I think it actually began back when that first man turned to that
first woman and said, "Gimme whatever you're eating there, woman."
And when she refused, he beat her up and she went hungry. And when
she did, he let her alone and she went hungry. Pretty much the way
it's been ever since.
But Frank, you left Nixon out of your short list. Back in 1972 I had
a big sign in my front window, something about Nixon, the Reverse
Robin Hood, taking from the poor to give to the rich.
And if we ever get over our Hero Worship of our Founding Fathers, we
might recall that the wealthy land owners took what they claimed as
their own, and kept slaves, to boot. And of course, the first
Europeans to settle here were running away from oppression. Which
brings to mind those poor beset upon Jews who we helped carve out a
Promised Land named Israel, so they could turn right around and dump
on the folks whose land it had been.
And now Donald Duc...uh...Trump is telling us that the way to Peace is
through "standing tall". In case anyone doesn't know it, that's code
for, "We'll kick the shit out of them."
Perhaps there is no hope for Humans, and the world, if it survives us,
will be a better place for whatever is left behind.
Carl Jarvis
On 11/10/17, Carl Jarvis <carjar82@xxxxxxxxx> wrote:
As a youth, long, long ago and far, far away, I could never get my
head around the British's abject worship of their Royal Family. At
the time, Princess Elizabeth ascended to the Throne, becoming the
world's richest woman. Now I see that this long ruling Queen is so
caring for her people that she tucks much of her unearned wealth in
off-shore banks. And the Brits go right on loving her Majesty.
And here we are in the 21st century, us Americans living in the Land
of the Free and the Home of the Brave, going gah gah over our own
Royalty, the Billionaires. As they smile and squeeze the last drop of
blood from our turnip-like wallets, we dance and prance about as if
they are doing us a great big kindness, taking all that money away, so
we won't be bothered with it. Good crying in the Dark! We really are
on that Ship of Fools.
Carl Jarvis
On 11/10/17, Roger Loran Bailey <dmarc-noreply@xxxxxxxxxxxxx> wrote:
https://socialistaction.org/2017/11/09/new-tax-plan-rob-the-poor-to-help-the-rich/
New tax plan: Rob the poor to help the rich
/ 14 hours ago
Nov. 2017 Ryan taxesBy NICOLAS BRANNON
In the last month, the Trump administration and Republicans in Congress
have begun preparing a tax cut bill that would be a huge benefit to rich
people and corporations. The details are still being negotiated among
the representatives of the bourgeoisie, but the basic goals are clear.
The bill would cut income taxes by $1.5 trillion over a decade, with
massive tax cuts for the wealthy, while shifting the tax burden further
onto the working class. The few small crumbs that it has for working
people will mostly be phased out after several years—often ending up
with people paying higher taxes than they do now—while tax cuts for the
wealthy are immediate or phased in and permanent.
The corporate income-tax rate would immediately be cut almost in half,
to just 20 percent from its current 35 percent—the largest rate cut in
history, at a time when corporate income tax as a share of GDP is
already at an all-time low and corporate profits are at an all-time high.
The estate tax, which affects only the richest 0.2% of Americans, would
be cut immediately by doubling the amount of inherited wealth that is
exempt from taxation (up to $11 million per person, $22 million for
couples) and then be gradually eliminated altogether over the next six
years.
Donald Trump and his family would benefit directly from many of the
cuts. For example, lowering the tax rate of so-called “pass-through”
corporations—whose income is taxed as part of the owner’s income, which
many of Trump’s companies are—to 25% would save Trump millions every
year. Repealing the Alternative Minimum Tax, a provision that
counteracts the endless tax deductions taken by the wealthy, would have
saved Trump $31 million in 2005, the year of his most recent leaked tax
return. In addition, eliminating the estate tax would save Trump’s heirs
over $1 billion in taxes.
Meanwhile, the bill offers little to workers and the middle class, who
instead will bear the brunt of many of the tax increases that the bill
contains to offset the massive cuts for the rich. One way it does this
is by eliminating deductions and credits that primarily benefit the poor
and middle class.
The deductions for student-loan interest is eliminated, as well as the
deduction for medical expenses higher than 10% of a person’s income. The
personal deduction of $4050 for every member of a household is replaced
with a larger standard deduction, which Republicans claim is a
counterweight, but which would leave many households paying more in
taxes.
The bill would also raise taxes on immigrant parents by making them
ineligible for the widely used child tax credit. The child tax credit,
which is taken by low-income and middle-income parents, would be raised
very slightly for a couple years, and then phased out altogether, in
order to raise taxes on the working class right around the time that the
estate tax is scheduled to be eliminated.
Photo by The Wall Street Journal: House speaker Paul Ryan touts before
the media the Republicans’ plans to revise taxes.
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November 9, 2017 in Economy, Trump / U.S. Government.
Related posts
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