Remember folks, a vote for the Republicans is a vote for the rich, for Wall Street, for mortgage dealers and payday loan companies to rack in money from the middle class and poor respectively.

It's always been trickle up. Wealth accumulation is part of the process of capitalism. The difference has been, as of late, we have been speeding the process up, by cutting out the middle class out of the picture entirely.

By simply handing over tax dollars in subsidies, in just plain giveaways, we injure our economy.

Dollars in the middle class, and to the lower class, means that dollars circulate a bit before they eventually find their way up the chain. They trade back and forth a bit before heading upstream. By cutting out the middling layers of trade, we essentially just ship dollars out of the economy entirely, by the bucketloads. Not in contracts that at least have to be filled by work, and industry, which puts some of those dollars back into the stew for a bit before heading upstream again, but by handing it banks to hand out in bonuses, and to accounts overseas, that will never sea the light of day in the US. Not in jobs, not in products, not even in orders for goods and services, that at least investment in foreign industries might at least see.

We are crippling ourselves, and worse, cheering those who are raiding the American tax payer and leaving nothing behind save their contempt.

It is not good capital investment, it is not good economic policy. It IS great if you have friends who are going to kick you a fiver or two for getting them mad cash, but not so great for the rest of us, and its short sightedness is even more staggering.

AirForceVet: Remember folks, a vote for the Republicans is a vote for the rich, for Wall Street, for mortgage dealers and payday loan companies to rack in money from the middle class and poor respectively.

And more endless warfare, don't forget that.

Obligatory...

So invest, fools! Works for the rest of us.

hubiestubert: We are crippling ourselves, and worse, cheering those who are raiding the American tax payer and leaving nothing behind save their contempt.

Only some of us are actually cheering it on. The rest of us are horrified.

SphericalTime: hubiestubert: We are crippling ourselves, and worse, cheering those who are raiding the American tax payer and leaving nothing behind save their contempt.

Only some of us are actually cheering it on. The rest of us are horrified.

They just had their caucus.

This is my "shocked" face. Really. It is.

TommyymmoT: Obligatory...

[i487.photobucket.com image 526x424]

We're done here

RobertBruce: So invest, fools! Works for the rest of us.

lulz

That's not fair Fark, you should have asked us if we were all sitting down first before you told us this.

Can't wait 'till this goes green and the paid shills and trolls come in here to tell us that the Democats are all socialists or whatever.

Jared Bernstein nails it: (new window)

"I think a lot of people sense that there's something unsettling about this shift from labor income to capital incomes. It seems endemic of a society that devalues work while providing outsized rewards for speculation and asset accumulation. The CRS findings place that sensibility in the context of hard data."

Can I have one of those pens?

We are all getting f*cked.

Who could have possibly seen this coming? Oh wait, maybe the majority of US citizens who did NOT vote for Bush.

I for one am stunned that cutting taxes in wartime doesn't generate revenue.

Peki: Yeah, and it looks like Iran is next. :(

I didn't march in '03 because of fears of unrelated things due to a messy divorce. I'll be in the streets over this one if it happens.

No. More. Wars. For. Oil. Or penis sizes, or whatever they are doing this for.

Oh and Republicans- your entire economic model is now a sham. I'm sorry, but it is.

I for one am stunned that passing out money to those who primarily save and invest it does nothing to stimulate our economy.

I thought that this was the more interesting part for me.

"High-income people benefited in particular from the stock market boom in the late 1990s and from companies enjoying strong profit growth and paying out healthy dividends more recently, said Harry Holzer, professor at the Georgetown Public Policy Institute."

So if those tax cuts are left to expire (Which I think they should) How much of a difference would it actually make in terms of income inequality? Because i get the feeling that this will be the big political chip to play this year for both sides.

beta_plus: That means if we raise taxes on everyone who makes more than me to 100%, we'll have a perfect society.

And if we gay marry toasters to strudels we'll never worry about breakfasts again.

rev. dave: Since the middle class are now broke, the super rich will start feeding on the barely rich and so on until there is only 1.

Nah, they'll start seeing other countries.

socialism for the rich and a big f*ck you for everyone else

This is one of the things that makes me pissed off at Obama the most.

Why did he extend the tax cuts? Because the Republicans had a huge tantrum on the Senate floor? He should have dug his heel in the ground and said "No, we tried it your way for 30 years and all it's done is crashed the economy. The tax cuts come down today motherfarkers."

At that point he points a glock in their face gangsta-style.

/HNIC
//I was promised he was going to be the HNIC
///why isn't he being the HNIC?

beta_plus: That means if we raise taxes on everyone who makes more than me to 100%, we'll have a perfect society.

Yes.

That's absolutely the way it works.

in exactly the same sense that, if a fifth of whiskey makes you feel fantastic, then drinking an entire barrel tonight will make you feel like God. Feel free to test it yourself.

Don't test it for yourself, numbnuts.

beta_plus: That means if we raise taxes on everyone who makes more than me to 100%, we'll have a perfect society.

AmorousRedDragon: The rich who don't even spend it in our economy and would rather sit on it or build a factory they can fill with slave labor?

I had to laugh at the "slave labor" comment, making it sound like the situation is worse than it really is. American job creators can't even own slaves anymore. It's a joke! How am I supposed to create jobs when I can't even own the property required to do it?

Mike_LowELL: AmorousRedDragon: The rich who don't even spend it in our economy and would rather sit on it or build a factory they can fill with slave labor?

I had to laugh at the "slave labor" comment, making it sound like the situation is worse than it really is. American job creators can't even own slaves anymore. It's a joke! How am I supposed to create jobs when I can't even own the property required to do it?

Electricity and oil replaced slaves.

Grand_Moff_Joseph: Jared Bernstein nails it: (new window)

"I think a lot of people sense that there's something unsettling about this shift from labor income to capital incomes. It seems endemic of a society that devalues work while providing outsized rewards for speculation and asset accumulation. The CRS findings place that sensibility in the context of hard data."

Add to that the transformation of patents into commodities. Patents were intended to protect the initial investor and investors for their risk and hard work. Now patents are bought and sold by people who took no risk in their development but want to lock up markets and profits after they become popular.

Patents should not be transferable.

The gross accumulation of wealth we see today is not the product of hard work and risk or furthering progress, it's simply about hoarding, cartels, and trusts.

Sound familiar?