The “Occupy Wall Street” protests have been happening for over ten days and mass media are still pretty much ignoring the massive event. Despite the fact that the gatherings are overwhelmingly peaceful, several cases of police brutality and mass arrests have been reported. Do you expect anything else from the NYPD, which recently got an “unprecedented” donation of 4.6 million dollars from JP Morgan & Chase to “pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center”.
So this is why the NYPD protects the rich and not the 99%. Money is the new religion.
Conservative Bullshit: Chapter One
Tax breaks for job creators help the economy.
This is in Republican fairyland, where by “job creators” we mean very rich people, and by “tax breaks” we mean that we’re giving them more money.
1. Giving more money to very rich people does not create jobs. If a very rich person (or company) suddenly finds itself with lots of extra money, there is nothing at all to suggest that they will spend this money on jobs. Think about that for a moment - why would they? They might hang on to it as liquid assets, they might merge with another company (which usually creates more unemployment) or they might just buy a fleet of yachts or something (which, if you’re concerned about unemployment in the yacht sector, might be good news I guess?). And even if there were some way to force companies to hire people (and remember that conservatives don’t seem to want to force companies to do anything), they’d probably outsource.
2. There is a way to put heavy pressure on manufacturers to create more jobs, and that is to increase demand for their products (especially in a country like America that seems to run its domestic markets on demand rather than supply). And one quick, easy way to do that (as Franklin Roosevelt discovered) is to pump money into the bottom of the economy. In other words, giving poor people more money will create more jobs. You can make them do bullshit jobs to get it, if you like; it won’t make any difference to the overall effect. Taxing rich people more than poor people isn’t “unfair” or “punishing the successful”; it’s fixing the economy.
Basically, the real job creators are the average every day consumer.
The notion that someone, somewhere might work a full-time job for more money than what it keeps to barely keep them alive so they can work more sends these people around the bend.
Which is why I propose dusting off an old term and bringing it back in fashion to describe their ideology. The current ones are insufficient. “Libertarian” makes no sense, because they oppose the rights of workers to collectively demand better wages, a fairly basic liberty. Instead, they expect these people to work hard and slobber gratefully that their masters tolerate paying them at all. Nor are they really “conservative” in any meaningful sense. I don’t like conservatives, but conservatives are people who object to social progress. But the existence of an American middle class has been around for a century now, and conservatives in the past were far less likely to object to its existence on the ideological grounds that no one but the rich deserve to have squat.
There’s really only one term for people who believe, as a matter of ideology, that a handful of people deserve to own everything and the rest of us should living lives of endless work and squalor, with perhaps a slender class of people who get paid pretty handsomely to protect the interests of those who own everything: feudalists. That’s the system that they’re clearly advocating for, albeit in modern terms, where the billionaires and company owners are our kings, top executives are the knight class, and everyone else is a peasant who works to death, gets four hours off for church on Sunday, and needs to be grateful that his masters allow him that.
Millionaires Don’t Pay Taxes? According to IRS, nearly 1500 of them didn’t last year
Southern California has more millionaires than just about anywhere else in the nation, with L.A. coming in at No. 1, Orange County at No. 4, and San Diego ranking No. 6 in cities with the most seven-figure-plus households in 2008.
So maybe we should feel a little guilty, especially as President Obama and the GOP are headed toward draconian federal cuts, the United States’ credit rating is down a notch, and the stock market is diving like a conservative congressman in a bathroom stall.
Because many millionaires and billionaires, it was revealed today, don’t pay taxes like you and me:
In fact, many don’t pay taxes at all. Now, those familiar with the Mack-truck sized loopholes written into the tax code (example: the wealthy who make their money off capital gains only pay a 15 percent tax rate, if that) shouldn’t be surprised.
According to a recently released IRS report (PDF), 1,470 millionaires and billionaires paid zero taxes in 2009.
The report states that donations to charity, investment in government bonds, and taking cash from overseas operations has resulted in a legit, $0-tax bill for these high rollers.
Of course, some Democrats in congress have been trying to eliminate tax loopholes and discounts as part of the debt ceiling debate. But while Republicans are gung-ho to cut federal largess in the name of a solvent Republic, they’ve been quick to protect those who live largest.
In fact, as we recently told you, the 400 richest earners across the land pay a 17 percent tax rate (yours is more like 35 percent).