Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Wednesday, October 03, 2012

A Vote for the GOP is a Vote Against the Middle Class

by Len Hart, The Existentialist Cowboy

There is --unfortunately --NO middle ground in a two-party system. There is no compromising with evil. The fact is the GOP is the enemy of the middle class; it is, in fact, the party of 'make war and share the booty with the cult of the ruling elites".

Put another way: the GOP is the party of 1) WARS FOR BOOTY 2) WARS which benefit ONLY the ruling elites.

The Romney-Ryan-Republican plan in a nutshell:
  1. It would, in effect, end Medicare, defund Planned Parenthood, repeal Obamacare
  2. It would slash student aid;
  3. it would GUT Social Security.
FACE THE FACT

The United State is not nor has it been for some time a NET EXPORTING NATION. The U.S. no longer markets its products abroad; the United States no longer makes a living.

Rather --the U.S. makes a KILLING by waging wars of naked aggression which benefit ONLY the Military-Industrial Complex and a ruling elite class to whom our nation is economically enslaved.

Tax cuts benefting ONLY the ruling elite has very nearly wiped out the middle class. The millions who still believe in the middle class and/or 'fair play' MUST organize at the grassroots now. Otherwise, the GOP will BUY ITS way into power with a flood of million-dollar checks from the Koch brothers.

Also see: U.S. workers stand against Mitt Romney model of outsourced jobs



REPUBLICAN'S WAR AGAINST THE MIDDLE CLASS AMERICAN


Monday, February 20, 2012

Illegal Immigrants Pay More Taxes Than Many Top U.S. Corporations



by Len Hart, The Existentialist Cowboy

If 'corporations' are people, then why are they NOT paying their fair share of taxes? Some pay very little! Some pay no taxes at all! The tax burden has, in fact, fallen upon REAL people and that --in itself --proves the LIE to the SCOTUS decision known, simply, as "Citizens United" in which five robed liars decreed that 'corporations' were 'people'. Citizens United was not a 'decision; it was a bald-faced lie! If it had been the truth 'Corporations' --being 'real' people --would be paying their fair share of taxes just like hard working and often hard pressed American REAL 'real people' are doing and have been doing since this nation's founding. And, when caught breaking the law, they would be imprisoned as are 'real' real people! If the letter of law applies to people and not to corporations, then corporation are NOT and will never be 'people'! SCOTUS has become crooked!
According to the Institute for Taxation and Economic Policy (itepnet.org), undocumented workers paid billions in state organization that works on federal, state and local tax policy issues." GE, remember, paid NOTHING. Though conservatives will likely put ITEP alonside FactCheck and PolitiFact as liberal propaganda machines, ITEP is, as the NY Daily News reports, "a prestigious, nonprofit, nonpartisan research

--Illegal Immigrants Pay More Taxes Than Many Top U.S. Corporations
Vermont Senator Bernie Sanders has put out “A Guide to Corporate Freeloaders.”

  1. Exxon Mobil’s 2009 profits totaled $19 billion, yet according to its SEC filings, the company received a $156 million rebate from the IRS plus it didn’t pay any federal taxes.
  2. Bank of America made $4.4 billion in profits last year. This was after it received a $1 trillion bailout from the Federal Reserve and the Treasury Department, and a $1.9 billion tax refund from the IRS.
  3. General Electric has made $26 billion in profits in the United States over the past five years. It’s also received a $4.1 billion tax refund from the IRS. GE has cut a fifth of its American jobs in the past nine years, and is boosting jobs overseas – where tax rates are lower. And where it can continue evading U.S. taxes.
  4. Chevron’s IRS refund last year totaled $19 million but it’s 2009 profits came to a whopping $10 billion.
  5. Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers. It also received a $124 million refund from the IRS.
  6. Valero Energy made $68 billion in sales and received a $157 million tax refund check from the IRS. Over the past three years, it has received a $134 million tax break thanks to the oil and gas manufacturing tax reduction
  7. Goldman Sachs paid 1.1% of its 2009 income in taxes. Yet it made a profit of $2.3 billion. And guess how much it received from the Federal Reserve and U.S. Treasury Department? $800 billion.
  8. Citigroup profits last year totaled more than $4 billion. But it paid zero dollars in federal income tax, and received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
  9. ConocoPhillips profits from 2007 through 2009 totaled $16 billion. But it was still awarded $461 million in tax arrears because of the oil and gas manufacturing deduction.
  10. Carnival Cruise Lines is apparently getting pretty good business. Its profits over the past five years totaled more than $1.1 billion. It’s federal income tax rate, however, came to just 1.1%.
Experience had led me to believe that most of the so-called 'illegal immigrants' who live and work in the U.S. are honest, hard-working folk. They work, raise children, shop, spend money! In fact, they represent a far greater infusion of 'monies' into the economy than do corporate leeches.

