Rich Pay Less, Poor Pay More: Cain’s Tax Plan Perfect Fit For Republicans

   Welcome to another edition in the economic philosophy of the Republican Party, where the rich get richer and the poor get poorer. Today, courtesy of the Citizens for Tax Justice, it’s the Herman Cain Robin Hood-in-reverse plan. Courtesy of CTJ: If presidential candidate Herman Cain’s proposed “9-9-9 tax plan” was in effect today, then […]

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Huge Majority–Including MOST REPUBLICAN Voters–Support Millionaire’s Tax In NY

    The people are there. Not surprisingly. If the politicians could get their hands out of the pockets of their contributors, we’d have some progress. All the way from the Financial Times: A poll released on Monday by Quinnipiac University found 61 per cent of registered New York City voters supported extending the state’s surcharge, […]

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Four Simple Lessons From Today’s Defense of OWS–And Why I’m Optimistic

    To step back for a moment from the terrific on-the-ground accounts of this morning’s action to defend Liberty Square, I took a moment to think about what took place–and why this make me even more optimistic than I was even a week ago that we are building something. Lesson Number One: some things are […]

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Republican Fantasy Economics…Ooopppsss, FACTS Show Tax On Rich WON’T Hurt Job Creation. Duh

   Oh, those poor "job creators"…they just can’t get any respect–except from Republicans, and too many Democrats, who run around undercutting jobs programs because of some phony idea that taxing the wealthiest Americans will hurt jobs. Oooopppsss…nope… Embedded in the report out from the Congressional Research Service–which annoyingly doesn’t post reports publicly–which tell us this: […]

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Just When We’re Not Watching

   It’s a full-time job–actually, five full-time jobs–to keep track of how the economic elites screw working people. Just when everyone is excited–rightly so–about the demonstrations breaking out all over the country, in the back door slides more horror: Congress prepared Wednesday to pass free-trade agreements with South Korea, Colombia and Panama, showing unusual bipartisan […]

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Corporate Tax Holiday Is A Scam–Sen. Levin Nails It

That CEOs of American-based, flagless corporations will say, or do, anything to make a buck–and line their own pockets–is not a surprising notion. That our political leadership keeps buying the nonsense spewed out by the Chamber of Commerce and the other megaphones of corporate greed is a tragedy–an obvious result of the corrupt campaign finance […]

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Smoking Out The Billionaires Hiding in NYC

    Occupy Wall Street has been a phenomenal awakening–and I have been proud to be a part of the non-sleepover (wimp…) outer ring of regular marchers. Tomorrow, c’mon out for another important phase in holding the economic Thieves Guild accountable–with a tour of the lairs of a few billionaires who hole up in Manhattan and […]

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It’s Just Math: CBO Says Millionaire Surcharge Can Pay For ALL of Obama Jobs Package

    There is an incredible easy equation to make–both morally and financially. The one percent broke it now they need to fix it. And it all adds up, according to the Congressional Budget Office.   The math: The Democrats’ proposed tax on millionaires would raise an estimated $453 billion, more than enough to pay for […]

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Republicans Pity The Poor “Middle Class” Millionaires–People You Won’t Find Next Door

   Sure, for humor, I turn to listen to Jon Stewart and Colbert. But, really, if you want the funniest laughs you have to mix in Republican leadership talking points. Seriously. Ah, yes, the "class warfare" inherent in Harry Reid’s proposal to apply a 5 percent surtax on millionaires. Except it isn’t so–not surprisingly–as the […]

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I Feel Optimistic After Yesterday’s March on Wall Street

   Jammed in yesterday with the thousands of others of people in Foley Square, I turned to look at the crowd all around. I felt an incredible burst of optimism. I turned to one friend and said, "looks like the revolution will happen before I die." We laughed. I hope people hold on to the […]

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