|
|
(more...)
, (less...)
Add to My Group(s)
Add to My Group(s)
By JohnPeebles (about the author)
Become a Fan (6 fans) -- Page 5 of 5 page(s)
The taxpayer isn't off the hook, even if the worst of the excesses have passed. The corporate agenda now dominating the Washington consensus is to privatize profits, and socialize losses (to quote NYU economist Nouriel Roubini) in some crazy backwards Robin Hood, and so the taxpayers and their grandchildren will be paying for the regulatory lapse.
Sure some speculators have gotten rich, and greed is good according to this philosophy, but how good is it that some have gotten obscenely wealthy by not actually creating anything, but simply profitting from the labor of others? Just how American is that? To further slap the American middle class, alongside their troubled mortgages and worsening job market, the tax burden on the ultra-rich has fallen to the point Warren Buffet pays less on every dollar he earns in taxes than does his maid. So not only will the taxpayer bail out those responsible, they'll be given a tax break!
Become a Fan (6 fans) -- Page 5 of 5 page(s)
Sure some speculators have gotten rich, and greed is good according to this philosophy, but how good is it that some have gotten obscenely wealthy by not actually creating anything, but simply profitting from the labor of others? Just how American is that? To further slap the American middle class, alongside their troubled mortgages and worsening job market, the tax burden on the ultra-rich has fallen to the point Warren Buffet pays less on every dollar he earns in taxes than does his maid. So not only will the taxpayer bail out those responsible, they'll be given a tax break!
www.jbpeebles.blogspot.com
The author lives in small-town Indiana and is a Web-based writer and analyst covering economics, politics, and international affairs.
The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.
 Contact Author |
Contact Editor |
 View Authors' Articles |
Comments
The time limit for entering new comments on this article 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.
| 1 comments |
To view all comments:
(Or you can set your preferences to show all comments, always)
Getting away with all they can
by JohnPeebles on Saturday, Sep 20, 2008 at 2:25:56 PM