These so-called 'illegal aliens' are, in fact, paying their fair share and more! Corporate crooks often pay NOTHING whatsoever even as they export jobs, possibly your job! They leave it to real 'real' people to take up the slack!

Unlike corporate leeches upon the economy, so-called 'illegal aliens' do not export jobs. Jobs stay right here in the U.S. That is in stark contrast to GOP policies in general which have always resulted in the decline of U.S. jobs, in effect, a net export to those nation's with whom we have a negative trade balance --significantly: China. [See: CIA World Fact Book, Current Account Balance]

It has been asked: when did America, a country whose narrative and history was built on the sweat of immigrants, turn against immigration and immigrants? That's easy! That result came about with the rise of the GOP --a party of lies, scapegoats and excuses!

It has been said that there has always been a strong anti-immigration element in America! But I believe that that was not always the case. In fact, the Native Americans were here thousands of years before Europeans showed up and, in many if not most or all cases, Native Americans welcomed the new arrivals. They paid dearly for it. There are myriads of stories of genocide and atrocities. I refer the interested reader to Howard Zinn's A People's History of the United States, specifically, his description of the fate of the Arawaks.

In the meantime, all Americans of every ancestry and origin must begin to think clearly about transperant, bald-faced lies that are invariably told and sold by the U.S. GOP --not a political party but an evil kooky cult.

I suspect that if all immigration --legal or ill --were stopped overnight, the nation would be plunged into a recession/depression. Few economies are so large that they can simply kiss off an overnight withdrawal of some several billion dollars! Banks would fall like dominoes.

To be fair, it is not only Hispanics that the GOP begrudges health-care! It's Americans of any origin or political persuasion! Their motto was best articulated by one Ebenezer Scrooge whom Dickens "quoted" thus: "Are there no workhouses? Are there no prisons? Then let them die and decrease the surplus population!"



Sunday, July 11, 2010

Let Them Eat the "Higher Pie"

by Len Hart, The Existentialist Cowboy, Doug Drenkow, Communications Specialist

The U.S. right wing consistently mistakes bigger slices of a smaller pie for growth! In fact, wealth is the product of labor. Therefore, real growth creates larger pies, larger slices. Real growth is, by definition, egalitarian or not at all! America's ruling elite amounts to just one percent of the total population and they own more than the rest of us combined.

Economists call a 'shrinking pie' a 'contraction' but, since Ronald Reagan, the rich have enjoyed the growth of their 'slices' as the pie itself shank. With every GOP tax cut since 1900, the economy has contracted but the 'slices' owned by the elite increased. The rich decrease as a class but grow wealthier with bigger slices. If you can visualize this, you will have mastered right-wing, trickle UP economics.

The effect for everyone but the very, very rich is called 'depression' i.e, 'contraction'. This process can be modeled mathematically. Anyone not a member of the top one percent voting GOP votes against his/her own interests. Anyone voting GOP expecting to join them one day is insane. There is no 'higher pie' --only a shrinking one.

