reply to post by skyshow
This 1% now owns nearly 50% of the wealth in this country, and as I stated rather clearly has enjoyed tax decreases with every president since
the 1970's. Their tax savings vis a vis pay offs and legal bribes net them more than $20 trillion in savings.
I'm not real sure where you're getting this info. But
shows that the top
1% of families account for less than 40% of all weath in the USA. Compared to www.ntu.org...
they also pay almost 40% of
all taxes collected.
From the same sources,. the top 10% wealthiest families account for 71% and pay 71%.
Folks, the 1% had their tax rates cut so drastically under Carter, Reagan, Bush I, Clinton, and Bush II that the amount they saved would more
than pay off the debt and go farther even towards programs like assistance to the poor and health care for the now something around 50 million
American citizens who don't have health care coverage.
I do remember them having their rates cut under Reagan, and I remember the economy booming under Reagan. I don't specifically recall a tax cut under
Clinton, but Bill did balance the budget before he left office.
I wish I had the figures on the amount of lubricant this all took. In other words how much did this 1% spend towards P.R. and Advertising
(propaganda) and legal bribes to make this multi trillion dollar tax savings a reality.
I wish I had your sources. Care to share?
You guys should be really ticked about this. They move their investments off shore and farm out your jobs to other nations
Yep, and if your city started taxing your home so much you couldn't pay it, you'd move too. That's what we down South call a 'DUH'...
while cutting your pensions and retirement
Maybe they have to use the money to pay higher taxes?
then push for these wars to line their pockets even further while our men and women die for their cause and inocent citizens die in
Can I get a definition of 'they'? I know Haliburton apparently got involved in this, but who else are you talking about?
You aught to be ticked off that they deregulate everything in site while lieing to us and then we end up time and time again paying the price
(banking & investment, electricity, oil, broke air lines competing with subsidized foreign carriers etc...).
Oh, I am! I'll agree with you here. But what does that have to do withtaxing the rich?
since the mid seventies they have fevorishly been working to destroy any New Deal programs put into place to aid the poor while squandering the
peace divendend (what?) at the end of the cold war and increasing military spending to obsene rates.
OK, this is a little much to sort out. Clinton didn't increase the military; he cut it to balance the budget. I haven't heard of any New Deal
programs being cut; we have unemployment, social security, SSI, welfare, food stamps, WIC, NO INCOME TAXES
on the poorest (they can actually
get money back in addition to everything they paid in, EIC, ACTC, etc.), and Lord knows how many other aid programs are in existence. None have been
cut that I have heard of; they seem to be spending more every year on them.
Edited to fix link
[edit on 1-8-2008 by TheRedneck]