Rob from the poor
Give to the rich
From 2001 to 2006 the average taxpayer got tax cuts totaling $3,593 (you got less) while their share of the national debt increased by $13,000. The reason you got less than average is that the average is inflated by the inclusion of the $236,000 average tax break given to the top one percent of incomes. (Data from the Congressional Budget Office)
Even accepting the average as valid, you owe $3.62 for every dollar you saved on taxes. The richest one percent, meanwhile, owe less than six cents on each dollar of tax savings. For their average tax break of $236,000, each one owes $13,000 more toward the national debt (Later, they’ll figure out how to get out of paying that, too.). The other $223,000 is free and clear – to them, anyway, not to the rest of us.
Someday, in some form, those soaring debts will have to be repaid. By our children and their children and maybe their children.
In other words, the Bush administration has arranged for their dear friends, the richest people in America, to borrow (without permission, and with no intention of repaying – which is called stealing) $223,000 apiece from our grandchildren.
George Bush said his tax cuts were intended to stimulate the economy, so that everybody would be better off. Well, everybody HE knows will be better off – except that some of them will go to jail, because stealing is addictive.
Remember the theme song from the old Robin Hood TV series?
Robbin’ Bush, Robbin’ Bush,
Riding through the glen.
Robbin’ Bush, Robbin’ Bush,
With his band of men.
Rob from the poor!
Give to the rich!
Robbin’ Bush, Robbin’ Bush
That son of a bitch
2 Comments »
RSS feed for comments on this post. TrackBack URI
Leave a comment
Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
This is a very interesting way of looking at the tax cuts and one I will share with others. And, I love the theme song except for one thing - its truthiness!
Comment by nightowl724 — September 9, 2007 @ 7:00 pm
Ah, truthiness! That makes it “another somebody-done-somebody-wrong song.” Maybe next year the music can start to cheer up. Meantime, thanks for the comment.
Comment by Al — September 9, 2007 @ 8:41 pm