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How the Rich Soaked the Rest of Us

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How the Rich Soaked the Rest of Us

Post by Guest on Sun Mar 06, 2011 11:29 am

Instead, a rather vicious cycle has been at work for years. Reduced taxes on the rich leave them with more money to influence politicians and politics. Their influence wins them further tax reductions, which gives them still more money to put to political use. When the loss of tax revenue from the rich worsens already strained government budgets, the rich press politicians to cut public services and government jobs and not even debate a return to the higher taxes the rich used to pay. So it goes – from Washington, to Wisconsin, to New York City.
http://www.commondreams.org/view/2011/03/02-2


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Re: How the Rich Soaked the Rest of Us

Post by Guest on Sun Mar 06, 2011 11:52 am

It looks like all those tax cuts do create jobs, in another country. How does this benefit 98% of the American population?

"Second, the richest Americans take the money they save from taxes and invest big parts of it in China, India and elsewhere. That often produces more jobs over there, fewer jobs here, and more imports of goods produced abroad."

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Re: How the Rich Soaked the Rest of Us

Post by tristen303 on Sun Mar 06, 2011 2:47 pm

Thank the Unions for pricing the American factories and labor force out of the world economy. I just don't understand how most don't see this; it is so simple if you leave the left spin behind. If you have a country whose manufacturing wages are 1000% of what the worlds are how long will it take before the products those compaies make get overwhelmed by the cheap labor? Right wrong or just these are the facts of life. This whole redistribution of wealth concept is the stake in the heart of the left it doesn't jive with logic, fariness or how labor works in a global economy. If the Unions were smart they would have made the labor movement a world movemnt less be priced out of the market (which they did this is all their fault). What are Americans companies suppose to do? Sell to consumers that want cheaper to support American labor? Thats stupid undermines consumers choice. Until labor wakes up they'll be under cut every step of the way; they changed the enviroment and smart American companies adjusted and whole nations took advantage of the opening. Thats why the Dem's won't challenge outsourcing they know if they seriously did there would be no American based factories or labor force. Government should live within their means not try to employ and support anything and everything because they can always go back to the rich for more money thats what killed Rome right along with Imperialism. Don't hate the players hate the guys that designed the rules of the game.

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Re: How the Rich Soaked the Rest of Us

Post by Guest on Sun Mar 06, 2011 3:02 pm

It's not so much the rich that have been soaking our country but rather "the rich and power elite" who control Washington. Our government has never been controlled by the "American People", despite how much the phrase "American People" has been used and abused from everyone from the Office of the U.S. President down to the steps of Congress.

Truth is, that it has always been the affluently rich, big business and the power elite who have controlled our government. Anyone who ever thinks that Congress is part of the controlling mechanism of our government is completely wrong. Congress marches to the beat of big business, the rich and the secret societies who fund these politicians into watching out for their business interests.

The "American People" have always been nothing more than the "drudge" or "mud" of our country and little more than a stepping stone from those who control the wealth of our country. Why do you think that we have such a high percentage of low income or poor? Whenever our country, our society has produced more than a certain number of middle class or financially stable citizens, these "interests" always move to ensure that our the people of our country are knocked back down so that there is always a support structure and that nobody ever joins their ranks.

Why do you think the Stock Market Crash/Black Monday, The Great Depression, the economic crash of the 1980's and the more recent crash of Wall Street in 2007, resulting from the mortgage crisis, ended up knocking down anyone and everyone who had their life savings tied up in investment portfolios?

These economic disasters have all been orchestrated by those who control the real power of our government. Take a hint, it's not the White House and it's definitely not Congress.

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Re: How the Rich Soaked the Rest of Us

Post by tristen303 on Sun Mar 06, 2011 3:25 pm

AGREED

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Re: How the Rich Soaked the Rest of Us

Post by Guest on Sun Mar 06, 2011 4:34 pm

Thanks, Tristen. Unfortunately, what I posted is the truth.

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Re: How the Rich Soaked the Rest of Us

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