When I am charitable, I suspect that their perspective is myopic in the extreme. More realistically, I suspect that they just don't care! Or worse --the transfer of wealth upward to just one percent of the total population was deliberate and achieved with a carefully crafted program of GOP tax cuts beginning with Ronald Reagan's tax cut of 1982. Only the very richest people in America benefited. Everyone else got poorer in terms of dollars earned but also as a result of declining purchasing power as prices are bid upward by the wealthy.

Since 1900 the U.S. has 'experimented' with 'robber baron economics', 'supply-side economics', 'trickle down theory' and assorted 'stimuli' that also put the fat cats and so-called 'investor' class at the top of the pecking order with often tragic results --the Panic of the late 1800s, Hoover's Great Depression, Ike's 'Recession', Reagan's 'Tent City' Depression of over 2 years! Anyone not seeing the pattern is just not paying attention.

My thoughts along these lines are inspired by the following article by my good friend, Communications expert, Doug Drenkow.
Presently, there is a great debate in the United States and beyond: In this, the greatest recession since the Great Depression, should the government spend more money on putting more people to work -- or saving more jobs, as by the federal government helping our increasingly desperate state governments -- or helping unemployed workers pay their bills till the job market turns around? Or should the government of this and many other nations focus more on paying down our historic debts, by cutting spending and/or increasing taxes, to stabilize our economies and thus, presumably, turn them around?

Do we so soon forget where most of that debt came from, where most of our money went? In the United States, much has been spent bailing out institutions "too large to fail" as well as propping up the rest of our economy, although apparently not enough -- thanks in large part to fiscal "conservatives," in both parties, who slashed last year's stimulus bill in half.

But even more than that, our treasury has amassed massive debts due to tax cuts that went mostly to the wealthy, under the administration of the previous president, and that were unfunded, as were the wars that were then started, with or without just cause, and that rage on, although now with ends apparently in sight.

In short, as many "deficit hawks" propose, should the Social Security, education, public safety, and other programs benefiting the working people and middle class of America be dramatically cut? Should the wealth of the country -- the product of the work of the workers of the country -- be in (unstated) effect permanently shifted from the bottom to the top, exacerbating the already historic inequality of wealth?

Although such authorities as Nobel Prize-winning economist Paul Krugman do a better job of explaining the whys and wherefores, the bottom line is this: If the working families in America and beyond do not prosper, how can the nations we build and maintain and defend and support do anything but wither?

Never forget, America is ultimately no greater than the sum total of the hopes, dreams, aspirations, and everyday lives of all our "everyday" people.

From the Declaration of Independence ...
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed."
... and the Constitution ...
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
... to the Four Freedoms, espoused by President Franklin D. Roosevelt ...
"In the future days, which we seek to make secure, we look forward to a world founded upon four essential human freedoms.
"The first is freedom of speech and expression -- everywhere in the world.

"The second is freedom of every person to worship God in his own way -- everywhere in the world.

"The third is freedom from want ... everywhere in the world.

"The fourth is freedom from fear ... anywhere in the world.

"That is no vision of a distant millennium. It is a definite basis for a kind of world attainable in our own time and generation."
... and the challenge issued by President Barack Obama ...
"I'm asking you to believe. Not just in my ability to bring about real change in Washington ... I'm asking you to believe in yours."
So as we celebrate America today, let us protect, nurture, and cherish all the extraordinary "ordinary" people who are Americans. And let that be the guiding principle in our negotiations over budget, unemployment, and all the other public business of America. If U.S. working families work and prosper, then so will America. If not, then God have mercy on us all.

Douglas Drenkow
Clearly, the U.S. remains powerless to address these issues as long as the government is literally owned by the dwindling few who benefit. It is simplistic and naive to expect a government beholden to the super-rich to work -in good faith --for those who are denied both a voice and a meaningful role in this 'government of the people." It is simplistic and naive to expect a robber baron class to simply bow to the will of what it must surely believe is but a great mob of unwashed masses to whom is left an absurd choice by elites and/or idiots: 'higher pies' or 'let them eat cake! It is folly to assist the theft of U.S. wealth by this robber baron class. It is America's death knell that so few care and that so many multitudes will suffer!