When the American dream was a valid term, the nominal tax rate for business was 75%. Whether that is a lot, or whether it is not, it was what was required to achieve social harmony and equilibrium between the classes. At the end of the day business was still making money and the populace was generally content. Now you have a situation where 60% of business pays no tax at all (after Bushes, tax cuts/breaks) so free health care and education go out the window at the same time wages and jobs are being slashed.
How can an economy operate when the bottom 40% of the population owns 0.2% of total wealth and are carrying a debt burden of nearly 200% of their yearly income? What good is it giving money to the banks to pay off their debts, when no one has money to spend and continue to use the credit facility the banks offer so they can continue to make profits? Obama is no socialist and he really has no intention of redistributing wealth, but for all those that are screaming Marxist, none of them have put up a viable alternative. If the richest 1% of Americans owns more wealth than the bottom 90%, if they have all the wealth, then how does the economy function? You just can't print more money. On Nov 21, 8:20 am, mark <[EMAIL PROTECTED]> wrote: > and who are the idiots who believe raising taxes will turn things > around? > > On Nov 20, 4:09 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > > > > So who still believes that the tax cuts to the rich works? > > > November 20, 2008 > > Sean Lewis > > > Bush Republicans the country is now suffering from the arrogant > > incompetence of an ignorant President and a self serving Republican > > Administration and Republican controlled Congress. > > > I repeatedly warned of the Economic Cascade Effect that would occur, > > and now we are unfortunately seeing these warning played out. > > > Years from now I wonder how many of you who voted for Bush TWICE > > will actually admit this to your children, family and friends. > > > The Bush Presidency has done what the 9/11 attacks did not achieve, > > destroyed the Preeminence of the United States financially, > > economically, > > ethically, politically and militarily. > > > Bin Laden could not have asked for a better Ally! > > > You don't believe me? Then read my posts from the past.... > > >http://groups.google.com/group/OpenDebateForum/web/the-cascade-effect... > > >http://vtsl.blogspot.com/2006/02/killing-golden-goose-bush-vs-america... > > >http://vtsl.blogspot.com/2008/11/auto-bailout-ok-but-it-will-hurt.html > > >http://vtsl.blogspot.com/2008/11/solution-to-real-estate-meltdown-res... > > >http://vtsl.blogspot.com/2008/11/republicans-today-is-judgement-day-f... > > >http://groups.google.com/group/OpenDebateForum/web/acceptance-the-gol... > > >http://groups.google.com/group/OpenDebateForum/web/buy-gold-so-you-ca... > > >http://groups.google.com/group/OpenDebateForum/web/if-you-earned-less... > > >http://groups.google.com/group/OpenDebateForum/web/it-is-the-bush-voo... > > >http://groups.google.com/group/OpenDebateForum/web/ok-one-more-time-t... > > >http://groups.google.com/group/OpenDebateForum/web/one-mans-humble-op... > > >http://groups.google.com/group/OpenDebateForum/web/republican-free-tr... > > >http://groups.google.com/group/OpenDebateForum/web/which-would-you-ra... > > > There are more but you get the point!- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
