It's Time To Kill The Absurd Notion Cutting Taxes For The Rich Grows The Economy

Nov 2012
10,697
8,878
nirvana
#1
It's Time to Kill the Absurd Notion That Cutting Taxes on the Rich Grows The Economy



It is standard procedure for large organizations to select one person to represent and speak for their organization, and it is equally true in the political world where one person speaks on behalf of the entire party. For a country, it falls on the government to speak for, and represent, the will of the people as a population, and for over thirty years Republicans have taken it upon themselves to speak for the population they claim demanded that government protect the wealthy and their corporations at the expense of the people.

According to a twisted economic theory promoted during the Reagan administration, the key to a thriving economy was cutting government spending and giving the proceeds to the richest Americans and corporations that failed to deliver jobs or economic growth for the people.

Still, for the past four-and-a-half years Republicans continued to claim they spoke for the people they argued whole-heartedly supported pursuing an anti-government agenda comprised of gutting domestic programs that killed millions of jobs to fund greater tax cuts for the rich and corporations.

Prior to, and throughout, their 5 week vacation this past August, Republicans boasted that when they returned from their hiatus they would ramp up their “fight against Washington for all Americans” and drastically cut domestic spending and oppose taxes on the rich and corporations because as House Speaker John Boehner said, “it’s what the American people want us to do.”

According to a recent poll, what the American people overwhelmingly want Congress to do is increase government spending to create jobs, protect Social Security and Medicare, and expand social programs by requiring corporations and the wealthy to pay higher taxes to “shoulder more of the burden of supporting government.”

The poll’s results reveal a year-long trend among Americans who favor abandoning the Reaganomics of tax cuts for the rich and shrinking government down to a size Republicans can “drown it in a bathtub,” and is a stark departure from what Republicans claim the people demand from Congress.

In fact, the poll revealed that 68% support strengthening the economy with job creation while only 28% support teabagger and Republican policies of cutting corporate and the wealthy’s taxes, slashing domestic spending, and reducing government to cut the nation’s deficit.

The poll also revealed that even teabagger Republicans favor progressive tax and spend policies by 25%, and that nearly 80% of all respondents want corporate tax loopholes closed to fund government spending.

Republicans claim the American people oppose closing corporate loopholes because it is a “tax hike” on corporations that have posted record profits and claimed most of the wealth from the tepid recovery after Republicans crashed the economy in 2008.

Voters also favor maintaining current tax rates on offshore corporate profits and enacting the “Buffet Rule” on income over $1 million by a surprising 70% that Republicans oppose as a brutal imposition on “job creators.” The poll’s results belie a perpetual Republican assertion that the American people believe the richest Americans pay too much income tax and deserve greater tax breaks such as those in the Ryan Budget.

This latest poll reinforces, and is consistent with, several other polls during the past year the belie Republican claims that Americans demand a “cut spending” only economic approach such as an ABC News/Washington Post poll in October showing that nearly 60% of Americans favor a combination of spending cuts and tax increases.

Five different CBS News/New York Times polls this year produced nearly identical results to the latest poll including an Associated Press survey that showed 6 in 10 voters support the “Buffett Rule” of a minimum tax rate of 30% on incomes over $1 million. The Hart poll found that, like Gallup polls going back nearly ten years, an overwhelming two-thirds majority of Americans believe corporations pay too little in taxes that is contrary to what Republicans claim Americans believe.

Republicans are completely out of touch with the American people who are finally coming to their senses after three decades of handing over their tax dollars to the rich and their corporations and funding the taxpayer largesse by cutting government.

Last week going into to bicameral budget negotiations Ayn Rand sycophant Paul Ryan flatly stated that any talk of new revenue from closing corporate and wealthy tax loopholes is “not going anywhere” as he proposed drastic cuts to Medicare and Social Security on top of more cuts to safety nets.

The latest poll reinforces the argument that the public is deeply opposed to the Republican sequester that has cut services and slated to kill an additional 1 million jobs within the next year. If nothing else, the poll’s findings reveal that Americans reject the Republican’s three-decade old contention that job creation and economic prosperity depends on reduced taxes on the rich that has never borne fruit.

Ronald Reagan has been dead for over nine years and it is time to kill his absurd notion that cutting taxes on the rich and corporations would produce a balanced budget, create jobs and economic growth, and engender marvelous prosperity and wealth for working Americans.

What Reagan’s three-decade experiment in tax cuts for the rich and Draconian cuts to government spending have produced is massive federal debt, job losses, cuts to safety nets, and worse-than decreasing wages that put 2012 median wages at their lowest levels since 1998.

All the while the richest Americans pay a significantly smaller share of their incomes than workers earning close to poverty level wages; billionaires pay next-to-nothing to support the government they have profited from in ways most Americans could only dream of.

Republicans claim they speak for the American people, and to a point they may be right, but it is not the great majority of Americans. They speak for the Koch brothers, Wall Street CEOs, the extremely wealthy, and corporations that all demand cuts to Social Security, Medicare, Medicaid, food stamps, infrastructure improvements, healthcare, and education to make room for greater tax cuts for themselves.

