Sunday, April 22, 2012

Class Warfare at its Ugliest


From  Class Warfare: Eric Cantor Reveals Republican Plan To Tax The Poor And Middle Class (VIDEO)



" Despite their pledge to Grover Norquist to never again raise taxes, Republicans have decided that their promise only applies to the wealthy and corporations. During a breakfast event on Thursday, Eric Cantor suggested to ABC’s Jon Karl that Republicans intend to punish the poor and middle class even more by squeezing more income taxes out of them so they can pay for tax cuts for the wealthy.

CANTOR: We also know that over 45 percent of the people in this country don’t pay income taxes at all, and we have to question whether that’s fair. And should we broaden the base in a way that we can lower the rates for everybody that pays taxes.

KARL: Just wondering, what do you do about that? Are you saying we need to have a tax increase on the 45 percent who right now pay no federal income tax?

CANTOR: I’m saying that, just in a macro way of looking at it, you’ve got to discuss that issue. How do you deal with a shrinking pie and number of people and entities that support the operations of government, and how do you go about continuing to milk them more, if that’s what some want to do, but preserve their ability to provide the growth engine? I’ve never believed that you go raise taxes on those that have been successful that are paying in, taking away from them, so that you just hand out and give to someone else. "





Wow.  


Joseph Stigliz got it right in Globalism and its Discontents (hard to argue with a Nobel Prize Winner now) - We've spent the past 40 to 50 years engineering the greatest redistribution of wealth in history, from the working and middle classes to the rich.  And now that they're safely in the clouds with all their wealth and power, it's time to pull the ladder up so no one can follow.


Hence, with wealth and income inequality at its greatest since the Gilded Age, and the relatively few (albeit millions of them, but out of a base of 310 millions the numbers are staggering) safely secured against the financial and economic turbulence their policies and actions have created, it is now time to go for the end game and recreate feudalism in the land.


It's not just enraging, it's pathetic.  These so called patriots have created a Welfare Capitalist State (remember "too big to fail?") where banks and major corporations are bailed out to the tune of Trillions of Dollars, yet the displaced workers are now asked to pay for these so called Captains' of Enterprise mistakes once again.


This is class warfare at its ugliest.  Not the so-called class warfare the Republicans accuse the Democrats of when they propose additional taxes on the rich, this is real class warfare where the incredibly privileged have the unmitigated gall to accuse those from whom they've appropriated the wealth and potential of the land of being shirkers.


My only question is when will the sheep look up, and the barricades and Madam Guillotine return to the streets.  Those in power rarely relinquish their ill gotten gains peacefully.

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