|
|
Add to My Group
| Permalink View Article Stats (2 comments) Promoted to Primary Headline on 8/2/11: George Monbiot -- How the Billionaires Broke the System Quicklink submitted by Rob Kall (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
|
1
1
View Ratings |
Rate It
 |
The US deficit reduction plan makes no sense until you remember who's behind the Tea Party movement. There are two ways of cutting a deficit: raising taxes or reducing spending. Raising taxes means taking money from the rich. Cutting spending means taking money from the poor. Not in all cases of course: some taxation is regressive; some state spending takes money from ordinary citizens and gives it to banks, arms companies, oil barons and farmers. But in most cases the state transfers wealth from rich to poor, while tax cuts shift it from poor to rich. So the rich, in a nominal democracy, have a struggle on their hands. Somehow they must persuade the other 99% to vote against their own interests: to shrink the state, supporting spending cuts rather than tax rises. In the US they appear to be succeeding. |
Read the rest of the story HERE:
Comments
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.
| 2 comments |
To view all comments:
(Or you can set your preferences to show all comments, always)
STEALING
by bern on Wednesday, Aug 3, 2011 at 12:22:28 AM
Yes, but it costs money to maintain a gov't. And it's...
by Jill Herendeen on Thursday, Aug 4, 2011 at 4:25:11 PM