Leslie Graham according to Millbank's article indicated he might be amenable to a tax increase. Norquist 'visited' him and he fell back in line. How does he do this? No idea unless he has some dirt on all of them. Given the behaviour of several repubs to date that would not surprise me.
So, you don't have an answer to the question.
Tax burden? What tax burden? We are the lightest taxed industrial country in the world Most especially the top 1%. The gross inequality in incomes is destoying this country and y'all seem to think that is just fine. The top 5% spend relatively little of their income, the bottom 95% spend nearly all of it because it is not enough to go around. he result is little if any 'consumerism' and the economy suffers because of it.
Depends on what tax you're looking at. Personal income taxes, yes, the burden is relatively low, thankfully, but we're not the lowest. Business income, we're on our way to being the highest, number one, the big kahuna.
Repubs moan about SS and we old folks being a burden, tell me how many years did SS go without a COLA/ My pension from Bell Canada has had a COLA every year since I have retired. They did not give me any BS about no inflation. Adjusted for inflation average salaries here are at 1968 levels.
So, you're suggesting that a pension run by a private, for profit company is managed better than Social Security? Yup, we can agree on that. "course the private pension fund is not restricted on what it can invest in, unlike your Soc Sec dollars. And, your private pension isn't funded by IOU's like Social Security is.
For a little while spurred on by Greenspan's et. al. BS people borrowed and spent, then the bubble burst. Well stupid if your economy is 70% based on consumer spending and you beggar the consumer, guess what, you get a nice big fat recession, a nice long, long recession.
You can also get the same scenario if you tax the hell out of business, dis-incent grown by penalizing investment, and have an economic and energy policy that looks like a shell game.
So you repubs want austerity, take a good look at Europe, suicide rates are climbing exponentially in Greece, Italy, Spain and Ireland, I hope Angela can get the blood off her hands sometime soon. Funny she did not mind at all when things looked rosy and everyone was buying imports from Germany. Well now that they are all broke, and likely to stay that way for a long time I guess Germany will not be exporting so much. Especially as they now equate us with the Chinese labour market and are building their cars here.
Ther are none so blind as those who will not see.
06-25-2012, 02:49 PM
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