Wednesday, July 27, 2016

Tax the Rich

A memo regarding Governor Paul LePage's (Maine) upcoming budget proposal was conveniently leaked to the local media recently.  In it were some juicy tidbits about what our Governor wants to include in the budget he hands over to the Legislature to consider.

He wants to cut the cost of state government apparently............. Hmm.  Laudable goal for sure.  I cannot think of anyone who would not want the cost of government to come down.

What's odd though, is the two proposals mentioned would seem to offset each other at best, and at worst, make it appear he has no interest in cutting costs, just re-distributing wealth, ........... again.

Based on his track record over the last 6 years or so, I would tend to believe the latter.

First, he wants to cut the state employee population by 1500 to 2300 people.  That amounts to about 20% of the people who work for the state.

Second, he wants to drop the income tax rate for the top tier Richie Rich's from 7.15% to 5.75%.

Okay, here's the thing.  I am damn sick and tired of hearing about how tough it is to be rich in this country.  Waah, Waah, Waah.  "Trickle Down Economics" does not work.  We have had at least 30 years of efforts in various forms to prove the notion that if we leave the Rich with more money in their already bursting pockets, that their good fortune will "trickle down" to the rest of us.

Bullshit.  Over the last 30 years of feeling sorry for the Rich, I have watched their stacks of cash get fatter, while mine has gotten significantly slimmer.  And yet, they still whine about how unfair the tax code is.  They are right, the tax code is unfair, but not to them.  I would love to see their rate double, Hell, wouldn't break my heart if it tripled.

Of course Paul uses the classic fear tactic of telling us if we don't cut the Rich a break, they will take their money and leave the state.  ............................ Hmm .......... Don't let the door hit you on the ass on your way out.

I do not understand how we allowed ourselves to be convinced we are somehow beholden to the Rich.  Without the sweat of our brow and the the pittance we get paid by them to buy their products, the Rich would be nothing.  They need us a whole lot more than we need them.  We should start pushing our agenda hard.  Get in their face.  Be unapologetic about insisting they ante up more to make this society a better one.  Their free ride should be over as soon as we can find the balls to insist on it.

Later ...........................................................


BBC said...


mohaverat said...

yes indeed friend! We also need to get Citizen's United repealed and end the corruption that comes from buying elections.


we're fucked.

Ol'Buzzard said...

Look at that face. Only a mother could love it.
the Ol'Buzzard

Kulkuri said...

The term "trickle down" tells you they are pissing on the rest of us.

"They got rich thru hard work" RIGHT, question is whose hard work?? They sure as hell won't credit those that work for them!!

The Blog Fodder said...

You got it. Stock options and Capital Gains should count as income in the year received. Income over $1 million taxed at 50%, over $5 million at 90%. And close the offshore loopholes.