Tax System Questioned
Bush tax cuts of 2001 and 2003 were passed with the premise of stimulating economic growth and deficit reduction, in fact The Heritage Foundation, the much-touted GOP think tank predicted no deficits by 2010. The economy as we all know, tanked.
No previous administration had ever cut taxes while at war. I can find no case where any country had cut taxes during wartime; two wars, unfunded, with a price tag to date of 1.3 trillion dollars.
According to the Congressional Budget Office extending the Bush taxes cut for another 10 years will increase the deficit by over three trillion dollars, a windfall of over 800 billion dollars for the wealthiest Americans. The wealth of the 400 wealthiest Americans doubled during the Bush administration, their overall tax rates falling from 22.9 percent to 17.2 percent. So, as the middle class struggles, they want more.
Trickle-down economics does not work, not for us. The top one percent owns 38 percent of America, the top 10 percent owns 71 percent. They have enough, they need to pay their fair share. As the middle class sends their children to fight two wars, the rich are stealing this country, conservatism without conscience, simple greed. It smacks of treason, it smells like class warfare.
I want my country back, not from Obama, but from the leeches who in patriotic garb would have us grovel for the crumbs. Untaxed, unregulated, capitalism is anathema to a truly free society, fairly taxed and judicially regulated. It creates wealth for us all. This is the choice my fellow citizens, destroy the social contract of Social Security and Medicare, of access to health care, clean water and air, of educational opportunities, of a decent quality of life or give more to those who in my opinion have enough already. Deficits do matter, so does fair play. I pay my share. It’s time the wealthy do the same.