The Republicans in the US Congress, no doubt lead by Tea Party newbies, have proposed cutting ten percent from the WIC (Women Infants and Children) program to provide sustenance to needy in our country. Now, I’ll have to be honest and say – on the other hand, they don’t propose raising taxes on those earning more than $250,000.00 a year. So we can deduce just whom these folks support.
Doesn’t this make you proud?
Dollars, rubles, rupees, Euros all extol wealth and power. How the wealth is distributed says a lot about how power and influence are distributed. Let’s look at our American economy and think about it a bit.
Fri Mar 25, 11:24 am ET
G.E. paid no taxes on $5.1 billion in profits
As Washington worries about the United States' growing deficit problem, there's mounting evidence the government is failing to collect taxes from wealthy individuals and corporations. A piece in today's New York Times by David Kocieniewski outlines how G.E. skirted paying any taxes on $5.1 billion in profits in 2010--in addition to claiming a $3.2 billion tax credit.The main reason G.E. is so adept at avoiding paying taxes, Kocieniewski writes, is because it's compiled an all-star team of in-house tax professionals plucked from the Internal Revenue Service, the Treasury Department, and "virtually all the tax-writing committees in Congress."
Aren’t you happy to pay your fair share!!!!
Check out the data above, and read – and consider – the commentary below. .
William Browning William Browning – Wed Mar 16, 7:43 pm ET
COMMENTARY | Solving our national debt problem might be more of an income dilemma and less about a debt problem. A recent chart compiled from IRS and Tax Foundation data suggests the rich have been paying fewer taxes as compared to the middle class for over 20 years.Stephen Von Worley's chart adjusts for 2011 inflation and includes income tax statistics from the 1920s through the present day. Darker shaded areas of the chart bespeak a time when the relative tax burden reached historic levels--blue is a low level, red is a high level.
No one class of citizen has an overly high burden of paying income taxes in 2011. But overall, Americans making $1 million or more are shouldering less of a tax burden than before. When the government has been deficit spending at record levels, it's time to increase taxes.
When World War II was going on, millions of citizens were convinced paying taxes was patriotic in order to defeat Hitler and Japan. Now, paying down the debt is anything but patriotic. Groups such as the Tea Party "patriots" are saying keeping even more of our money is in line with American ideals.
Another chart compiled by the University of California at Santa Cruz is equally as disturbing for the middle and lower classes. The top one percent of households in the United States owned nearly 35 percent of the wealth in the United States. The next 19 percent (managerial and professional types) own only 50 percent of the wealth in America. The bottom 80 percent (i.e. hourly wage earners and impoverished) have access to just 15 percent of available money in 2007.
Combining the two sets of date reveals a stark contrast. The rich are still getting richer while the poor keep getting poorer. Republicans don't seem to understand or don't seem to care what the statistics are saying.
The George W. Bush-era tax cuts for the wealthy didn't make sense at all. The new chart shows those making between $10,000 and $200,000 have more of the tax burden even though they don't own a vast majority of wealth.
Republicans demanded to keep the tax cuts for the wealthiest Americans despite President Obama's objections. The GOP was wrong, plain and simple. Paying income taxes if you're wealthy isn't punishing anyone for being rich. Paying taxes if you're rich isn't socialism. It is simply a way of life in America.
Republicans only seem to care about the wealthiest Americans who only reward themselves for hard work. Democrats want to help the poor get off their feet with a combination of more money for education, health care and welfare programs.
When Ben Franklin wrote to a friend in France, he explained "there are only two certainties in America--death and taxes." In today's world the exception is for the rich as far as paying income taxes.
Aren’t you happy the rich get to keep so much, pay lower taxes? Maybe you feel they need more disposable income. I suspect if you feel that way you’re probably not in the Middle Class.
FOREIGN AFFAIRS
Have you noticed that a wave of democratic revolutions have been sweeping through the Arab world? I am personally in favor of the people having democratic institutions and governments, as it may help to reduce warfare and make for a better world. It happened in Tunisia, Egypt, and it is now looking like it will be successful in Libya. Let your elected leaders know whether you support democracy, or support tyrants.
Mr. President,
My comments revolve around Libya. I wish to express my thanks for your support of the Libyan people and the cause of democratic reform currently sweeping the Arab world. While many can question the cost, it is critical for America to take and retain the high moral ground.
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