The Occupy movement has gained the ear of the intended; the wealthy. Now, this group is speaking up and out about how they feel on the country’s economic future. A group calling itself “Patriotic Millionaires For Fiscal Strength” is imploring Washington to give them higher taxes. That’s right; the rich want to pay more in taxes so the country can begin to get out of it’s economic grave.
Robert Johnson, a member of this group, stated;
“America is no longer based on markets and capitalism, instead our economy is designed as ‘socialism for the rich’ – it is designed to ensure that the wealthiest people take all of the gains, while regular Americans cover any losses,” he said at a press conference this afternoon in Washington, D.C.
“It’s a Las Vegas economy where regular Americans put their money on the table and the richest 1 percent own the house,” he said. “And if the 1 percent happen to lose money, the 99 percent bails them out – covers their losses and then stands by watching while the house does it all over again.”
Even in the face of this plea by the group who stand to gain most, Republican Congresspersons are standing fast to the party line of “reduce taxes on the rich and the country will prosper”. This is clearly not true and the economic figures do not support this pie-in-the-sky approach to fixing the economy. Reducing the deficit will take hard-core income, not some translucent idea that some businesses might begin to hire and might start paying a living wage.
Wake up Republicans, taxing the middle class only works while there is a middle class. Creating only bottom-feeder, low-wage, low-skill jobs at the expense of everyone means that eventually, everyone will be at the bottom.
The reality is that the economy works only when the middle-class has disposable income and spends it. This creates demand, and increases profits for all, not just the rich. Stop whining and put forth a stable financial plan that takes surplus money from those who can and more importantly, will afford it. Using these funds responsibly will begin healing a bleeding country.
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