Conversely, the American people support expanding and strengthening Social Security by finally eliminating the cap on earnings that will keep the New Deal program solvent forever, and spending on programs that create jobs and prosperity for all Americans as well as assist the most vulnerable citizens.

The people are weary of seeing Republicans take everything they have; their retirement, wages, healthcare, and nutrition assistance for the poor and then have the audacity to claim it is what the people want. Democrats would be wise to pay heed to the preponderance of poll results that decry three decades of Reaganomics and support the tax and spend policies the majority of Americans clearly and overwhelmingly support.
 
Oct 2013
3,750
1,135
earth
#2
You do know Sanders is an admitted socialist right?
"Vermont's Sen. Bernie Sanders is the first person elected to the Senate to identify as a socialist, though he caucuses with the Democrats. "
 
Jul 2007
45,060
6,493
NJ
#3
You do know Sanders is an admitted socialist right?
"Vermont's Sen. Bernie Sanders is the first person elected to the Senate to identify as a socialist, though he caucuses with the Democrats. "
Um no, he is a democratic socialist. There is a difference. And why would you bring him into this? He is not quoted in this article nor did he write it. His picture was in the upper left corner of the page and that is all.

The republican party is in fact way out of touch with the American people and has stubbornly refused to actually pay any attention at all to what the polls show we do want done. Their ideologically driven agenda is meant to secure the blessings of government for the people like them and their corporate whore masters and pimps and not for the average American family.
 
Likes: 1 person
Oct 2013
3,750
1,135
earth
#4
Um no, he is a democratic socialist. There is a difference. And why would you bring him into this? He is not quoted in this article nor did he write it. His picture was in the upper left corner of the page and that is all.

The republican party is in fact way out of touch with the American people and has stubbornly refused to actually pay any attention at all to what the polls show we do want done. Their ideologically driven agenda is meant to secure the blessings of government for the people like them and their corporate whore masters and pimps and not for the average American family.
Didn't open it I see. " Politicus real liberal politics" has his picture and quote right on the top. Go look. A socialist, liberal always leads to a failed sociological and economic community.
Top 10 democratic, socialist minded mayors.
10th- Buffalo, N.Y. (Democrat Mayor )

9th- Cleveland (Democrat Mayor )

8th- Stockton, Calif. (Democrat Mayor)

7th- Baltimore (Democrat Mayor)

6th- Atlanta (Democrat Mayor)

5th- Birmingham, Ala (Democrat Mayor)

4th- Memphis, Tenn (Democrat mayor)

3rd- Oakland, Calif (Democrat Mayor)

2nd- St. Louis. [Source] (Democrat mayor)

1st - Detroit (democrat)
 
Jul 2007
45,060
6,493
NJ
#5
Actually, there is nothing in that article to do with Sanders or democratic socialists. Please address the actual information in the article.
 
Oct 2013
3,750
1,135
earth
#6
Actually, there is nothing in that article to do with Sanders or democratic socialists. Please address the actual information in the article.
I guess that is the whole point. I seldom waste my time reading information that has proven failures on the front. It doesn't take a genius to figure out from a quick glance that is just more liberal, socialist propaganda.
Taking information and advise from failures is never a good idea.
 
Jul 2007
45,060
6,493
NJ
#7
I guess that is the whole point. I seldom waste my time reading information that has proven failures on the front. It doesn't take a genius to figure out from a quick glance that is just more liberal, socialist propaganda.
Taking information and advise from failures is never a good idea.
Then why are you responding to this article here at all? You have in fact not addressed anything it what the original post said. Don't come into a thread and crap in it because you think it is nothing more than liberal tripe. You have the option to ignore it of course, but your posts have nothing at all to do with the OP in the least.
 
Nov 2012
10,697
8,878
nirvana
#8
I guess that is the whole point. I seldom waste my time reading information that has proven failures on the front. It doesn't take a genius to figure out from a quick glance that is just more liberal, socialist propaganda.
Taking information and advise from failures is never a good idea.
That's very good news for the Democrats in future elections. Please continue not wasting time on what most Americans will be voting for going forward.
 
Jul 2007
45,060
6,493
NJ
#9
This is the part of the article that sums it up nicely and is in fact exactly what we want and need to get things straight and put us on the path to prosperity instead of ruin:

The people are weary of seeing Republicans take everything they have; their retirement, wages, healthcare, and nutrition assistance for the poor and then have the audacity to claim it is what the people want. Democrats would be wise to pay heed to the preponderance of poll results that decry three decades of Reaganomics and support the tax and spend policies the majority of Americans clearly and overwhelmingly support.
 
Oct 2013
3,750
1,135
earth
#10
That's very good news for the Democrats in future elections. Please continue not wasting time on what most Americans will be voting for going forward.
Socialism is nothing more than governmental Ponzi scheme. It ignore incentive based human nature.
Socialism is the Big Lie of the twentieth century. While it promised prosperity, equality, and security, it delivered poverty, misery, and tyranny. Equality was achieved only in the sense that everyone was equal in his or her misery.

Why do you think Haitians travel 500 miles risking their lives in over crowded boats to get away instead of traveling 50 miles to get to Cuba.