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Selling a Used Car
Author: BobR    Date: 10/28/2011 12:44:59

It seems all we've been talking about here on FourFreedomsBlog lately is Occupy Wall Street. The protests have captured the attention of people, politicians, and the press in a way that hasn't been seen since the 60s. We've written about the goals, the lack of leadership and concrete action plans, and the heavy-handed responses by the police. The root cause of the protests, however, remains and will remain as long as the Republicans control a majority in the House. Since we're leading up to an election year, they are also trying to take the presidency.

The economy in general (and jobs in particular) remains the number one concern for most Americans. This is where the OWS movement can and should vocalize how the Republican approach to taxes and the economy flies in direct conflict with the problems and desires of the 99%. One of the OWS desires is to have a more equitable tax program for all Americans so that the rich are paying a higher percentage comensurate with their higher incomes.

So let's see how the Republican candidates plan on threading that needle...

The challenging part of this is trying to dissect the various ideas, most of which are broad generalities with few specifics. They are, however, fairly diverse:

Newt Gingrich: Taxpayer option to pay a 15% flat rate. Most "flat tax" programs, however, don't take state income and sales taxes into account.

Ron Paul: Scrap income taxes completely, and replace the lost federal revenues via excise taxes, limited tariffs, and greatly shrinking government.

Michelle Bachmann: Another flat-taxer. No details.

Mitt Romney: Gradually simplify the tax code, increase import tariffs (esp. on China), reduce corporate tax rates to 25%, eliminate taxes on interest, capital gains, and dividends on those making less than $200k/yr.

Of course, everyone's heard of Herman Cain's "9-9-9" plan. It's been criticized for lowering taxes on the wealthy and raising taxes on the poor. Naturally, one could easily assume that he would not be the favored candidate for OWS (if they were officially in favor of any candidate, which they are not). After weathering the heat for increasing the burden on the poor, Cain had to change it to the "9-0-9" plan, making the middle 9 a 0 for those living at or below the poverty line. So much for simplicity. This means that a family making $23,350 a year would pay 0 income taxes, and a family making $23,400 would pay 9% income taxes, thereby making them poorer than the family making $23,350. Whoopsie - this is why abrubt plan shoulders don't work, and graduated rates are the norm. Simple isn't necessarily better.

Rick Perry is also a flat-taxer, and his plan has also been under a lot of scrutiny lately. It would give people the option of paying a 20% flat tax or their current rate. In addition, it would eliminate the capital gains tax (which is how the rich make most of their money), and offers deductions in the flat tax scheme for mortgage and charitable donations (two more things that benefit those more well-off). Perry would also scrap tax credits for the poor. It's hard to tell whether his plan is more or less regressive than Cain's but both are diametrically opposed to the popular notion that taxes should be raised on the rich.

Along with raising taxes on the poor and middle class and cutting taxes for the rich, most of these candidates also espouse the notion of shrinking government spending. Perhaps they think the government is just going on lavish shopping sprees at the Gap, or that our government is loaded with slacking bureaucrats living the good life on bloated salaries. The reality is that reducing government spending means even more average people losing their jobs in a time when the unemployment rate is already sky high. Lowering the budget deficit by firing people hurts - not helps - the jobs situation, even if it does reduce the budget. The Republicans constantly say that reducing the budget deficit will create jobs, but they never say how. That's because the budget deficit and unemployment are completely unrelated.

These tax plans are popular, however, with the rich, the libertarian idealogues, and the misinformed Republican base. The latter two groups are under the misguided notion that they will be able to keep more of their money, but that's because they not only drank the koolaide, they swim in it on a daily basis. These plans have been heavily criticized as unfair and courting economic disaster:
"In general, I think austerity is a big mistake," says Barton Biggs, founder and managing partner of New York-based hedge fund Traxis Partners. Biggs supports a stimulate and stabilize approach first, followed by austerity once things have leveled off. To do otherwise, he argues in the attached clip, risks triggering a global recession again, which he says would be "catastrophic for the world" as well as social order as we know it.

With the benefit of 50 years of global investment experience, Biggs thinks the time has come to embrace what he calls the "grand bargain." It's a sweeping package of social policy reform that would raise the U.S. retirement age to 70, boost taxes on the top 1% of earners, and cut military spending in half to no more than 2.5% of GDP.

