heathcliffe
location: woods
listening to: silence
registered: 2008.11.18
posts: 956
[view all posts]
[view all posts]
It were the gains the middle class made by use of both the GI Bill after WW II and the bargaining power of the Labor Unions that Reagan sought to halt.Wealthy recipients of working class sacrifices decided they wanted back the money they had paid for the war with 94% taxation of income over $400,000.Usury laws--mostly 12%--were repealed en masse when the inflation caused by the oil price increases of the 1970's required 22% interest to halt it.Inflation declined back to rates seen prior to 1970 but usurty laws were never put back in place.Hence credit card income soared largely for the wealthy who had financed WW II.When Clinton signed the repeal of Glass-Steagall, the lid of the only moderation left fell off.Banks became investment banks became insurance companies became too large to fail.The poor, the needy, the homeless, those in need of health insurance, not to mention a job, are suffering the greed of recoupment.To add salt to the wounds of the middle class funneling money back to the wealthy, Bush decided the people whose assets would be protected from terrorists this time around would get tax breaks instead of increases.These, of course, are in addition to the income realized from recent increased prices of oil and gasoline at the pump many of these tax decrease beneficiaries derived.Gas price increases are among the current methods of taxing the middle class.As we are slowly, methodically, and diabolically returned to the labor niches of our forefathers, it is ironic our
richest Capitalists don't wish to guarantee our health.
H
heathcliffe
(view)
It were the gains the middle class made by use of both the GI Bill after WW II and the bargaining power of the Labor Unions that Reagan sought to halt.Wealthy recipients of working class sacrifices decided they wanted back the money they had paid for the war with 94% taxation of income over $400,000.Usury laws--mostly 12%--were repealed en masse when the inflation caused by the oil price increases of the 1970's required 22% interest to halt it.Inflation declined back to rates seen prior to 1970 but usurty laws were never put back in place.Hence credit card income soared largely for the wealthy who had financed WW II.When Clinton signed the repeal of Glass-Steagall, the lid of the only moderation left fell off.Banks became investment banks became insurance companies became too large to fail.The poor, the needy, the homeless, those in need of health insurance, not to mention a job, are suffering the greed of recoupment.To add salt to the wounds of the middle class funneling money back to the wealthy, Bush decided the people whose assets would be protected from terrorists this time around would get tax breaks instead of increases.These, of course, are in addition to the income realized from recent increased prices of oil and gasoline at the pump many of these tax decrease beneficiaries derived.Gas price increases are among the current methods of taxing the middle class.As we are slowly, methodically, and diabolically returned to the labor niches of our forefathers, it is ironic our
richest Capitalists don't wish to guarantee our health.
posted 2009.08.22
posted on August 22nd 2009
H
heathcliffe
location: woods
listening to: silence
registered: 2008.11.18
posts: 956
[view all posts]
[view all posts]
-
Happy meeting in Austin this weekend – PatBrown on August 4th, 2009-
Re: Happy meeting in Austin this weekend – Peter T. on August 4th, 2009
-
