Greek austerity plan includes tax cut for the rich

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Maybe this will blow your mind...

Last edited by marshall on 06 Oct 2012, 12:52 pm, edited 1 time in total.

The problem with the argument that hiking taxes creates unemployment or reduces GDP, or any other right wing talking point, is that it is demonstrably untrue. There are countries where the government has a controlling share in their GDP, like Germany or Sweden. Yet Germany and Sweden seem to be doing just fine economically. Historically, during the 50s, 60s, and 70s, the US had a higher tax burden on its wealthy citizens than it does now. Yet during that time we experienced tremendous economic growth. That was a time when you could feed a family and send your kids to school on one household income. Now, after 30 years of nearly uninterrupted right wing economic policy, an erosion of the middle class has occurred.

Conservatives act like governments just drop tax money on the sun, but that money stays in the economy. It provides services, utilities, it pays for scientific research, it pays for healthcare for senior citizens, it pays off the national debt.

Our taxes are lower right now than they've ever been since World War II. Yet despite getting these tax breaks for over a decade, the "job creators" that were the main beneficiaries sure are taking their merry damn time to create jobs. Last night, Romney mentioned something: that middle-class Americans have seen their incomes decrease by $4000 in the past four years. This is quite true.

What he neglected to mention was that middle-class Americans have seen their incomes shrink for the past ten years. This process had already begun long before Obama took office, and it has continued, largely due to Obama's center-right fiscal policies, which governor Romney mostly supports anyway.

The Germans particularly tend to the pretty pissed off about the euro though. A lot of them aren't keen and want to jettison it.

Hmm... That makes no sense. From everything I've read, the euro is weaker than a revived mark would be. Right now, it's the weaker euro that's driving Germany's export business. The last thing they need is a properly valued (strong) currency.

Germany is known for quality engineering though, people will spend the extra money for a German made car because of the added quality.

Try telling that to those who supported the old "buy American" campaign.

If GM was making sound business decisions instead of trying to sell defective cars, they would be in a lot better shape. Heck, they may need another bailout.

Ford didn't take any money and they are in a lot better shape.

I wasn't talking about GM and ford. I was talking about a campaign in the 80s, and maybe late 70s, that tried to convince people to buy American goods even though they were more expensive because they were higher quality.

It failed. Miserably.

Well that's interesting cause all the campaign contribution laws the democrats tried to push through EXEMPTED UNIONs!! !

Well, here's an idea - why don't the Republicans stop being so anti-union, so they can get union contributions, too.
Incidentally, the Teamsters under Jimmy Hoffa in fact donated money to the Nixon campaign. Nixon got hooked up with Hoffa probably by mutual friends like Carlos Marcello, Johny Rosseli, and other organized figures Nixon worked with as Eisenhower's VP, when he was handling the CIA-Mafia plots to kill Castro for Ike.

-Bill, otherwise known as Kraichgauer