Time to wake up to big lie
To The Editor:
One of the most oft-repeated big lies emanating from the ugly depths of the radical right is that the rich are overtaxed, despite huge cuts bestowed upon them over the past three decades. I know people consider arithmetic boring, and, for some, borderline treasonous, but I’m going to provide some approximate numbers here in an attempt to bring some logic and reason to the fake “debate.”
In 1979, the top one percent wealthiest American households held approximately 20 percent of the wealth of the country. After 30 years of fraudulent right wing economic taxation policy, that number is now approximately 34 percent. In approximate 2013 dollars, the top one percent now holds approximately $28 trillion more wealth than it would hold if the distribution were the same as 1979. This increase is the direct and intended result of the fraudulent “trickle down” economics preached by the GOP.
Please remember this when you read the twin big lies that say: 1. The wealthy are overtaxed. and/or 2. We could take all the money from the wealthy and still not be able to make up the deficit and pay down the national debt.
The truth: By restoring progressive taxation in this country, having the wealthy and corporations to pay their fair share of the freight for the society, combined with cutting the atrocity of a quadrupled military budget to sane and prudent levels, we could easily - and I mean without any suffering to working class Americans - balance the budget and at the same time start making serious payments on the national debt. This, of course, is nothing more than we could have and should have done over a decade ago when a criminally insane “administration” decided to dole out trillion-dollar tax cuts to the rich and wage global wars instead. And we could do it, without one red cent in any cuts to earned benefits of working and middle class Americans.
The rich threw a party for themselves and a few wars to boot, and they want to take your pension, Social Security, Medicare and safety net programs to pay for them.
Tax the rich. Reduce military spending. It’s not rocket science. It’s arithmetic. To those who say we should “come together,” and “compromise,” engage in “civil discourse,” I suggest you take a look at the fact that one side of the phony “debate,” has lost all contact with reason and reality and has decided that its unfounded and hysterical belief system must be accepted by all.