Tag Archives: rich taxes

230. One USA Party Spews Misleading Phrases.

5 May

Certain words and phrases are repeated over and over again, by politicians. Many of these are false and/or misleading. Here are some typical examples of false assertions.

FALSE: Democrats want to raise taxes.
CORRECT: they want to raise taxes, ONLY for rich people and corporations.

False: Socialism is bad for the country.
Correct: Socialism affects the very wealthy, but is great for the poor. (I don’t feel bad for someone with 20 billion who must be satisfied with 18 bil.)

False: Democrats promote socialism.
Correct: They promote capitalism with some limitations to protect the non-rich.

False: Most poor folks receiving government help are lazy.
Correct. Most poor folks really want decent jobs. There are many valid causes for poverty, such as disabilities, flood and fire disasters, identity theft, poor health, failed investments, etc. A young person could commit a crime, have a record, and find it employment difficult.

False: Massive gov financial support for the wealthy, will “trickle down.
Correct: History shows that money given to the wealthy doesn’t trickle, but mostly has other uses, such as bonuses.

False: Those who attacked our capitol on Jan. 6 were NOT Trump supporters.
Correct: The attackers came from a nearby Trump rally and had Trump flags, hats, and other apparel.

False: Wealthy persons and corporations pay taxes at the established rates.
Correct: Through biased legislation and clever accounting, many of the extremely rich pay little or no taxes at all.

False: “America first” is the best policy.
Correct: While support for our people is most important, our global role also is important. “America first” in practice means rich US people first.

False: “Make America Great Again” makes sense.
Correct: Clearly at times in our past: markets were steadily rising, we were not fighting wars, we were viewed as an example of good gov, and other nations respected us and relied on our support. Our allies, then, made us stronger.

False: The vast majority of news organizations produce “fake news.”
Correct: Except for minor mistakes, major news organizations produce valid news. It is Trump that regularly lies.

False: Our election system produces false results (when Repubs are not elected).
Correct: Every USA State certified our last election. Trump clearly lost in the electoral college and in a significant popular vote. The lies undermine our democracy. Voting “reform” is actually voting suppression.

20. Mr. Jones Saves Capitalism

26 Apr

The TED Conferences are a valuable source of intellectual information and stimulation.  I was excited when I read the recent talk title “Why We Need to Rethink Capitalism” (April 2015) by Paul Jones.   He describes “income inequality” and makes us feel that he really cares about this issue. He admits to being extremely wealthy but immediately rejects the idea of “higher taxes”, it’s not on his “bucket list.”  Note that he says simply “higher taxes”, not “higher taxes for the rich”. This is the first clue that we are getting brainwashed, and it is a typical ploy of Republicans: shortening “raising taxes for the wealthy”, a Democrat ideal, down to “raising taxes” to scare the general population.

What he suggests is something very special.  He proposes “actually trusting the system that got us here.” We must increase the “justness in corporate behavior”.  In fact, he actually started an organization devoted to determining and implementing “just corporate behavior”.  He does not propose a solution but leaves it up to the public to lead this effort.  Pure capitalism cannot be trusted — that is why “anti-trust” legislation was implmented early in the 20th Century. History shows that unregulated capitalism often spirals out of control, leaving poverty and despair in its wake.  Remember Enron, and remember the banks “too-big-to-fail” with the bailout paid for by the public — and many other examples.

No doubt this idea will please the naive.  And rich people will be happy to work on a voluntary system that will be a diversion from real solutions.  This approach at best will provide token improvements and will make happy those that should be paying higher taxes.  We must raise tax rates at the highest levels, and close tax loopholes, many of which were created by congressional payoffs.  I have worked with government-supplied data to see if increased taxes could provide substantial help for those in need.   Regardless of what politicians say, it will help, and some of the increased revenue could be devoted to infra-structure repair (a job creator).

It is sad that the obvious Republican diversion tactics from real solutions like higher tax collections from the rich, can be effective with large segments of our population.  For decades, rich people have enjoyed unfair income advantages, and it is time to implement real change.  A final thought: there are some moral rich people who realistically promote tax fairness, but most got to their elevated positions by the ruthless disregard of others less fortunate.