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“It was the best of times, it was the worst of times”, so begins the epic tale, and so begins our exploration into economic chicanery and conservative policy.

We live in a nation that allows children and the elderly to go homeless and hungry while people who play with balls make millions. Our Veteran’s have to beg for care, while CEO’s deduct outrageous salaries and $500 lunches. We have a minimum wage under $10 per hour, but executives can make more than $100,000 per day, be subsidized and, according to conservatives, be “entitled” to our tax dollars. Republican’s will fight to defend those corporate “persons” and their entitlements, but not children, the elderly, or our Veteran’s.

What is going on? And more importantly, why do you feel so helpless, and hopeless, about changing it? We can change everything. It honestly isn’t that hard. We actually have ALL the power, as we proved in November. All the millions the Koch’s and others threw into our election, it didn’t mean a thing. We won. We reelected our President. And now we have an opportunity for real change. What are you waiting for?

A sign? A prophet? A messiah? Really? Do you want to know what I am waiting for? I am waiting for you. Because you are the one person I need most to help get this done.

What can we do? What can you do? Be engaged. We need to insist on real and meaningful tax reform. We have to stop the stupidity that any additional taxes will stop corporations from creating jobs. Corporations don’t create jobs. Demand creates jobs. Republican’s like to think that their supply-side, trickle-down economics creates jobs. It doesn’t. It has never created a single job. And how do I know that? I have 8 years of empirical data. Or as Republican’s call it, the Bush Administration.

They gave HUGE tax cuts to corporations. And Cheney even engineered the largest land and money scam by exempting his company from basic safety regulation. They managed the largest redistribution of wealth we have ever seen, giving millions to billionaires and billions to industries that make trillions. And the American public? They were too busy watching football or basketball to notice.

While you were perusing million-dollar commercials, the conservative machine was writing legislation to invade my uterus and torpedo economic reform. You see, they can’t allow our President to be successful; that would expose their dirty little secret. The Koch funded ALEC scripted NRA protected corporate persons who actually run the Republican Party aren’t going to “create jobs”, they are too busy bilking you for every dollar you have. Sure, watch the “game”, go shopping, ignore the facts, don’t worry about climate change and global warming, just watch the commercials which will explain to you why science is wrong and you should have another beer.

Can you imagine what would happen if millions of people called their legislators? What would our nation be like if instead of “Friday Night Lights” we “Enlightened Friday Nights”? Wow, imagine that!

And honestly, it isn’t as hard as you think. All it takes is a little effort. Go to a meeting. Make a phone call. Send a fax or email. How hard is that?

We have to realize, to remember, that WE are the government. That we have the power. And here is where we start, the 3 e’s. Education. Environment. Equality.
This is our country, it does not belong to “corporate” persons, it belongs to us. Taxes aren’t bad, they don’t hurt the economy. That is a fiction you have been sold by people who don’t want to pay taxes. You have been convinced you are powerless, that you should just shop and watch TV, well, I’m here to tell you, you aren’t, and you don’t have to.

We can change everything. Just by showing up. By speaking out. By how you spend your money.  It really isn’t that hard.

And here is another myth: CEO’s, sports figures and movie stars deserve to be paid millions but you don’t. That is just crap. You have been manipulated, lied to and bamboozled into supporting this redistribution of wealth, and it is time to end it. Here is how, we return to a sane and reasonable corporate tax policy, one that does not reward and legalize embezzlement.

Instead of subsidizing corporate greed, let’s make it tax detrimental. I mean, ‘tis the season. Tax season that is. So, here we go, what happens if we limit the deduction for corporate executive salary to the Social Security wage base? How about instead of allowing executives to fly to New Orleans on a tax-deductible corporate jet to their tax deductible corporate sky-box in the tax subsidized sport stadium while eating and drinking their entitled tax-deductible hot wings and beer, we limit that? I mean, Republican’s are totally into limiting other stuff, like our access to health care and affordable education, why not to tax entitlements for millionaires?

Did you know the sale of multi-million dollar houses is way up? I’m guessing it has increased about the same amount as say, child poverty and homelessness. So today, while you watch those multi-millionaires throw a ball around and see the other multi-millionaires enjoying the game at your expense, just remember, this tax deductible extravaganza was brought to you by the authors of “A Tale of Two Economies” and funded by their corporate sponsors. So if you are in debt, don’t have health insurance, can’t afford to send your child to college, or wonder how you are going to retire, well, just ask a Republican, maybe today will be the day they can explain how giving millions to billionaires and billions to trillion-dollar industries but wanting you to work until you are 70 is in your best interest.  

Enjoy the game. You can bet the millionaires are.

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Comment Preferences

  •  without our (5+ / 0-)

    blood, sweat, and tears

    -- their obscene profits become

    little more than a CEO Ponzi scheme.


    great post lilongo,

    Thanks


    Here's how the game is really Rigged.

    by jamess on Sun Feb 03, 2013 at 07:32:41 PM PST

    •  Thanks (1+ / 0-)
      Recommended by:
      jamess

      Appreciate the comment

      •  lilongo - just a few nits (0+ / 0-)

        Business executives can only deduct half of that $500 lunch for tax purposes. President Clinton signed a change in the tax code so that only the first $1 million of a CEO's salary is deductible for tax purposes.

        I have no issue with athletes earning whatever the market will bear. They have short careers and work in an industry that generates extraordinary revenues. I am happy that a significant portion of those revenues go to the players. The key public policy issue is how those earnings are taxed.