While he dismisses the idea of a flat tax as ''appealing but crazy,'' Biggs wants to see FDR-like infrastructure spending programs. He calls this "important stimulus" to help get our economy growing, and also to offset the impact of expiring Bush-era Federal programs.

The Republican candidates (and Republican politicians in general) are like the stereotypical used car salesmen, trying to sell us a lemon and telling us it's a great value. Where are the Car Facts? They have none, just a bunch of sales hooey that bears no resemblence to the reality of economics and how jobs are actually "created". They are making the poor and middle-class feel like they need to defend the rich, when the rich could care less about the poor and middle-class (in general - exceptions do exist).

The Occupy Wall Street movement is trying to change that perception. It's a message of truth -vs- a message of deception and willful ignorance. Choose Truth... choose to be informed.

And then vote.
 

81 comments (Latest Comment: 10/29/2011 02:00:52 by Raine)
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Comments:

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Comment by TriSec on 10/28/2011 13:07:42


Comment by wickedpam on 10/28/2011 13:12:16
Morning

Comment by Raine on 10/28/2011 13:16:18
good morning!



Comment by Raine on 10/28/2011 13:23:49
Interesting, yesterday the Oakland Chief of Police resigned and now I see this.

The crowd was bigger than before Tuesday night. And the MAyor sure has changed her tune.

Comment by Scoopster on 10/28/2011 13:25:41
Good mornin' & Happy Halloween Weekend Fridee!

Ugh I forgot my damn camera.. How am I supposed to take decent pictures of my blue hair without it?!

Comment by TriSec on 10/28/2011 13:29:34
Tonight is the Pack halloween party....we'll post some pix at a later date on Google Plus.

http://us.cdn3.123rf.com/168nwm/yayayoy/yayayoy1106/yayayoy110600004/9681185-emoticon-taking-a-photo.jpg


Comment by Raine on 10/28/2011 13:33:26
Does anyone know if Scot Olsen is still in a medically induced comma?

Comment by BobR on 10/28/2011 13:35:28
The blog is up - sorry for the delay.

Comment by TriSec on 10/28/2011 13:42:34
Quote by Raine:
Does anyone know if Scot Olsen is still in a medically induced comma?


I skimmed this morning...thought I saw that he was no longer critical-upgraded to serious. No other information, though.




Comment by wickedpam on 10/28/2011 13:47:41
If 60 is the new 40, that means 40 is the new 20. Awesome!

Comment by Raine on 10/28/2011 13:53:28
Quote by TriSec:
Quote by Raine:
Does anyone know if Scot Olsen is still in a medically induced comma?


I skimmed this morning...thought I saw that he was no longer critical-upgraded to serious. No other information, though.


Yesterday I heard he was updated to stable, but then I heard that there was swelling in his brain. They had to alleviate the pressure.


Comment by Raine on 10/28/2011 13:54:00
Quote by wickedpam:
If 60 is the new 40, that means 40 is the new 20. Awesome!
Tell my aching body that it's 20, It might throw a cramp at you.


Comment by Mondobubba on 10/28/2011 13:54:00
Quote by TriSec:
Quote by Raine:
Does anyone know if Scot Olsen is still in a medically induced comma?


I skimmed this morning...thought I saw that he was no longer critical-upgraded to serious. No other information, though.




According to KO, he's out of the coma and able to communicate by writing. The Countdown staff is in contact with Olsen's roommate who brought them the status update.

Comment by Raine on 10/28/2011 13:54:25
Quote by Mondobubba:
Quote by TriSec:
Quote by Raine:
Does anyone know if Scot Olsen is still in a medically induced comma?


I skimmed this morning...thought I saw that he was no longer critical-upgraded to serious. No other information, though.


According to KO, he's out of the coma and able to communicate by writing. The Countdown staff is in contact with Olsen's roommate who brought them the status update.
Thanks Mondo.


Comment by Mondobubba on 10/28/2011 13:56:56
Quote by Raine:
Quote by Mondobubba:
Quote by TriSec:
Quote by Raine:
Does anyone know if Scot Olsen is still in a medically induced comma?


I skimmed this morning...thought I saw that he was no longer critical-upgraded to serious. No other information, though.


According to KO, he's out of the coma and able to communicate by writing. The Countdown staff is in contact with Olsen's roommate who brought them the status update.
Thanks Mondo.


