Relevant:
- The Stealth Public Bailout of Reckless “Countrywideâ€: Privatizing Profits and Socializing Losses
- The Stealth Public Bailout of Reckless “Countrywideâ€: Privatizing Profits and Socializing Losses
- How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More
- Tax the Rich (An Animated Fairy Tale)
- 50 years of tax cuts for the rich failed to trickle down, economics study says
2008-09-19 — wordpress.com
We pay taxes - and not on our “profits†mind you - We pay taxes on the money we use to buy food, fuel, clothes for our kids, and everything else we have to fork out to get by every month. They want Us to pay for it. When I think about that I forget to breath for a minute. The don’t just want us to pay for it, they are making us pay for it, and we will pay for generations to come.
Paulson and Bernanke are asking for a Blank Check to bailout people who had profited from the lax oversight and underwriting for years - and Pelosi Purse-strings has pledged to roll over on anything and push a bill through hastily, so they can all go home for a long vacation. Congress probably will not even read it. You know they are not writing it, they will leave that to the lawyers and Corporate Lobbyists - you know, the “Experts.â€
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Comments:
tvsterling at 06:57 2008-09-20 said:
No doubt about it now America is in big trouble. The question of the hour is Deep Recession or Depression? Yes, that's the crux of the matter. The article contains a plea for common justice for the average citizen, even more for common decency. Obscene, that's the word for what's going on. All these rich expecting & entitled to rise above the hurly burly no matter what the cost to the people of the country who by rights ARE the country. This orthodoxy which claims that our fates are one in the same(the rich & the rest of us); excuse me, I beg to differ on that. The true root bottom cause of the housing bubble is simple. Americans can no longer really afford a decent house. The whole base of America is half rotted away by off shoring & illegal cheap foreign workers. The novel financing schemes were a way of masking all that & wishing it away. The stock market really is a sort of Ponzi Scheme. It's based on faith, sort of a modern temple of Mammon. A crisis of faith leads to a crash. The references to Fascism are based in true history. The Nazis took over in Germany largely because the beaten down, desperate people allowed it to happen. The rich need to pay for their greed & not be dusted off & have it all handed back to them. In the name of justice & for the good of the country. America cannot afford to remain a welfare state for the rich. Permalinkadd a comment | go to forum thread
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