| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
12 Jan 2005 01:11:40 PM |
| Object: |
Georgie Bush and his wealth-favoring tax "reforms" |
http://www.crisispapers.org/essays-p/gotta-give.htm
Ernest Partridge, Co-Editor
The Crisis Papers
January 8, 2005
Twenty-five years ago, the average Fortune 500 CEO earned forty times
as much as his median employee.
Today, he earns five hundred times as much.
To put this in perspective, this means that twenty-five years ago it
took that CEO about a week to earn as much as his worker earned in a
year.
Now he earns his worker's annual salary in half a day -- from the time
he enters his office in the morning to the time he leaves for his
three-hour three-martini lunch.
Is this disparity enough?
Apparently not.
Bush intends to make his wealth-favoring tax "reforms" permanent, as
he continues to phase-out taxation on investments and estates while
continuing taxation on earned income.
All this will accelerate the "reverse-Robin Hood" flow of wealth from
the middle class and the poor (those who produce the wealth) to the
super-rich (those who own the wealth).
Will the time for that CEO to earn his worker's annual income now
shrink from four hours to one?
To ten minutes?
How much more of this robbery will the impoverished public tolerate,
before it storms the Bastille?
In the meantime, unemployment will increase as well-paying jobs
continue to flow out of the country, and median family incomes
continue to drop.
For how long?
Surely not forever.
_________________________________________________
Dunno about that. The American public has proven itself to be quite
capable of acting against its own best interests, sorry to say.
Harry
"In their propaganda today's dictators rely for the most part on
repetition, suppression and rationalization -- the repetition of
catchwords which they wish to be accepted as true, the suppression of
facts which they wish to be ignored, the arousal and rationalization
of passions which may be used in the interests of the Party or the
State.
As the art and science of manipulation come to be better understood,
the dictators of the future will doubtless learn to combine these
techniques with the non-stop distractions which, in the West, are now
threatening to drown in a sea of irrelevance the rational propaganda
essential to the maintenance of individual liberty and the survival of
democratic institutions."
Aldous Huxley, 1958 (1894-1963) _Brave New World Revisited_
.
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| User: "Chuck Feney" |
|
| Title: Re: Georgie Bush and his wealth-favoring tax "reforms" |
12 Jan 2005 01:53:20 PM |
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On Wed, 12 Jan 2005, Harry Hope <rivrvu@ix.netcom.com> wrote:
Bush intends to make his wealth-favoring tax "reforms" permanent, as
he continues to phase-out taxation on investments and estates while
continuing taxation on earned income.
Won't it be just hunky-dory as we all invest and join Bush's ownership
society? Except, since all our income will come from investments and
be tax-free, who will pay the taxes to, for example, bankroll an army
to invade Aruba? Or provide the money to FEMA to rebuild JebLand
after the hurricanes? It doesn't seem that God thought this through
before he placed the thought into dubya's gut.
.
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