Taxes and Inflation – Taxes and Inflation

No tax reform items will make it through Congress if those items touch the very wealthy. Congress is set to drive the middle class further downward, shred the net for the poor (they don’t count raging inflation for food and clothing) , and make the very wealthy much wealthier until at least the 2014 election. If you make less than $500k per year you better pray that the House goes Democrat in 2014.
- – http://news.yahoo.com/obama-pitch-buffett-tax-killing-corporate-tax-breaks-100313227–sector.html

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The Wealthy Are Not Job Creators

Entrepreneur and venture capitalist Nick Hanauer demolishes the falsehood that we shouldn’t raise taxes on the rich due to their being “job creators.” Of course, the continuance of the Bush tax cuts for the wealthy has coincided with high unemployment with rates.  Hanauer focuses on the fact that businesses don’t “create jobs”; they fill jobs in response to consumer demand. It is that demand that results in jobs and fuels the economy. Shoveling more cash at the wealthy is misguided and wasteful, he argues; raising taxes on the wealthy will benefit the true job creators, the middle class, and ultimately the rich themselves:

…I’ve never been a “job creator.” I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.

That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is the feedback loop between customers and businesses. And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be.

…That’s why our current policies are so upside down. When the American middle class defends a tax system in which the lion’s share of benefits accrues to the richest, all in the name of job creation, all that happens is that the rich get richer.

… It is mathematically impossible to invest enough in our economy and our country to sustain the middle class (our customers) without taxing the top 1 percent at reasonable levels again. Shifting the burden from the 99 percent to the 1 percent is the surest and best way to get our consumer-based economy rolling again.

…We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.

So let’s give a break to the true job creators. Let’s tax the rich like we once did and use that money to spur growth by putting purchasing power back in the hands of the middle class. And let’s remember that capitalists without customers are out of business.

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How the Banks Stole Trillions – When is Prosecution?

Don’t forget!  The FED and bank/criminal syndicate of UNFREE enterprise/criminal capitalism needs to be prosecuted and more than reformed – maybe shut down. The men in charge make Bernie Madoff look like a 5-cent lemonade stand!!!!! – - http://www.lewrockwell.com/blog/lewrw/archives/99726.html

 

Federal Welfare to Corporations Selling Fossil Energies

Has Washington sold us out to utility corporation lobbyists? – - http://thinkprogress.org/green/2011/11/07/363018/corporate-welfare-for-energy-companies-means-we-paid-24-billion-in-taxes-to-them/

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America – Two-Tiered Economy With Ever Widening Gap

This brief film clip explains a few of the reasons America is failing the middle and lower class.  NOTE:  Many of the undercutting regulations imposed by government agencies are supported and sometimes written by large corporate interests, essentially the big corps that don’t want competition.  – - http://www.economicfreedom.org/2012/01/23/economic-freedom-income-equality/

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Corporations Regulate Themselves and the Government

Many corporations regulate themselves however they wish and then regulate the governmental regulator as well.  Case in point:  BIG PHARMA.  The FDA along with other agencies, many that make grants, subsidizing favorite projects, are hardly more than bureaucratic rubber stamps for the biggest pharmaceutical corporations.  Having steadily taken control of the medicine market as they consolidated to ever larger mergers, these corporations have become to BIG TO REGULATE.  This trend is found in every industry and seems to be the best way for corporate execs and plutocrats to put the government of the People and the Free Market in their places.  This film clip is one example in one industry, BIG PHARMA.  -  -    http://www.youtube.com/watch?feature=player_embedded&v=jRua3NLg-Z8#!LA_Times_2h

American Cell Phone Ripoff Industry

How much does it cost to run countless cell phone plan advertisements on countless TV channels, countless radio stations, countless magazines and newspapers?  You ought to know, you pay for them.  The cell phone industry has paltry regulation that essentially ignores pricing and customer satisfaction.

Other countries have passed laws that limit the costs of cell phone services to reasonable levels, which forces cell phone corporations to curb their idiotic spending to corner the market to criminal levels.  Pre-paid or bundled, the prices are ridiculous.  These services all vow better connections, more service area, better customer support – all poor compared with many other nations with better regulations.  Check out PureTalk – not hypersold, but perhaps the best value for most needs in America.

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