| President Obama promised hope and change. Hope and change is still unrealized but in progress. Unfortunately it is impossible that 30 years of policies that inherently undermined the American middleclass can be turned around in 20 months. It took over a decade to get out of the Great Depression and not until extreme stimulus spending effected by World War II were we able to get out and use that stimulative springboard of government spending to prop the private sector to create an unprecedented employment boon.
While we claim to fight wars on freedom, terrorists, taxes, and many other issues that hardly qualifies as wars, we forget to fight that war that afflicts 97% of Americans. Class Warfare is being waged against over 295 million Americans. If there is a war worth fighting now, this is the war.
Americans are justifiably angry. They are angry because of a jobless recovery. They are angry because of an overwhelming budget deficit whose effects they do not quite understand. They are angry because of unfettered increases in healthcare cost.
Supposedly this anger was instrumental in the formation of the Tea Party grassroots movement. While this may be partially true, the Tea Party comprises the amalgamation of three distinct factions. There is the conservative/quasi-libertarian faction that simply wants small government. There is a super wealthy/corporatist faction that finances the movement and serves as chief purveyor of misinformation to maintain the status quo. And finally there is the racist militant faction that wants to take the country back given their disdain that Americans would elect a black president.
The latter faction while physically dangerous is inconsequential for America's future success as the vast majority of Americans are good people. Of major consequence is what the wealthy/corporatist faction is doing to corrupt the body politic of the country. They have used corporate and personal wealth to perfectly orchestrate a plausible alternate reality. In this alternate reality irrespective of past experience, economics, & mathematics, keeping low taxes specifically on the wealthy (wealthy disproportionately owns most of the income and wealth and as such pay most of the taxes), will somehow generate enough economic activity to increase the absolute value of taxes while reducing the budget deficit. They even got an economist, Arthur Laffer to create a silly curve known as the Laffer Curve to prove this alternate state of reality. The Reagan vs Bush1/Clinton economic policies disproved the lie though the Right continues to disregard reality.
Because of the mainstream media refusal to present the reality of our current economic morass and because of the Right Wing echo chamber continued spewing of misinformation, many political junkies have decided to write books and blogs to attempt to provide information in a cogent manner. I've added my own insight with my book "As I See It: Class Warfare The Only Resort To Write Wing Doom" at http://books.egbertowillies.com as well as my blog http://politicaltruths.info .
This current election is important. In that light;
- While exploring your support for maintaining tax cuts for both the middleclass as well as the wealthy, consider that on average the middleclass top tax rate is 35% while the wealthy is 15% because income from work is progressively taxed at a higher rate than investment income.
- While exploring your support for ever more reduction in corporate regulations note that said policies have led to the outsourcing of a large percentage of our manufacturing jobs among others. While the wealthy benefits from the cheap labor of said outsourcing, the middleclass continues its decline.
- While being told that repealing the tax cuts on the wealthy would cost jobs, do remember that ten years of that tax rate created no net jobs while more proportional tax rates created the largest expansion in American history in the 90s. The reason is mathematical. The wealthy' s marginal propensity to consume is much less than the average middleclass American. In other words, the middleclass will spend more of their disposable income thus creating more economic activity than the wealthy who already can spend as they please and will not necessarily invest that excess in creating jobs in America,
- It is impossible that the wealthy can be considered overtaxed when middleclass income has fallen 5% in the last decade while the wealthy has continued to grow. The same applies to wealth in worst proportions as well.
It is understandable that in our busy lives, researching for truthful information is neither at the top of our list or something we want to do given the perceive view that our media is providing us legitimate information. The media must balance its interest between its corporate advertisers and its listeners. As such the listener will always be at a disadvantage. Knowing that, it is incumbent upon the middleclass to do their own independent research from a myriad of reputable unbiased sources. Inasmuch as the Internet makes this an easier task, care must be taken to cross reference for valid information. It is that concept I used in putting my book together where all pertinent data is cross referenced. In these times there is no reason to be ignorant of the issues.
Remember, when you go into that booth it is only you, your God, and your conscious. One must forget about their prejudices. One must forget about their fears. One must make the right choice for themselves, their family, and the country.
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My Book: As I See It: Class Warfare: The Only Resort To Right Wing Doom
Book's Webpage: http://books.egbertowillies.com - Twitter: http://twitter.com/egbertowillies |
