taxes for everyone. It's just a coincidence that the economy was humming and we had a federal surplus until the taxes for the wealthiest were cut. So what if taxes are already lower than they were under Reagan, much lower than they were under Nixon and incredibly amazingly lower than they were under Eisenhower. All those guys were socialist tax and spenders anyway.
We will get the government and tax structure that we deserve. Unfortunately for 99.9% of Americans.
Another article from the lying lamestream liberal NY Times asks Who Will Stand Up to the Super Rich? We all know the answer: Nobody.
"“How can hedge-fund managers who are pulling down billions sometimes pay a lower tax rate than do their secretaries?” ask the political scientists Jacob S. Hacker (of Yale) and Paul Pierson (University of California, Berkeley) in their deservedly lauded new book, “Winner-Take-All Politics.” If you want to cry real tears about the American dream — as opposed to the self-canonizing tears of John Boehner — read this book and weep. The authors’ answer to that question and others amounts to a devastating indictment of both parties."
