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Tuesday, March 01, 2011

Class warfare - a study in irony

  • In 2001, a 10-year tax cut for millionaires costing the middle class $700 billion.
  • In 2011, a 2-year extension of that tax cut in the face of a $1.5 trillion deficit.
  • A financial crisis caused by rich bankers playing funny with money, none of whom go to jail, but who the middle class bails out to the tune of $700 billion.  
  • In three years, Wall Street profits rise 720%, while unemployment doubles and middle class home equity falls by 35%.
  • Corporations pay just 10% of federal taxes (down from 30%) while income taxpayers (the middle class) contribute 40% (up from 10%).  And the rich pay half what they used to in income taxes on their highest dollar.
  • A governor takes a 20 minute phone call from a rich donor (he thinks) while ignoring phone calls from elected legislators.
But class warfare?  Only happens when teachers want to keep their union so that their hourly wage barely scrapes past the federal minimum. 

Dear rich people, Fox News, and Republicans.  I'm a middle class warrior, and my class is out to take our money back.  See you in Madison.

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