FIRE'd@51
Thinks s/he gets paid by the post
- Joined
- Aug 28, 2006
- Messages
- 2,433
Well, this is the standard kool-aid.
- The problem is that we borrowed money to fund those tax cuts for mostly people that were rich enough that they didn't need it.
This has become a mostly winner take all economy! With CEOs making a higher multiple of worker salaries than ever before. Companies eliminating and defaulting on pension plans, unions, health care just so that we can have the highest paid executives in the world.
It is not moral or in good defense of the country to abandon it's worker's health care needs to enrich executives. Most all of the poor helped these executives get rich and it is the rich's responsibility to ensure that the people that made them wealthy are taken care of in their illness or old age.
There are hardly any rich people that I know of that did not make their money on the backs and hard labor of the working class. Entertainers such as Madonna and Paul McCartney are probably exceptions, yet they don't seem to have the 'I made the money all by myself' delusion.
Nice rant, but are you saying that raising the tax on dividends and capital gains doesn't raise the cost of capital?