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Another Thought
Oct. 25th, 2011 08:15 amI should note that while I have been thinking about this post for a few days I read something that condensed my thoughts and inspired me to add my two cents this morning. I would link it, but I can't find it now :-(
Occupy Wall Street has a slogan "we are the 99%" Their point is that wealth is increasingly being concentrated in the hands of the richest 1% (who now have 1.75 times as much of the total US wealth as they did 20 years ago), that this is bad for the economy and also bad for everyone who isn't the richest 1%, and (I think) that the cause of this development is massive cuts in taxes (several different kinds of taxes) on the richest 1%.
Some folks have an opposing slogan "we are the 53%." What they are referring to is that they are the 53% whose interest free loans to the federal government were not fully recovered at the end of (some year--I'm not clear on which.) This appears to translate as "I pay taxes (and boy is it horrible) and you don't, so you have no right to express an opinion different from mine, or at least no one should listen to you."
( This sets up several false impressions )
Occupy Wall Street has a slogan "we are the 99%" Their point is that wealth is increasingly being concentrated in the hands of the richest 1% (who now have 1.75 times as much of the total US wealth as they did 20 years ago), that this is bad for the economy and also bad for everyone who isn't the richest 1%, and (I think) that the cause of this development is massive cuts in taxes (several different kinds of taxes) on the richest 1%.
Some folks have an opposing slogan "we are the 53%." What they are referring to is that they are the 53% whose interest free loans to the federal government were not fully recovered at the end of (some year--I'm not clear on which.) This appears to translate as "I pay taxes (and boy is it horrible) and you don't, so you have no right to express an opinion different from mine, or at least no one should listen to you."
( This sets up several false impressions )