He still might need surgery.

Comment by TriSec on 10/28/2011 13:58:01
I think this was yesterday's news, but the BBC is reporting that we are flying Predator drones over Somalia in support of Kenya vs. Al-Shabab.

Out of Iraq, Nato winding down Libya....but we can't let all this in-theatre hardware go to waste now, can we?



Comment by Raine on 10/28/2011 14:04:00
Sometimes I think that these candidates go for the Flat tax so it makes it easier for them

Comment by trojanrabbit on 10/28/2011 14:17:35
There's a giant Domo-kun wandering about the office.......

Farkers especially know the first thing that came into my mind.

Comment by wickedpam on 10/28/2011 14:20:31
Quote by Raine:
Quote by wickedpam:
If 60 is the new 40, that means 40 is the new 20. Awesome!
Tell my aching body that it's 20, It might throw a cramp at you.



My body may feel 40ish most days but the rest of me still feels in my 20's and sometimes like I"m 12

Comment by Raine on 10/28/2011 14:47:54
Imagine a one percent tax on all stock trades over 100 Dollars. Hell. even a half percent tax.

Imagine how much money that would make for the country.

Comment by wickedpam on 10/28/2011 14:52:49
Comment by Mondobubba on 10/28/2011 14:58:35



If you are going to have Occupy NoVA why are they meeting in Washington? Just sayin. Personally, I think they need Occupy Fairfax, Arlington, Alexandria & Prince William.

Comment by Raine on 10/28/2011 14:59:15
Just scoped that out, there are three NoVa occupy pages right now.


Comment by Raine on 10/28/2011 15:00:49
Quote by Mondobubba:



If you are going to have Occupy NoVA why are they meeting in Washington? Just sayin. Personally, I think they need Occupy Fairfax, Arlington, Alexandria & Prince William.
looks like they are meeting at an already established sight to decide where and what to do next.




Comment by wickedpam on 10/28/2011 15:02:03
Quote by Raine:
Quote by Mondobubba:



If you are going to have Occupy NoVA why are they meeting in Washington? Just sayin. Personally, I think they need Occupy Fairfax, Arlington, Alexandria & Prince William.
looks like they are meeting at an already established sight to decide where and what to do next.





yep, that seems to be the case. On the FB page someone is suggesting a place in Alexandria

Comment by Mondobubba on 10/28/2011 15:02:38
Ha Ha Ha, Fuck you Rick Scott No peeing in cup to get welfare benefits in Florida.

Comment by wickedpam on 10/28/2011 15:02:54
Quote by Raine:
Just scoped that out, there are three NoVa occupy pages right now.



there are but the one I linked to seems to be attached to the K Street peeps

Comment by Mondobubba on 10/28/2011 15:03:11
Quote by wickedpam:
Quote by Raine:
Quote by Mondobubba:



If you are going to have Occupy NoVA why are they meeting in Washington? Just sayin. Personally, I think they need Occupy Fairfax, Arlington, Alexandria & Prince William.
looks like they are meeting at an already established sight to decide where and what to do next.





yep, that seems to be the case. On the FB page someone is suggesting a place in Alexandria


I was just sayin...

Comment by wickedpam on 10/28/2011 15:06:32
Quote by Mondobubba:
Quote by wickedpam:
Quote by Raine:
Quote by Mondobubba:



If you are going to have Occupy NoVA why are they meeting in Washington? Just sayin. Personally, I think they need Occupy Fairfax, Arlington, Alexandria & Prince William.
looks like they are meeting at an already established sight to decide where and what to do next.





yep, that seems to be the case. On the FB page someone is suggesting a place in Alexandria


I was just sayin...



no worries

Comment by BobR on 10/28/2011 15:07:20
The Occupy protests are meant to get in the face of those perpetrating the problem. I have to wonder where in Alexandria that might be. Most people in these parts are sympathetic to the cause.

Comment by wickedpam on 10/28/2011 15:13:00
Quote by BobR:
The Occupy protests are meant to get in the face of those perpetrating the problem. I have to wonder where in Alexandria that might be. Most people in these parts are sympathetic to the cause.



hard to say, find out where the most lobbiest live? Didn't NoVA just get named the richest place in America now?

