This is What Class Warfare Looks Like
Do you see a pattern?
Increasing income disparity in the US puts us worse than or on par with much of Latin America in that category.
A former economic advisor to George W. Bush and John McCain is advocating lowering the minimum wage.
Someone making $100 million per year pays a tax rate just two points higher than someone making $175,000 per year.
Wall Street bonuses are expected to rise this year.
Businesses with rising profits are not hiring more workers.
CEOs who lay off more workers get paid more.
Senator David Vitter represents a state where the average household income is $43,635, but he looks out at an audience and tells them that a plan to repeal a tax cut for households making more than $250,000 per year would affect “virtually everybody in this audience.”
Senator Jon Kyl is fighting to protect tax cuts to the wealthiest. He also fought to block an extension of unemployment benefits to struggling families in an attempt to get an estate tax bill that would benefit…you guessed it, the very wealthiest families.
55% of all adults in the workforce say that since the recession began they have been unemployed, had their pay cut or their hours reduced, or become involuntary part-time workers.
Former House Majority Leader Tom DeLay says jobless workers don’t go back to work because of unemployment benefits.
JPMorgan Chase pretty much agrees with DeLay.
The pattern I see is working people struggling more and more, wealthy people having more and more, and Republican politicians and Wall Street allied to get more and more from working people and give more and more to wealthy ones.
And they like to say that anyone asking for a living wage, or to close a tax loophole for billionaires, is engaging in class warfare. What they really mean is, that opposes their own war on working people.
Tags: income inequality, minimum wage, unemployment, unemployment benefits extension, Wall Street
Great artical here. If any of these issues matter to you and you live in Ohio I encourage you to check out Dan La Botz running for senator. http://danlabotz.com/
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Great article!
I’ve had some comments on the situation myself:
http://pontificating-randy.blogspot.com/2010/09/paying-piper-part-six-incomes-fall.html
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Sorry I wasn’t in the audience when the remark was made that most people in a particular district would be affected by taxes on those making over $250,000. I would have raised my hand an told them I was no where near that amount. Ruth Peeples (retired on Soc. Security.
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Taking money from the rich to give to the poor – redistribution of wealth.
Taking money from the poor to give to the rich – capitalism.
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Workers don’t go back to work because of unemployment benefits huh? Hmmm, let me see; my unemployment ran out 6 YEARS ago and I STILL cannot find an employer to hire me. I was at a job for 22 years when I got laid off. I had been told so many times that college is the way to get a better job with better money. So, I get a B.S., graduate in the top third of my class, and more than 4 years later, I am no closer to finding work than I was 8 years ago. Why? one employer says I am “overqualified,” another says I am “underqualified,” or “I’m not a good “fit.”" What the hell is that; “not a good fit!” It is just more games employers play with workers lives. Geevie is right.
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