It’s About Tax Cuts

The Rich Are Different

Our favorite economist writes about the white-hot anger among the rich.  There’s talk of raising their taxes!  You’d better read it, Muffy.

http://www.nytimes.com/2010/09/20/opinion/20krugman.html?_r=1&ref=opinion

Made In China!

Richard Clark asks why Germany has avoided the Great Recession.  It goes back, like so much else, to the administration of Ronald Reagan.  During his first term, as a gift to his corporate pals, he pushed through legislation that made it possible for US corporations to do their manufacturing overseas in low-wage countries (like China) but avoid taxation on the imported products.  Germany never did such a thing.  So over the last 25 years, we’ve lost factories, middle class jobs, and tax income while the corporations have grown richer and richer.  This is a terrific article, well worth your time.  The car on the left is China’s newest offering to the US market.  Not built with UAW wages you can bet.

http://www.opednews.com/articles/Why-is-America-suffering-s-by-Richard-Clark-100828-74.html

Krugman On Tax Cuts For The Wealthy

The Republicans and conservative Democrats want to extend the Bush tax cuts at enormous cost to the federal budget.  They say it would benefit small businesses.  How many small businessmen do you know who make several million dollars a year?  No.  This is about greed and it is a serious threat to the Republic.  Read our favorite economist on the subject.

http://www.nytimes.com/2010/08/23/opinion/23krugman.html?emc=eta1

Wall Street Wants To “Fix” Social Security

Those wonderful people who brought you credit default swaps, Lehman Brothers, and Bernie Madoff want to get their hands on Social Security.  Why?  They claim it is contributing to the deficit.  Wrong.  SS will be solvent just as it is until the 2040′s.  And if it needs more money?  You know the $106,000 annual income cap on SS taxes?  Why not do away with that?    Let wealthier Americans pay the same SS tax rate on all their income as the majority of us.  No problem.

http://beavercountyblue.org/2010/05/27/blue-dog-democrats-and-republicans-are-out-to-kill-social-security-and-medicare/