Collection of random comments from the blogs of a frustrated liberal.
LOWER TAXES on the RICH INCENTIVIZES GREED.
GREED, is the result of low taxes on the rich. For decades in America the tax rate on any earned income over $200,000 the equivalent of 2 million dollars today, was taxed at 90% the result CEO's would not take vulgar salaries knowing it would be taxes heavily.
GREED. 'In America the tax rate from 1934 till into the 1970's was 90% on any income over the equivalent of 2 million dollars a year in 2018 dollars.'
IT'S interesting to note from 1934 till January 1969 there was ONLY ONE PUBLICAN elected President of America. The left wing dominated politics for decades, especially under FDR. And that domination would have continued had John Kennedy not been assassinated.
GREED. What used to happen, CEO's knowing they would be taxed at 90% on income over the equivalent of two million dollars a year, would cycle the excess money back into the business, with better incomes for employees, health care, prescription drugs , generous paid holidays , pensions, even company cars, beautiful work facilities ANYWHERE but giving it to the tax man.
ALL that ended when the right wing conservatives did a huge snow job on the public, claiming lower taxes for the rich would TRICKLE DOWN which decades later turned out to be a total lie perpetrated on the workers.
Low taxes on the wealthy CEO's meant they no longer had to share that wealth , now thanks to the snow job the conservatives did on the public they could keep all for themselves.
YES low taxes on the wealthy meant they could keep it ALL ,they no longer had to look for ways of diverting all the wealth these companies created, no longer did they have to use employees salaries as a device to avoid the tax man, now these CEO'S did just the opposite, because now they could keep all that wealth with low taxes. These CEO'S started paying less and less to their employees, because now salaries were taking money out of the pockets of the bosses.
Of course the TRICKLE DOWN the greatest tax CON JOB of the twentieth century carried out by the REAGAN conservatives. The only thing that trickled down was all the good salaries of employees into the pockets of GREEDY CEO'S who now knowing with low taxes on their income they could keep it all for themselves. Employees became the obstacle of their cash grab, the result cutting staff, cutting salaries, cutting all frills paid employees. Work places became more Spartan and harsh as CEO'S knew every penny spent on the work place, was money out of their pockets. Employees became the necessary evil in the eyes of CEO'S .
Even company products suffered the greed of CEO'S, as all aspects of their business came under the scrutiny of the bosses, who now seen all aspects of their business as potential cash cows, including costs of creating their products. Now these CEO'S were looking for cheaper ways of making their products, that combined with stripping the work force to bare minimums , paying minimum incomes, cutting all employee frills, including all costs even safety, CEO'S knew that under these new LOW income tax rates, every penny saved would end up in their pockets. The employee hard fought incomes, safe work environments, unions became the impediment of CEO'S stripping bare their companies of all wealth.
In the 1950's US health care was not profit driven , greed was heavily taxed.The growth of the middle class reached the highest rates in the history. Democracy, the judiciary weren't under the attack by oligarchs. The tax rate was 90% on excessive wealth. Therefore it benefited NO ONE to be greedy, because that greed would end up in the tax mans hands and ultimately society to be used on infrastructure, including schools, roads hospitals which benefited us all.
Despite the right wing mistruths ,propaganda and outright lies, the real TRICKLE DOWN that stimulates economy growth is the spending of the working class, without whose spending and purchases, goods do not get bought and economies grind to a halt . Virtually every dollar earned by the working class gets spent and recycled back into the economy. That contrasted with the endless hoarding of the excessive wealth by the rich.
TODAY these rich American right wing conservatives are Cutting Seniors and Disabled from 'MEALS ON WHEELS' JUST to add a few miserly dollars to their wealth. An added wealth to these greedy that doesn't proportionately even amount to pennies on their income, YET they'd let seniors and disabled suffer just to keep these pennies, which in reality mean NOTHING to their total wealth. This is a SICKNESS beyond rational comprehension.
GREED of the American right wing conservatives are prepared to let tens of thousands of their own uninsured countrymen DIE yearly from treatable illness just to strengthen their bottom line take home income.
The GREED of these wealthy compels them to take millions of KIDS OFF HEALTH care coverage , some with life and death heart ailments others in the process of being treated for cancer , JUST to add a few more bucks to their year end incomes. This is despicable behavior , BUT the right wing crowd appear to applauding this outrages behavior.
Low employee wages, excessive accumulation of wealth by the greedy, the use of that wealth to distort society, income disparities ALL would go away if high taxes on any income over two million dollars a year were brought back .