Wednesday, May 25, 2011

FLAT TAX FLATULENCE DURING THIS DEPRESSION...

If Republicans think they can cut spending to transfer more money to the already obscenely rich during this Economic Great Depression...

They are delusional...

Any cuts to Food Stamps or Medicaid will put people in the streets...

The flat tax is simply a way to tax the poor ....its regressive by definition... And it should be remembered that the elites make their money mostly by capital gains in the stock markets...and they often have very little "ordinary income"...

What is really needed is a more steeply progressive tax rate...

Anything earned above $5 million annually should be taxed at 50%...because that excess money is probably coming from the government...one way or another...via government contracts, fees, over charges, or some kind of corporate theft or Wall Street "FED Supported" looting...at taxpayer expense.

Keeping the low wage earner protected...

And hitting hard those who benefit most from the government bailouts and the insane FED money printing for the stock market..is the only logical way to go.