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Posts Tagged ‘millionaires’

When the government increases taxes on the rich, they have less money to purchase politicians, which means government can pretty much follow policies the majority of voters want, such as creating jobs by spurring the demand for goods and services. Minnesota’s next-door-neighbor is Wisconsin. Governor Scott Walker slashed the state’s budget and programs in order to make room for millions of dollars of tax cuts for mostly out-of-state billionaires and millionaires. The result was a decrease in demand for goods and services and nearly last in the nation in job creation.

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Although President Ronald Reagan did some things wrong during his presidency, such as the Iran-Contra Scandal and lowering the top tax rate on the rich, he also did some things right, such as saving Social Security. Many people think of him as being a constant tax cutter for the rich. But that wasn’t always the case. In fact, taxes were raised 11 times during his eight years in office, but always on the middle class. However, his attitude toward taxes carried some degree of fairness as the video and poster below show.

Nowadays, the Republican Party is controlled solely by a faction of the 0.05 percent, as is 80 percent of the Democratic Party. These members of congress and their president in the white house are class warriors for different factions of the 1 percent, all waging war against the 99 percent of US citizens. Once you listen to Reagan below, it kind of makes you think that he might be on our side today, and it is highly unlikely he would be allowed into the Republican Party today.

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Of course, this farm bill is just another prime example of a scam to redistribute income from the 99 to the 1 percent, from the poverty striken, and in particular, from poverty striken children to the rich.

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What happened to Unemployment When the Effective Tax Rate Went Down?

Take a look at the graphs above and below. Do you think there’s a relationship between the two? You better believe there is. The more money the rich have, the more money they have to control both political parties, the more money they have to redistribute income and wealth from the 99 percent to themselves. They do this legislatively. That’s precisely what has happened during the last thirty-two years.

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