Politics > Politics-USA > For the majority of Americans, Capitalism has FAILED under Republican Rule
| Topic: |
Politics > Politics-USA |
| User: |
"forALLamerica" |
| Date: |
10 Aug 2004 12:09:50 PM |
| Object: |
For the majority of Americans, Capitalism has FAILED under Republican Rule |
Capitalism is about opportunity. The Bush Administration has declared war
on the middle class by starving it of opportunity. "Trickle down"
economics has never worked for anyone BUT the rich. It is irresponsible to
think otherwise, human nature makes it so.
We must REDISTRIBUTE AMERICA'S WEALTH away from the minority, the richest
1%, to the majority, the less fortunate of Americans. For America's future,
the American majority must be included in the political process. The power
that greed has over America must be regulated. The Upper Class has
demonstrated, time and again, it is not capable to lead America to true
equality and peace.
Currently, the rich are gaining as much as you are losing. Shouldn't it be
the other way around? The richest 1% are the minority. If you are NOT part
of the richest 1%, it is stupidity to cast a Republican vote in 2004.
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| User: "PBThomas" |
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| Title: Re: For the majority of Americans, Capitalism has FAILED under Republican Rule |
10 Aug 2004 02:55:00 PM |
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Capitalism is about opportunity. The Bush Administration has declared war
on the middle class by starving it of opportunity. "Trickle down"
economics has never worked for anyone BUT the rich. It is irresponsible to
think otherwise, human nature makes it so.
We must REDISTRIBUTE AMERICA'S WEALTH away from the minority, the richest
1%, to the majority, the less fortunate of Americans. For America's future,
the American majority must be included in the political process. The power
that greed has over America must be regulated. The Upper Class has
demonstrated, time and again, it is not capable to lead America to true
equality and peace.
Currently, the rich are gaining as much as you are losing. Shouldn't it be
the other way around? The richest 1% are the minority. If you are NOT part
of the richest 1%, it is stupidity to cast a Republican vote in 2004.
Nonsense !! You are a greedy fool.
Steal from those who work and succeed to pay slackers like yourself.
Here are the facts:
Taxes paid in 2000 for income levels
less than $20000 -1.4%
$20-40000 4.5%
$40-75000 17.3%
$75-100000 12.8%
$100-200000 24.1%
more than $200000 42.7%
Tell me just how those who make more than $100k and pay 66.8% of the total tax
bill are not having their wealth REDISTRIBUTED?
The bulk of the Bush tax cut goes to people under $100k. Look it up.
Just who is getting the raw deal?
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| User: "Aneesh" |
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| Title: Re: For the majority of Americans, Capitalism has FAILED under Republican Rule |
10 Aug 2004 05:25:05 PM |
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"PBThomas" <pbthomas@aol.comnojunk> wrote in message
news:20040810155500.16633.00001872@mb-m22.aol.com...
Capitalism is about opportunity. The Bush Administration has declared war
on the middle class by starving it of opportunity. "Trickle down"
economics has never worked for anyone BUT the rich. It is irresponsible
to
think otherwise, human nature makes it so.
...
Currently, the rich are gaining as much as you are losing. Shouldn't it
be
the other way around? The richest 1% are the minority. If you are NOT
part
of the richest 1%, it is stupidity to cast a Republican vote in 2004.
[personal attacks deleted]
Here are the facts:
Taxes paid in 2000 for income levels
less than $20000 -1.4%
$20-40000 4.5%
$40-75000 17.3%
$75-100000 12.8%
$100-200000 24.1%
more than $200000 42.7%
Tell me just how those who make more than $100k and pay 66.8% of the total
tax
bill are not having their wealth REDISTRIBUTED?
The bulk of the Bush tax cut goes to people under $100k. Look it up.
Just who is getting the raw deal?
You might want to check your numbers.
Incomes and Total (i.e., Federal, State & Local) Taxes in 2004
[ Source: Citizens for Tax Justice, April 2004. ]
TAXES as a % of INCOME
Group Avg cash income Total taxes
Lowest 20% $ 10,400 19.70%
Second 20% $ 21,200 23.30%
Middle 20% $ 34,500 27.00%
Fourth 20% $ 56,300 29.80%
Next 15% $ 96,700 31.60%
Next 4% $201,000 32.20%
Top 1% $978,000 32.80%
ALL $ 56,800 30.10%
Addendum:
Bottom 99% $ 47,500 29.40%
Notes:
1. Taxes include all federal, state & local taxes (personal and corporate
income, payroll, property, sales, excise, estate etc.).
2. For calculations of income shares and taxes as a % of income, income
includes employer-paid FICA taxes (allocated to workers) and corporate
profits net of taxable dividends (allocated by capital ownership), neither
of which is included in the average cash income figures shown.
Source: Institute on Taxation and Economic Policy Tax Model, April 2004
(preliminary)
Citizens for Tax Justice, April 2004.
.
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| User: "PBThomas" |
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| Title: Re: For the majority of Americans, Capitalism has FAILED under Republican Rule |
10 Aug 2004 05:58:20 PM |
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Here are the facts:
Taxes paid in 2000 for income levels
less than $20000 -1.4%
$20-40000 4.5%
$40-75000 17.3%
$75-100000 12.8%
$100-200000 24.1%
more than $200000 42.7%
Tell me just how those who make more than $100k and pay 66.8% of the total
tax
bill are not having their wealth REDISTRIBUTED?
The bulk of the Bush tax cut goes to people under $100k. Look it up.
Just who is getting the raw deal?
You might want to check your numbers.
Incomes and Total (i.e., Federal, State & Local) Taxes in 2004
[ Source: Citizens for Tax Justice, April 2004. ]
TAXES as a % of INCOME
Group Avg cash income Total taxes
Lowest 20% $ 10,400 19.70%
Second 20% $ 21,200 23.30%
Middle 20% $ 34,500 27.00%
Fourth 20% $ 56,300 29.80%
Next 15% $ 96,700 31.60%
Next 4% $201,000 32.20%
Top 1% $978,000 32.80%
ALL $ 56,800 30.10%
Addendum:
Bottom 99% $ 47,500 29.40%
Notes:
1. Taxes include all federal, state & local taxes (personal and corporate
income, payroll, property, sales, excise, estate etc.).
2. For calculations of income shares and taxes as a % of income, income
includes employer-paid FICA taxes (allocated to workers) and corporate
profits net of taxable dividends (allocated by capital ownership), neither
of which is included in the average cash income figures shown.
Source: Institute on Taxation and Economic Policy Tax Model, April 2004
(preliminary)
Citizens for Tax Justice, April 2004.
You change the basis, but still prove my point. The highest incomes pay not
only at the highest rate as a percent of income, but in aggregate the highest
fraction of the total taxes.
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