TAXING THE RICH
Dan Froomkin shows that, even as President Obama calls for a “Buffet Rule,” to raise the tax rate of millionaires, the IRS isn’t following through to audit the taxes of the super rich. Billionaire Leona Helmsley famously said that “Only the little people pay taxes.”
Indeed, it was President Obama who extended the Bush tax cuts on behalf of the rich.
Even if the millionaire tax rate was raised to 30%, like traditional middle class people pay, it is unlikely revenue would be raised from doing that. Back when there were far fewer tax loopholes, billionaire Nelson Rockefeller paid no taxes, when in the 70% tax bracket (we know from his forced disclosure when nominated as Vice President).
What we are seeing is election year rhetoric intended to impress the masses. The rich finance the elections of Democrats and Republicans, who pretend to have a debate every four years about taxing the rich. Works every time.
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With the reality-challenged Rick Santorum’s campaign crashed and burned in his home state, we are left with Romney vs. Obama, as anyone who understands the rigged election system knew was inevitable a year ago, when the ruling Forces of Greed (FOG) engaged a bit of their wealth into financing the contest they wanted (they will get it back in the cost of the TV ads as Obama and Romney go at it hammer and tong in an effort to convince partisan Democrats and Republicans that there is a difference).
Romney’s primary responsibility in the Empire is to lose to Obama in November after holding Obama’s feet to the fire. After all, the banksters, defense cheats and polluters have buried Obama in record campaign bribes, and should Obama express a genuine desire to defend the public interest, favorable TV coverage would immediately shift to Romney, who, under that unlikely circumstance only, would be the winner of last resort for the FOG.
Obama’s primary responsibility is to bid the Democratic Party faithful to ignore the promises he made last time and accept a new injection of that which Cindy Sheehan calls “hopium.” Those who run the system know Barack’s not at all serious when he makes these assurances, hence the record contributions bulging his campaign coffers.
Last year we said it would be scripted this way because the biggest fear of our ruling FOG is that the Occupy Movement will expand, and nothing would cause it to grow faster than a Republican presidency at this time, shocking partisan Democratic Party faithful to awaken to the stark reality that civil rights have been replaced by perpetual war, compelling them to swell the democracy movement.
Corporate media’s primary responsibility in the Land of the Free is to keep the masses as ignorant as possible about anything which, if understood, might lead to an outbreak of democracy. Over the last year of campaigning, not one of the scumbag “journalists” or “columnists” of our mass media has questioned why we are not allowed to see a candidate who represents the public interest, like Jill Stein, Rocky Anderson, or Stewart Alexander, as thousands of hours of electronic media and miles of print column went to corporate candidates obviously selling out the public interest.
To accomplish this goal mass media distract us with visions of underwear bombers who hate us for our freedom and want nothing more in life than to blow up helpless schoolchildren. But Linh Dinh opines that, perhaps, we need to know our real enemies. —Jack