Weekly Address: A Path Towards a Thriving Middle Class

[Lady Freedom Returns]

Published on Jan 31, 2015
In this week’s address, the President described the progress our economy has made, laying a foundation for a future that prioritizes middle-class economics. January 31, 2015

[Warpy]

1. You don't get a middle class unless you make one

You raise taxes on the rich.

You raise the minimum wage to a living level.

You punish corporations for moving their plants offshore by taxing their sales here to make slave labor in China far less atrractive.

You reward corporations for building plants here with tax holidays until their profit is over a certain percentage.

You tax unearned income on a sliding scale.

You tax transactions on Wall Street.

And you go back to making corporations pay their fair share. If they continue to hide money overseas to escape transaction, you saddle them with foreitn corporation status, increasing their paperwork so much that they just sigh and pay their fucking taxes.

You also progressively tax inheritances, with exemptions for family farms and businesses until either is sold.

If you don't do these things, you end up with a tiny aristocracy and a vast population in penury.