To Save 99% of Americans - We Have to Tax the Rich
By Thom Hartmann A...
The massive inequality we are now experiencing in the United States has a singular source. It started with the Reagan tax cut that took tax rates on the wealthiest Americans from 74%, where it had been for two generations, and lowered it to 25%. Immediately, instead of investing in their businesses or paying their employees well, wealthy CEOs begin to divert money from their companies into their own paychecks. Subsequent tax cuts by Bush and Trump made the situation even worse. Now we learn that the majority of billionaires and multimillionaires surveyed - fully 60% - actually support Elizabeth Warren's proposed tax on the ultra, ultra wealthy. This is the only thing that will re-balance our economy so that the middle-class can begin growing again. The middle-class had been steadily growing in income and wealth from the 1930s until the 1980s, when Reagan began killing the working class by cutting the top tax rate on their bosses.It's time to reverse the Reagan, Bush, and Trump tax cuts and restore sanity to our tax code so that working people can once again get a fair share of the American economy.
-Thom
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Thom & Louise at a "private audience" with His Holiness Pope John Paul II at his summer palace, Castle Gandolfo, Italy
From Screwed:
"I think many of us recognize that for all but the wealthiest, life in America is getting increasingly hard. Screwed explores why, showing how this is no accidental process, but rather the product of conscious political choices, choices we can change with enough courage and commitment. Like all of Thom’s great work, it helps show us the way forward."
From Cracking the Code:
"In Cracking the Code, Thom Hartmann, America’s most popular, informed, and articulate progressive talk show host and political analyst, tells us what makes humans vulnerable to unscrupulous propagandists and what we can do about it. It is essential reading for all Americans who are fed up with right-wing extremists manipulating our minds and politics to promote agendas contrary to our core values and interests."
From Cracking the Code:
"Thom Hartmann ought to be bronzed. His new book sets off from the same high plane as the last and offers explicit tools and how-to advice that will allow you to see, hear, and feel propaganda when it's directed at you and use the same techniques to refute it. His book would make a deaf-mute a better communicator. I want him on my reading table every day, and if you try one of his books, so will you."
Fairly taxing the total wealth (not just income) of the excessively greedy for their big piggy bites of the apple that leave the rest of us with nothing but a dried-up core, while at the same time getting their filthy money out of OUR election process -- NOT their's! -- would certainly realign priorities in OUR economy -- NOT their's!
Let's reverse the dynamic and raise taxes on the topmost brackets, controlling most of the nation's wealth, to finance lowering taxes on the increasingly impoverished middle class, now paying with blood money for the largesse lavished on the Republican donor class, who have mercilessly attacked our wounded, nearly vanquished democracy. That, thanks largely to Mitch McConnell's highly partisan, no doubt unconstitutional, blockade of all legislation that would claw back power to the people.
And on a parallel track, let's also stop enabling a wicked, for-profit "offense" industry waging endless, greedy wars of choice, which are drowning taxpayers in debt and diverting desperately needed investment in crumbling infrastructure and other critical domestic spending, deliberately neglected by Republicans for decades.
Enough with wanton warfare for the dwindling resources of Mother Earth!