Wednesday, August 22, 2007
Tuesday, August 21, 2007
"The growth in total incomes was concentrated among those making more than $1 million. The number of such taxpayers grew by more than 26 percent, to 303,817 in 2005, from 239,685 in 2000.
These individuals, who constitute less than a quarter of 1 percent of all taxpayers, reaped almost 47 percent of the total income gains in 2005, compared with 2000.
People with incomes of more than a million dollars also received 62 percent of the savings from the reduced tax rates on long-term capital gains and dividends that President Bush signed into law in 2003, according to a separate analysis by Citizens for Tax Justice, a group that points out policies that it says favor the rich.
The group’s calculations showed that 28 percent of the investment tax cut savings went to just 11,433 of the 134 million taxpayers, those who made $10 million or more, saving them almost $1.9 million each. Over all, this small number of wealthy Americans saved $21.7 billion in taxes on their investment income as a result of the tax-cut law.
The nearly 90 percent of Americans who make less than $100,000 a year saved on average $318 each on their investments. They collected 5.3 percent of the total savings from reduced tax rates on investment income."
Time for a BIG change. Yet, somehow I suspect the majority of Americans feel that it is their own fault they aren't getting by as well as their parents did.
Love the Government spokesdroid's comment:
'Mr. Fratto said the fact that nearly all of the growth in incomes was among those in the upper reaches of the income ladder and that the majority of investment tax breaks went to those making more than $1 million “is not a very interesting story.”
You may be mistaken Mr. Fratto-it's just not interesting to TV news.
Monday, August 20, 2007
Sunday, August 19, 2007
Saturday, August 18, 2007
Thursday, August 16, 2007
So our favorite political ‘genius’ Karl Rove went to the OxyRush Limbaugh show and explained just WHY I despise Dubya so much. It’s all cleared up now. The scales have fallen from my eyes! I’m an elitist! I’m effete! I can’t stand people with common sense! I hate Middle American values! I’m not a voracious reader with a passion for history, otherwise I’d probably realize just how good we’ve got it!
If you’ll look to the profile thingie on the side there, some people might think Rockford Illinois is somewhere in the neighborhood of middle America. I look around at what’s left of a small city that used to rely on a manufacturing economy and mostly what I see are ‘For Lease’ signs in the industrial parks. I see a crowded unemployment office with very few jobs posted that pay more than ten bucks an hour. I see house for sale signs all over the place. I see decent apartments costing 600 a month. I see companies that pay enough for someone to live in these apartments lowering wages and breaking unions so the already rich owners can afford a second or third Lexus (or that Ferrari they’ve had their eye on). I see older people trying to live on Social Security they’ve paid into their whole lives, people who don’t use a lot of prescription drugs, paying 100+ dollars a month they didn’t need to spend on insurance that is required for them to have. Good old Midwestern, common sense values.
Apparently Karl thinks Middle American values are:
Taxation without Representation.
Kicking the weakest people when they are down.
Making sure industries that make billion dollar profits get the government handouts they deserve.
Lowering the tax base even further so the poor exploited millionaires don’t have to settle for a 150 foot yacht when they really want a 200 footer.
Ensuring that only the ‘right’ people can vote without a hassle.
George W. Bush definitely represents Middle America too. I know many, many people who got legacy admissions into Harvard and Yale. Half the people I know have their failing businesses propped up by their Dad’s rich friends for political favors. I wish people would quit bugging me to accept sweetheart deals on baseball teams just so I can make multi-million dollar profits. You hear it in bars all the time ‘Man, if someone threatened MY Dad I’d lie my ass off so I could send in the US military to kick his ass!’ The standard 9 weeks paid vacation per year is just an accepted fact here.
Fuck you Karl Rove.
Monday, August 13, 2007
Friday, August 10, 2007
Well, first of all, I sincerely doubt Janis Joplin would be a Republican if she were alive today. However the line "Freedom's just another word for nothing left to lose" pretty much sums up the direction of the modern day GOP in my opinion.
Then there's the incomparable Rudy Giuliani describing his philosophy on freedom:
"Freedom is about authority. Freedom is about the willingness of every single human being to cede to lawful authority a great deal of discretion about what you do and how you do it."
Huh? This man is the self-described protector of American Values? Our last bet hope to stay safe from the civilization destroying threats of Islamofacism and, uh... ferrets?
I just read that quote and it reminded me of something.
The Declaration of Independence? Nope.
The Constitution? Nope.
Actually it reminded me of this:
'Work makes one free'
The gates of Auschwitz