Wednesday, August 3, 2011

Tax the top 2% at a higher rate.

97% of small business owners are not in the top 2% income percentile­, so eliminatin­g the Bush Tax cuts on that group wouldn't effect them at all.

The top 2% don't use their tax cuts for job creation here, they either hoard it or invest it overseas which creates jobs for India and China.

What drives the lion's share of small businesses in this nation are low income consumers who put every penny of their income into the economy and a thriving middle-cla­ss with disposable income. You start cutting the salaries of teachers, firefighte­rs and cops...you damage the economy. You start driving down the wages of workers and cutting benefits to give CEO's $10-60M salaries..­.you damage the economy. You cut the social programs workers have funded their whole lives...yo­u damage the economy.

The bottom 98% matter to the health of our economy, the top 2% do not.
The big lie right now coming out of the right-wing propaganda machine is that the rich are the job creators. No - it is the people who buy stuff who are the job creators. Without demand, our country is going down the tubes. What makes this whole thing sad is that Tea Party dolts think that taxing the top 2% is bad for America. What is sad is that the average Republican would rather cut social programs for the poor and aged than see the top 2% pay a little more. Do they hate Obama that much that they can't see the forest for the trees ?

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