2016 Postmortem
Showing Original Post only (View all)The bitterness over the rich and their tax cuts [View all]
In trying to understand the visceral frustration that many of us have toward the rich not "doing their fair share", it seems that there are those who don't seem to understand how this frustration came to be:
the rich were given a tax cut while their bank accounts increased exponentially compared to everyone else.
the rich had their tax cuts and bank accounts increased exponentially compared to everyone else while everyone else was losing jobs and suffering through a mortgage crisis.
the rich had their tax cuts and bank accounts increased exponentially compared to everyone else while sending other people's children to die and be maimed in war, while increasing the deficit because of the cost of these same wars.
the rich had their tax cuts and bank accounts increased exponentially compared to everyone else while everyone else bailed them out of their own malfeasance although everyone else's own situations could have used a bail out.
the rich had their tax cuts and bank accounts increased exponentially compared to everyone else while we now discuss cutting benefits for everyone else who did nothing to create the mess we are in (unless you voted Republican, of course).
the rich had their tax cuts and bank accounts increased exponentially compared to everyone else while they already had tax loopholes that permit them to pay minimal to no taxes, including their multi-national corporations, while the rest of us have to fight to keep our mortgage deductions and ignore that we pay a significant amount of our income to help fund our roads, police, and fire departments.
No, bringing the rich's tax rates back to Clinton era levels will not solve all of our problems, but at least the rich will (seemingly) have some skin in the fucking game.