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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Remember This From Michael Moore

Michael Moore said something that we should not forget about our economy.  And we should prepare to call in loans made to corporations and prosecute criminal corporatists for return of huge sums.  See the video at this link.   – – http://www.michaelmoore.com/words/mike-friends-blog/america-is-not-broke

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Senator Bernie Sanders Explains Our Economy

Independent Senator Bernie Sanders explains our current economics and taxation in an 18 minute speech. It sounds like the corporations who support Republicans want every last cent of your money thrown into the market free-for-all. – – http://www.youtube.com/watch?v=iuVlO_hVA0U

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Single Payer Health Good for Businesses!

Should the USA allow single payer medicare for all and relieve employers of the burden of providing health insurance??? Extra policies for insurance supplements, deductibles and copays as well as elective and cosmetic surgeries could still be sold by private corps! – – – http://ehbs.kff.org/

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