A wonderful article that smashes the idea that reducing taxes on the rich and corporations increases revenue and creates jobs recently appeared. Please read it. It is quite apparent that we have been engaged in Austrian economics that have deregulated the business environment. We have also been engaged in the Supply Side economic swindle. The fact is that the tax burden falls on the poor and the middle class. The rich do not pay the top tax rate, they pay less than half of the rate they are supposed to pay because of tax loopholes. Corporations are in a similar position, paying significantly less than the amount they should because of loopholes and off-shoring the money they earn.
Hedge fund managers like Paulson make 9 BILLION dollars a year and pay no taxes. Theoretically he may never have to pay taxes on that money even in the deferred tax scheme he is "entitled" to.
Raising revenue is essential to government solvency. Cutting taxes on the rich and corporations does not raise revenue. Tax breaks and loopholes for corporations do not increase jobs, and, in fact in many cases results in job losses. Read the article for more information.
Time to take it to another level. Protesting commerce and it's connection to your politicians, and the war machine. Block entrances to local branches of banks that have been bailed out. Protest outside businesses that have paid little in taxes and are sitting on huge amounts of money and not investing it in jobs. Highlight the political angle by showing who they fund and for how much.
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