More trickle-down, Social Darwinism BS that didn’t work, isn’t working and WILL NEVER WORK, wrapped up in a fancy new package and being peddled by Louisiana Governor, Bobby Jindal. Here are some high(low)lights:
• Eliminates income and corporate taxes
• Increases sales tax by as much as 7%
• Will COST the poorest 20% of taxpayers who are making $12K a year $395–which translates into 3.4% of their income*
• Will COST the middle 20% of taxpayers who are making $43K a year $534–which translates into 1.2% of their income*
• Will SAVE the top 1% of taxpayers who are making over $1M a year $25,423–which translates into 2.3% of their income*
* Figures provided by THINK PROGRESS
WARNING: SOME LANGUAGE NSFW
“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.”-Plutarch,a Greek Historian.
“Once you realize that trickle down economics doesn’t work,you will see the excessive tax cuts for the rich as what they are–a simple upward redistribution of income,rather than a way to make all of us richer,as we were told”–Ha-Joon Chang(Faculity of Economics,University of Cambridge)
Since Reaganomics was introduced the the top 2%’s income has increased 275%,the middle-class income has increased 17% while the working poors income has increased a whopping 11%.Reaganomics was a Declaration of War.Class War.They have been redistributing the Wealth from the middle-class to the Bloated Filthy Rich.We sure and the hell didn’t start the war but by God we have shown up for the battle.
“The liberty of Democracy is not safe if the people tolerate the growth of private power to a point where it comes stronger than their democratic state itself.That,in its essence,is fascism-Ownership of government by an individual,or by a group.”-Franklin D.Roosevelt
“We are not attacking the corporations,but endeavoring to do away with any evil in them.We are not hostile to them;we are merely determined that they shall be so handled as to SUBSERVE the public good.We draw the line against misconduct,not against wealth.-Theodore Roosevelt(State of the Union,1902)
“Experience demands that man is the only animal which devours its own kind,for I can apply no milder term to the general prey of the rich on the poor “-Thomas Jefferson
Corporate Fascism is the problem and the Conservative ideology supports it.
And this creature thinks he has a chance to be POTUS. What ever happen to the Bob Dole and the like. Knew their position in the scheme of things. If he thinks that the Tea Baggers are going to fall for his crap he needs to look in the mirror and listen to their words. These people are not going to tolerate back to back brown skin in the white house. Case in point, their chants have expressed many times that the white house was made for white men only. Not even a white woman has a chance with these crazies. Then too, he may be moronic enough to think not to take the mirror reality or these crazy folks to heart. This tax idea of his would float with the Koch brothers and the like, but, these baggers would not go for it just because the color of his skin.
Another moronic Teapublican idea. The only reason Jindal is spouting this stupidity is to fish for political contributions from the upper 2%.