        "let's talk about that"

        by VClib on Sun Feb 03, 2013 at 09:59:05 PM PST

        [ Parent ]

        •  Good Point (1+ / 0-)
          Recommended by:
          NoMoreLies

          Yes, only 1/2 of the lunch is deducted, unless they call it marketing or a business meeting, and then they deduct teh entire 100%.

          And we need to limit to federal per diem, why should they even deduct $250? it is ridiculous.

          As to a $1,000,000 limit, can you post a link? I have never heard of such a limit on a tax deduction, but again, hat is much too high.

          Only $113.100 is subject to social security, why not all? And if you only pay on that amount, then only deduct that amount.

          Excess to be taxes as a dividend, that will change everything.

          •  IRS section 162(m) - executive comp limit (0+ / 0-)

            "let's talk about that"

            by VClib on Mon Feb 04, 2013 at 07:00:06 AM PST

            [ Parent ]

            •  Doing Some Research (0+ / 0-)

              Found several references to this, but there are exceptions, I would have to review actual tax returns, but betting most companies have been deducting 100% as "performance-based" compensation plans:

              Section 162(m) (the so-called “million dollar cap”) generally limits to $1 million the annual amount that public companies can deduct for compensation paid to their CEO and certain other executive officers. The general provisions of Section 162(m) contain an important exception to this limitation in the case of “performance-based compensation” (generally, compensation awarded under a shareholder-approved plan administered by an independent compensation committee and that is payable based solely on the achievement of pre-established performance criteria). Public companies routinely take advantage of this “performance-based compensation” exception to ensure full deductibility of their compensation to senior executives.

              http://www.skadden.com/...

              But I will do more research.

              •  lilongo - incentive based comp is deductable (0+ / 0-)

                but salaries are limited to $1 million for tax purposes. That doesn't limit salaries and many Fortune 500 CEOs have salaries much higher. However, it changed the focus of executive pay to incentive compensation and was the stimulus in the rise of stock option compensation, an unintended consequence.

                "let's talk about that"

                by VClib on Mon Feb 04, 2013 at 11:25:36 AM PST

                [ Parent ]

    •  Which is Why They Decoupled Their Obscene Profits (3+ / 0-)
      Recommended by:
      jamess, Youffraita, NoMoreLies

      from our blood, sweat and tears both in the 1920's and again in our time, to set up a global casino where they bet on each other's bad guesses a thousand times a minute more often than they bet on our sweat.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Sun Feb 03, 2013 at 07:49:29 PM PST

      [ Parent ]

  •  It mus be very frustrating to have all the answers (0+ / 0-)

    but not enough folk vote for you.

  •  Uh (0+ / 0-)
    Can you imagine what would happen if millions of people called their legislators?
    The Senate Republicans would filibuster and the House leadership would refuse to bring whatever it was we were calling about to a vote.

    That's what would happen if millions of people called their legislators.

    •  I can't disagree with you, jp, but (0+ / 0-)

      if we all go along with that level of cynicism we might as well cede everything to the GOP.

      Where's your fight, man?

      Irony takes a worse beating from Republicans than Wile E. Coyote does from Acme. --Tara the Antisocial Social Worker

      by Youffraita on Mon Feb 04, 2013 at 01:04:43 AM PST

      [ Parent ]

  •  There is another tale of two economies (1+ / 0-)
    Recommended by:
    Youffraita

    The US has national debt of $52,300 per person.
    The Canadian national debt per person is $17,740 per person, 33% as much per capita as the US.

    US GDP per capita is $48,415
    Canadian GDP per capita is 51,145, 5% larger then the US GDP per capita.

    US unemployment is 7.9%.
    Canadian  unemployment is 7.1% and has been an average of 1.87% lower than US unemployment for the last seven years.

    US minimum wage (federal) is $7.25 an hour.
    Canadian minimum wage varies by province but the average minimum wage across Canada is $10.30 an hour.

    US insurance run health care costs $7900 per capita per year to leave 40% of Americans without proper health care.
    Canadian single payer health care costs $3800 per capita per year to cover everyone with whatever health care their physicians, which all can see, say they need, and to have it in Canada, whereas 2 million Americans have to come to Canada to get the health care they are denied by American insurance run health care.

    Americans get Social Security at age 65.
    Canadians can get Canada Pension (analogous to US Social Security) at age 60, plus over $500 a month Old Age Security Pension at age 65, which has no American equivalent.

    Canadian parents get a cheque (or direct deposit) of $112 a month for each child under age 18 to ofset the expences to raise that child, which has no American equivalent.

    Due to the above, the net worth of the average Canadian family is 15% greater than the net worth of the average American family.

    •  And about 500 percent (0+ / 0-)

      greater than the families I see around me, who mostly make shit wages and have shit health care plans -- NOT including dental and glasses -- and the GOP goes ON and ON and ON about "best on Earth" and I"m going what color is the sky on your planet? b/c GOP policies have brought us down over my entire lifetime.

      Better than anybody?  There are Third World nations that outrank us -- by *any*international scale.

      The only people who think the U.S. is better than anyone in the world are the GOP, and those who think military strength is everything.

      And the militarists clearly don't know their history.  Hint: the Roman Empire.

      Irony takes a worse beating from Republicans than Wile E. Coyote does from Acme. --Tara the Antisocial Social Worker

      by Youffraita on Mon Feb 04, 2013 at 01:11:42 AM PST

      [ Parent ]

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