Thursday, December 02, 2010

Deficit Reduction Plan Takes from Poor and middle class to reward the wealthy

It is an unfortunate truth that a sizable number of African Americans are seemingly more interested in whether T.I is going to prison again, or Mike Vick’s great performance against the Washington Redskins, or in Tyler Perry’s brutal dissection of Ntozake Shange’s play, For Colored Girls Who Have Considered Suicide When the Rainbow Is Enuf, than they are in the economy. President Obama’s National Commission on Fiscal Responsibility and Reform revealed a recent plan to reduce the national deficit. Unlike most people, I have just finished reading the proposal and the way I read it, the deficit is the least of its targets when compared to cutting taxes for the ultra wealthy.

The guiding principle of the proposal is not to reduce the deficit, but rather to establish an upper limit on revenue — not lower. The obvious point agreed upon by the Democrats, Republicans and other members of the commission is tax cuts for the rich.

Case in point, the proposed tax cuts obviate mortgage interest and health benefits deductibles — things that the middle class and lower economic groups depend on. Yet, all gained from these tax cuts. From my reading and interpretation the tax cuts will be used to reduce the top marginal and corporate tax rates. So, in essence the breaks that regular folks receive will currently result in larger breaks for the wealthy, who do not need them. Don’t get me wrong, I am not a socialist, but rather a pragmatist who understands basic math.

Another example is the proposed increase in the retirement age for Social Security. The commission has suggested that the age to be eligible to receive social security be raised to 69, in line with the increase in life expectancy of U.S. citizens. The problem is that most Americans do not have jobs where they sit on their ‘azzez’ all day. Not to mention that African Americans and minorities, for example, have a life expectancy less than the current age for retirement under Social Security. Which, in turn, means that to expect someone to work more years labor-intensive job than somebody like a politician, who sits on their butt behind a desk, is just foul! The truth is that the rich and wealthy live longer and they don’t need Social Security for a safety net.

No way in the world is the work of a garbage man, teacher, janitor or day laborer as easy as an executive, banker or Wall Street lawyer.


GC {God's Child} said...

I had a look. I had trouble understanding it from skimming.
None of this is going to work if they keep allowing big business to skip out on paying their taxes.

Clifton said...

These policies are going to be implemented thanks to so many closed minded and ignorant working class Americans that have been suckered into thinking that tax cuts for the wealthy are related to their rights and freedom.

No one seems to be mentioning that the Bush Tax cuts have been in effect for ten years and have done nothing to turn the economy around.

oakleyses said...

louis vuitton outlet online, michael kors outlet online, prada outlet, longchamp outlet, coach outlet, louis vuitton, jordan shoes, oakley sunglasses, polo ralph lauren outlet, oakley vault, michael kors outlet online, michael kors outlet store, ray ban sunglasses, christian louboutin shoes, kate spade handbags, coach outlet store online, tiffany and co jewelry, nike free, polo ralph lauren, michael kors outlet, louis vuitton handbags, prada handbags, nike shoes, longchamp outlet online, coach outlet, tiffany jewelry, chanel handbags, coach purses, kate spade outlet online, gucci handbags, red bottom shoes, christian louboutin outlet, true religion, michael kors outlet online, nike air max, ray ban outlet, nike air max, true religion outlet, longchamp handbags, louis vuitton outlet, christian louboutin, tory burch outlet, burberry outlet online, cheap oakley sunglasses, michael kors outlet online, burberry outlet online, louis vuitton outlet

oakleyses said...

ray ban pas cher, air max, michael kors canada, hermes pas cher, michael kors uk, air max pas cher, burberry pas cher, mulberry, nike roshe run, north face, air jordan, hollister, nike air max, sac michael kors, ray ban uk, louis vuitton uk, true religion jeans, tn pas cher, lacoste pas cher, new balance pas cher, ralph lauren pas cher, nike air force, lululemon, true religion outlet, longchamp pas cher, scarpe hogan, guess pas cher, oakley pas cher, vans pas cher, nike roshe, north face pas cher, timberland, louis vuitton pas cher, longchamp, nike free pas cher, barbour, ralph lauren, hollister, nike air max, nike blazer pas cher, sac vanessa bruno, chaussure louboutin, converse pas cher, louis vuitton, nike free, abercrombie and fitch, sac louis vuitton

oakleyses said...

instyler ionic styler, canada goose outlet, beats headphones, canada goose outlet, abercrombie and fitch, p90x workout, vans outlet, birkin bag, mac cosmetics, reebok shoes, wedding dresses, ugg outlet, soccer jerseys, soccer shoes, chi flat iron, longchamp, insanity workout, jimmy choo shoes, babyliss pro, roshe run, valentino shoes, nike huarache, nfl jerseys, north face jackets, herve leger, giuseppe zanotti, mont blanc pens, new balance outlet, north face outlet, celine handbags, canada goose outlet, hollister, rolex watches, mcm handbags, ugg soldes, ugg boots, marc jacobs outlet, uggs outlet, nike trainers, bottega veneta, canada goose, asics shoes, ugg, lululemon outlet, ferragamo shoes, ghd, uggs on sale

oakleyses said...

canada goose uk, coach outlet, hollister, swarovski jewelry, canada goose, canada goose pas cher, links of london uk, pandora charms, montre femme, karen millen, converse, moncler, moncler, moncler outlet, louis vuitton canada, uggs canada, ray ban, moncler, vans, louboutin, hollister canada, swarovski uk, timberland shoes, toms outlet, thomas sabo uk, juicy couture outlet, baseball bats, ugg, wedding dress, converse shoes, juicy couture outlet, pandora jewelry, canada goose, pandora uk, hollister clothing, supra shoes, ralph lauren, replica watches, moncler, nike air max, iphone 6 case, gucci, air max, oakley, parajumpers outlet, moncler, lancel, moncler