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In reply to the discussion: The “Fiscal Cliff” Hoax [View all]kentuck
(111,110 posts)28. Somewhere the Democratic Party is going to have to make a stand.
Otherwise, they are digging their own grave. How about this for a starter? How about we close all the loopholes so people like Mitt Romney do not hide all their money overseas and only pay 14% on the years they choose to make public? How about we ask these people to pay back some of the booty they acquired in the last 20-30 years? How about a tax rate of about 49% on those incomes in the 1% that do not create jobs. That is almost 97% of all millionaires and billionaires. How about that for a starter?
Also, since we ask working people to pay for their SS and Medicare thru payroll taxes, how about we ask the wealthy to pay for the tax breaks and big defense contracts in a similar manner? Why should SS be asked to pay for their goodies also??
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over the cliff is good for democrats instead of selling out to republicans...again nt
msongs
Nov 2012
#1
To paraphrase Krugman, this is a political crisis, not a fiscal crisis. Huge K&R nt
riderinthestorm
Nov 2012
#2
"... never really about the deficit... about using deficit fears to shred the social safety net..."
Scuba
Nov 2012
#6
K&R. Well said. Until we have a tiny transaction tax on Wall Street trades, or seriously reduce the
Overseas
Nov 2012
#16
Thank you. Bugs me that getting revenue from the wealthy is seen as a Concession by GOP.
Overseas
Nov 2012
#38
May I make a correction? Why don't more GOP'ers look... because the truth hurts them!
nightscanner59
Nov 2012
#21
Not only is the "fiscal cliff" a hoax, the Tea Party solution would create an economic disaster.
AdHocSolver
Nov 2012
#25