Habitation
Habitation's JournalRepublicans say tax cuts pay for "themselves"... Who are, or what is, "themselves"?
Well its obvious, "themselves" are Wealthy Americans Themselves! (or reptilians formerly called the 1%).
Themselves pay campaign contributions to the Republicans that are... PAID BACK 10x in TAX CUTS.
Themselves pay for investments in government debt (to finance the tax cuts) that earn interest and are... GUARANTEED TO PROFIT AGAIN FROM THE TAX CUTS.
(yes, wealthy Americans hold more IOU's than Chinese)
So to summarize: Themselves contribute to Republicans who then pass tax cuts where Themselves keep billions not paid as taxes (at much lower rates than we pay) and then use those billions to buy the same debt that paid for the tax cuts and finally make additional profit off the debt interest.
Some thoughts on how this is INSIDIOUS:
1. We don't fight back appropriately because the pain is felt by our children not by us
2. Themselves children will keep their parents billions
3. Our children will borrow from Themselves children for student and consumer loans
4. Themselves children will continue to profit from the interest paid by our children.
Tax cuts pay for "themselves"... Who are themselves?
Themselves is code for the campaign contributions from the super rich to the Republicans... PAID FOR.
Themselves is also code for interest payments to the super rich Americans who hold most of the debt... PAID FOR TWICE.
(yes, Rich Americans hold more IOU's than Chinese)
So they keep billions not paid as taxes and to pay for it they take their new billions, buy up the billions in government debt that paid for the tax cuts, and profit off their profits at the expense of our children.
(their children get to keep their parents billions, our children will borrow from their children for student and consumer loans)
So then their children will continue to profit nicely.
Republicans passed the Tax Cuts (for the Super Rich) to get campaign contributions
McConnell said precisely that during tax cut bill "debate" and everyone has the video so why isn't it in campaign ads?
The Radical Republican Agenda on Taxes
Incomes have been growing fastest at the top of the income scale for 40 years. Starting with Reagan, the series of Republican tax cuts has mostly benefitted the rich.
“An April 2004 CBO study showed that between 1979 and 2001 (the last year CBO examined), the average after-tax income of the top one percent of households rose by 139 percent ($409,000) after adjusting for inflation, compared to a 17-percent ($6,300) increase for the middle fifth of households and an 8-percent ($1,100) increase for the bottom fifth.”
"The magnitude of the income tax cuts and the change in tax rates under the Reagan-Bush-Bush regimes is important but there is more to the story. It’s also important to look at what taxes have already been cut: capital gains tax rates; taxes on dividend income; repeal of the estate tax in 2010; increased business depreciation schedules etc. Each of these changes favors those with investment income over those with labor income, thus magnifying the effect of the reduction of income tax rates."
Stop Coddling the Super-Rich
Income and Wealth: How Rich are the Super Rich?
http://zfacts.com/node/118
How “Voodoo” Caused Most of the National Debt
http://zfacts.com/p/318.html
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