Posted 5 years ago on Nov. 24, 2011, 9:13 a.m. EST by lgarz
from New York, NY
This content is user submitted and not an official statement
Nowadays all we hear from the Right is that the only way we can save our economy is to cut the budget, but there is another way, a patriotic way, a good old American way that no one is talking about. I think we should raise the tax rate on the top 10% by 10% for the next 10 years, and when the Budget is balanced we can talk about a tax cut.
There is nothing wrong with the American economy that raising taxes 10% on Millionaires won’t cure. When cutting a poor mothers milk money by $10 results in real pain, no one can make a credible argument that an Aristocrat who’s worth $100 Billion will suffer a hardship because he only makes $90 Billion. But, all we hear from the Right is that we have to cut the budget. And, they say that to save some faceless Billionaire what amounts to pocket change.
Simply put, to save an aristocratic Billionaire a few dollars, Republicans want to cut Grandma’s Social security, and Grandpa’s Medicaid. To save a few pennies for a Billionaire Republicans want us to fire teachers, cut Firemen pensions, and slash Police Officer salaries. To save a few bucks for Billionaires, Conservatives think we have to allow our roads to crumble, our bridges to rust away, our Airports to fall apart, and our Trains to break down. To save a few Shekels for some Billionaires, Conservatives say we can’t afford schools for our kids or Hi Speed rail for our commuters or Health Care for the sick.
In Republican world, we can’t pay for a workingman’s lung transplant, we can’t clean Snow off our streets, and Firemen have to stand idly by while a Family’s house burns to the Ground. To save a few coins for a Billionaire Republicans can’t protect New Orleans from a hurricane, or Detroit from a Depression, or New York from a stock market crash. Raising taxes 10% on the top 10% for 10 years can change all that.
Our Economy didn’t fall off a cliff because teachers were making too much money. It fell off a cliff because Billionaires were making too much money. Our economy didn’t stall because a Fireman was getting a huge pension. It stalled because failed CEO’s were getting huge “Golden Parachutes” for tanking the economy! Union worker salaries didn’t drive our economy into a ditch. Undeserved Wall Street bonuses did.
I’m not an economic genius, but it seems to me that when a consumer economy is stalled, it means you have to get more money to consumers. On the other hand, giving more money to the rich who don’t spend it, achieves nothing. Tax breaks for the super rich have never produced prosperity in America, or jobs for the middle class.
The Conservatives have been cutting taxes for the rich, and cutting middle class salaries for the last 30 years, and the result that everyone can see is that the rich are getting richer, the middle class is getting poorer, our country is falling apart, our kids can’t get a quality education, and nobody can find a good paying job. How long can a Nation stand when it’s 90% near poor and the top 10% is obscenely rich? How long can a Nation stand when the Aristocrats are making more than 200 times what the serfs make? How long can a Nation stand being half free, and half enslaved?
Things emphatically do not have to be this way. Raising taxes 10% on the top 10% for 10 years can free us all. Our Country is in real trouble, and it’s time for those who have the most to “Man Up” and do something for their countrymen. It’s time for the owners who sit on the sidelines counting their money to “Take one for the Team” that has made them so rich! It’s time for the richest Americans to make a small sacrifice to help pull our Country out of the ditch they drove us into. It is time to talk about raising taxes on the greedy, to help the needy. Because there is nothing wrong with the American Economy that raising taxes on the super rich 10% cannot cure.
The 10-10-10 plan is the way to go! And it will have the added effect of driving Fox News up the wall. A win-win for everyone.