http://www.msnbc.msn.com/id/43708826/Boehner contends, 'Our disagreement is over the idea of raising taxes on the very people that we’re asking to create jobs in our country'What a liar. Tax rates are at one of the lowest in history, have been for a decade, yet effectively no jobs have been created. We have fewer jobs now than at the end of Bill Clinton's presidency.But this is nothing less than myth-making. The implication is we're supposed to coddle our monied elite, without whom nothing will happen. The implication is they are better than us, or their control over us is already so vast, we are helpless. If we don't give them even *more* of far-too-much, they might not grant us a servant's position. And the authoritarian right eats it up.The people telling Boehner to say these things don't believe it themselves. They aren't stupid. They lay people off because there's no demand, not because tax rates are too high. They give each other massive bonuses from these tax breaks, rather than hire people.The engine of growth is small business, not zillionaires. And zillionaires aren't interested in creating small businesses. The only people who want to do that are people who've accumulated capital through their own labour to pursue a dream of creative and/or economic independence. But without the labour opportunities fewer small businesses can be created. We're in a death spiral, because people like Boehner lie, and acolyte right believe it.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Anal