Card-carrying member of the ACLU, yes.
Who are you a sock-puppet of?
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What a silly and uninformed comment.
To begin with, economics has nothing to do with style of governance (a Constitutional democracy).
But more importantly, what we're talking about has nothing to do with changing the style of America's democracy, i.e., capitalism. In fact, we do not have what Fox ranters believe we have in operation. In capitalism, free markets aren't propped up with taxpayer dollars. Corporations don't receive welfare.
FWIW, I'm a proponent of a mixed economy, regulated Capitalism. I'm probably more committed to the Constitution than you, going so far as to condemn Obama along with Bush for Constitutional offenses.
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Lie number 3) U.S. corporations are over-taxed.
Example: Republican presidential candidate Tim Pawlenty
We have the highest corporate tax rate, or one of them, in the OECD nations.Actually, as measured in terms of share of GDP, the U.S. has the lowest corporate tax burden of any OECD nation. While the official tax bracket may seems high -- 35 percent -- if one takes into account various loopholes and tax dodges, the effective tax rate is considerably lower, or around 27 percent, which comes in as slightly higher than average for OECD members. And according to ace tax report David Cay Johnston, the bigger you are, the less you pay -- the effective tax rate for the biggest U.S. corporations is only about 15 percent.
Lie number 2) The U.S. suffers from high taxes.
Example: The Wall Street Journal's Stephen Moore:
What all this means is that in the late 1980s, the U.S. was nearly the lowest taxed nation in the world, and a quarter century later we're nearly the highest.Totally untrue. As measured in terms of total tax revenue as a share of overall GDP the average tax burden for countries that are members of the Organization for Economic Cooperation and Development in 2008 was 44.8 percent. The U.S. -- 26.1 percent. The U.S. pays less taxes, as a share of GDP, than Denmark, Sweden, Italy, Austria, France, Netherlands, Germany, United Kingdom, Canada, Spain, Switzerland and Japan.
The Top 3 Lies About Taxes:
Lie Number 1) Poor people don't pay taxes.
Example: From The Center on Budget and Policy Priorities:
At a hearing last month, SenatorCharlesGrassley said, "According to the JointCommittee on Taxation, 49 percent of households are paying 100 percent of taxes coming in to the federal government." At the same hearing, CatoInstitute Senior Fellow AlanReynolds asserted, "Poor people don't pay taxes in this country." Last April, referring to a TaxPolicyCenter estimate of households with no federal income tax liability in 2009, Fox Business host Stuart Varney said on Fox and Friends, "Yes, 47 percent of households pay not a single dime in taxes."The Center on Budget and Policy Priorities' Chuck Marr and Brian Highsmith provide the definitive takedown of this myth.
Those who fail to learn from history are doomed to repeat it.
We've been through this before and went on to enjoy a vibrant economy and the greatest middle class in the history of the world.
FDR. The Great Depression.
There is a blue print, and it begins with a massive stimulus (not the picayune one that Obama, the Reagan wannabe, asked for). A massive stimulus, funneled into infrastructure projects, green and sustainable energy, social programs, Medicare For All, technology, etc., is the solution to our economic and environmental problems.
That's what we thought we were voting for and who we thought we were putting into power in 2008 when 10 million more Americans put Obama and Democrats into power. Now we get to see if Obama has the stuff to grow into that great leader. So far, he's off to a terrible start.
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Have you been paying any attention at all to the discussions taking place over "trickle down" and how it doesn't work?
About how corporations and the rich have gotten tax breaks for the past several decades, and specifically Bush's tax cuts, and they don't create jobs, and don't cause corporations to hire? How the corporate mentality (and Romney is a prime example of how CEOs operate) after acquiring businesses is to lay off employees, break the companies up and sell them off for parts?
What creates businesses and wealth is DEMAND. When money is in the hands of people who spend it. The rich tend not to spend. They have what they need and want. The poor and middle class are the job creators. They purchase goods, and that is what creates jobs and businesses.
This isn't a difficult concept to understand. What's blocking you from getting it?
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