In the U.S. the wealthiest 5% of Americans own nearly 60% of the nation's wealth. The top 20% own around 80% of the nation's wealth.
Although there have always been rich and poor, the distribution of overall wealth has changed dramatically in the past 30 years, with the distribution of wealth becoming increasingly top heavy. If the pattern continues, the middle class will cease to exist; there will just be the rich, and the people who work for the rich at whatever rate the rich feel like providing.
It's happening now:
Across the U.S., companies are freezing raises, freezing new hires, hiring on new employees at lower rates than the laid off employees they're replacing, mandating capped raises that barely match inflation (say, 2% raises per employee, even for good performance), cancelling pension plans, canceling matching 401k payments, breaking unions, lowering commisions, reducing health benefits, and outsourcing jobs to foreign lands -- while at the same time the top executives have seen their salaries increase by hundreds and hundreds of percentage points over the last few decades.
And the big banks are getting bailed out while millions of Americans are losing their homes and jobs. The U.S. government takes out loans from China in order to pay for a war where Halliburton & Co. execs profits but average Americans see no benefits (and, eventually, somebody is going to have to pay for this war -- it's not a question of whether the war was right or wrong, it's a question of when we're going to actually pay back the debt). The oil companies are making record profits while Americans pay more at the pump.
With all of that in mind, you'd think that 80% to 95% of Americans would be up-and-arms, demanding at least moderate redistribution of wealth. Not Harrison Bergeron everyone-must-be-totally-equal territory; but at least some good old fashion American modestly-tax-the-rich leveling of the playing field.
And yet, amazingly, the Republicans have decided to use the "redistribution of wealth" concept as a scare device. Palin recently described Obama's very mildly socialist tendencies thusly: “Obama says that he wants to spread the wealth . . . which is when government takes your hard-earned money [and] doles it out however a poll sees fit.”
Actually, that sounds more like how the GOP has been handling our hard-earned money -- giving tax breaks to profitable coporations and the super-wealthy, paying billions of dollars to various Military-Industrial-Complex contractors.
Obama's tax plan, on the other hand -- despite what you might think after hearing some of the more "controversial" O-man quotes trumpeted by the GOP -- essentially just calls for a repeal of the pro-rich Bush tax cuts on those making over $250,000 a year, while closing some corporate tax breaks and introducing new tax breaks for the middle class and the poor. Even if you are rich, these changes to the tax code are not going to dramatically effect your lifestyle; just get used to paying the same kind of taxes that you had no trouble paying 10 years ago. No big deal; it's not even that revolutionary, just a modest and fair adjustment to the current tax code..
Still, realistically, more taxes are going to be needed at some point -- to pay off the war debt, to pay off the debt from the financial bailout, to pay for new infrastructure to keep our roads and bridges and railways and energy system from falling into pieces. Nobody likes to pay more taxes; but, then again, nobody likes paying down their credit card debt, either. However, it has to be done. Modestly taxing the richest 5% of Americans isn't a bad way to start; an oil windfall-profits tax wouldn't be a bad idea either (note that even Partisan-Tactics Palin supported a windfall-profits tax scheme in Alaska).
Bush and his neoconservative pals have nearly destroyed the world economy; McMaverick is more of the same. It's time to give some new folks a shot. Vote Democrat or Independent.
(Or, discover that "Jesus was among the wealthiest 5 percent.")
And just for fun, turn up the volume on your computer and then click around PalinAsPresident.us.
Oh, and here's a very funny "Miss Sarah Piggy Palin" music video (recommended by BuckyBurro):
The GOP "Redistribution of Wealth" Bugaboo
Posted by
Lucas Brachish
at
10/28/2008 04:20:00 PM
Labels:
Capitalist Pigs,
McCain,
Muppets,
Obama,
Palin,
Redistribution of Wealth,
Taxes,
Videos
Is Ollie Stone Back In the Saddle? And Buckaroo Banzai Obama Battles More Makeup-Wearing Pigs
The once terrific Oliver Stone hasn't made a decent movie in years, but he's hired Babe: Pig in the City farmer James Cromwell to co-star as George H. W. Bush in his epic comedy, W., alongside Josh Brolin staring as George W. Bush, the mind-blowing Thandie Newton as Condoleezza Ric, Richard "where's that guy been for the past decade" Dreyfuss as Dick Cheney, and a host of other intriguing casting picks. Could Stone finally be BACK from the brink? The trailer gives us hope:
While you wait with bated breath for Stone to flop or fly, have some Dr. Zaius Zaius Nation funtime, as Captain America Dick Cheney liberates a village....
.... McCain and Palin launch their Plan 9 From Outer Space ....
.... Miss Alaska rocks her body while the McMaverick yucks it up in a tux ....
... and a heroic Obama-man adventures across the 8th dimension.
NOW, BACK TO YOUR REGULARLY SCHEDULED LIPSTICKS AND PIGS:
"Yup, still a pig," from Glockoma's photostream.
"Lipstick on a Pig (Nob Hill Bar & Grill Style)," from Tom Turnbull's photostream.
A kid's story in which a "White House Pet arrives.... An Alaskan pig...," from PLANALP's photostream.
"He's right, you know. It's still a pig," from bitrot's photostream.
"Is Sarah Palin an Enemy or Hero of Feminism," asks this pic from jerm9ine's photostream.
Lipstick on a hairy pig, via Zorboard.com and FreakingNews.com.
Bush says, "Whoa, I'm gonna need more lipstick [for this Military budget]" in this Daryl Cagle MSNBC comic, found by aggybird.
Read Shlomster's A Writer's Guilt / Gilt / Guild post, "From Bitch to Swine, or: Am I in Hot Water Yet?"
While you wait with bated breath for Stone to flop or fly, have some Dr. Zaius Zaius Nation funtime, as Captain America Dick Cheney liberates a village....
.... McCain and Palin launch their Plan 9 From Outer Space ....
.... Miss Alaska rocks her body while the McMaverick yucks it up in a tux ....
... and a heroic Obama-man adventures across the 8th dimension.
NOW, BACK TO YOUR REGULARLY SCHEDULED LIPSTICKS AND PIGS:
"Yup, still a pig," from Glockoma's photostream.
"Lipstick on a Pig (Nob Hill Bar & Grill Style)," from Tom Turnbull's photostream.
A kid's story in which a "White House Pet arrives.... An Alaskan pig...," from PLANALP's photostream.
"He's right, you know. It's still a pig," from bitrot's photostream.
"Is Sarah Palin an Enemy or Hero of Feminism," asks this pic from jerm9ine's photostream.
Lipstick on a hairy pig, via Zorboard.com and FreakingNews.com.
Bush says, "Whoa, I'm gonna need more lipstick [for this Military budget]" in this Daryl Cagle MSNBC comic, found by aggybird.
Read Shlomster's A Writer's Guilt / Gilt / Guild post, "From Bitch to Swine, or: Am I in Hot Water Yet?"
Posted by
Lucas Brachish
at
9/22/2008 04:20:00 AM
Labels:
Bush,
Election 2008,
Lipstick,
McCain,
Military,
Obama,
Oliver Stone,
Palin,
Photos,
Photoshop,
Pigs,
Satire,
Videos
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