No Tax Cuts without Representation

Who will pay? The poor and the middle class will pay. How you ask? Money given to the poor and middle class get spent in the economy creating demand for products and services. They buy food clothing and needed services the necessities to provide for a family not a dime will go into savings. Money given to the wealthy if not spent on luxuries goes directly into their trusts, savings, and ultimately their investments creating no demand for products and services, but does generate fees and commissions for Wall Street. The billions of dollars going to the poor and middle class stimulate economic activity that eventually go to the rich and wealthy in the form of dividends and capital gains, while the billions going to the rich and wealthy increase their wealth even more. It’s a loose loose situation for the poor and middle class. Why? Since our representatives in Washington refuse to have the rich and wealthy pay for their fare share the poor and middle class will pay eventually through increased taxes and cuts in entitlement programs targeted by bi-partisan Democrats and a majority of Republicans. This bill has set the precedent connecting Social Security to the national debt for the first time in our history even though Social Security is the only solvent entitlement program in the Government Budget a 2.6 Trillion Dollar Surplus which pays for itself and those bi-partisan Democrats and Republicans want to raid this trust to again transfer more money to the rich and wealthy. They couldn’t do it by privatizing so they will raid it by connecting it to our deficit budget. 

It has been reported that the 2010 midterms raised 4 billion dollars from donors. Senators and Congressman received 4 billion dollars to get elected. A majority came from the Wealthy and Corporations run by the Wealthy. These donors consider their contributions as an investment because they can’t take a tax deduction. How do you get a return on your investment of a campaign donation? You get an extension of the Bush tax cuts Plus. What is the return? If you just include the Estate Tax and Capital Gains and Dividend savings of 121 billion dollars that’s a return of 3025% over two years to simplify the numbers if you invest 1 thousand dollars for two years your return would be $30,250 dollars after two years. In Washington money talks louder than votes. 

The odds are stacked against the poor and middle class Americans. The Supreme Court ruled 5-4 that Corporations are People under our constitution giving them same rights as you and I. Washington has been taken over by Corporate American, Foreign Influence and Special Interests through our Elected Representatives. We no longer have a representative government. We have a ruling class. This Bill proves that.

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