Comment by Raine on 10/28/2011 15:14:26
Quote by BobR:
The Occupy protests are meant to get in the face of those perpetrating the problem. I have to wonder where in Alexandria that might be. Most people in these parts are sympathetic to the cause.
I would imagine on Market square in Old Town.




Comment by BobR on 10/28/2011 15:16:27
Quote by Raine:
Quote by BobR:
The Occupy protests are meant to get in the face of those perpetrating the problem. I have to wonder where in Alexandria that might be. Most people in these parts are sympathetic to the cause.
I would imagine on Market square in Old Town.


That IS a big tourist area, so that's actually a pretty good idea, now that I think about it.

Comment by wickedpam on 10/28/2011 15:23:37
Quote by BobR:
Quote by Raine:
Quote by BobR:
The Occupy protests are meant to get in the face of those perpetrating the problem. I have to wonder where in Alexandria that might be. Most people in these parts are sympathetic to the cause.
I would imagine on Market square in Old Town.


That IS a big tourist area, so that's actually a pretty good idea, now that I think about it.



I think that the spot I saw suggested

Comment by Raine on 10/28/2011 15:26:42
Quote by wickedpam:
Quote by BobR:
Quote by Raine:
Quote by BobR:
The Occupy protests are meant to get in the face of those perpetrating the problem. I have to wonder where in Alexandria that might be. Most people in these parts are sympathetic to the cause.
I would imagine on Market square in Old Town.


That IS a big tourist area, so that's actually a pretty good idea, now that I think about it.



I think that the spot I saw suggested
I saw that after I posted this.

Plus they wouldn't have to worry about winter flooding.

Comment by Raine on 10/28/2011 15:30:31
Is there an Occupy Richmond?

Comment by Raine on 10/28/2011 15:31:20
Hey Mala, you mentioned the other day about an annual board meeting and that is was drama free --

So are things finally settling down?

Comment by wickedpam on 10/28/2011 15:34:06
Quote by Raine:
Hey Mala, you mentioned the other day about an annual board meeting and that is was drama free --

So are things finally settling down?



I want to hope that they are, but none of the trouble makers have moved and the one who likes to stir stuff up when she's bored is still there. I'm hoping this year we can get more done. If they hadn't stuck there noses into the middle of the 1 By Youth stuff I would have gotten more down for the community this year.

Comment by Raine on 10/28/2011 15:41:38
Quote by wickedpam:
Quote by Raine:
Hey Mala, you mentioned the other day about an annual board meeting and that is was drama free --

So are things finally settling down?



I want to hope that they are, but none of the trouble makers have moved and the one who likes to stir stuff up when she's bored is still there. I'm hoping this year we can get more done. If they hadn't stuck there noses into the middle of the 1 By Youth stuff I would have gotten more down for the community this year.


Well --
I am glad that your personal stress level has been alleviated. Here's to a better year!


Comment by wickedpam on 10/28/2011 15:44:03
Quote by Raine:
Quote by wickedpam:
Quote by Raine:
Hey Mala, you mentioned the other day about an annual board meeting and that is was drama free --

So are things finally settling down?



I want to hope that they are, but none of the trouble makers have moved and the one who likes to stir stuff up when she's bored is still there. I'm hoping this year we can get more done. If they hadn't stuck there noses into the middle of the 1 By Youth stuff I would have gotten more down for the community this year.


Well --
I am glad that your personal stress level has been alleviated. Here's to a better year!



yes, my stress has dropped quite a bit :)

Definatly to a better year!

Comment by wickedpam on 10/28/2011 15:44:38
Quote by Raine:
Is there an Occupy Richmond?


haven't heard, but there needs to be since McDonnell is such an ass


Comment by TriSec on 10/28/2011 15:49:55
Ya know that poor lady in Antarctica that had a stroke?

Rumour has it that she worked in this office, but asked for a transfer to "someplace warmer".

Honestly, I wouldn't have this much on if I was camping this weekend.



Comment by Raine on 10/28/2011 15:50:22
Quote by wickedpam:
Quote by Raine:
Is there an Occupy Richmond?


haven't heard, but there needs to be since McDonnell is such an ass
Maybe the bar has just been lowered THAT much (I'm sure that is the case for me) But I feel like we dodged a bagger bullet with him.

Maybe it's due to the state house, but he hasn't seemed to cause as much trouble as the likes of Walker and Scott, etcetera.

As an Aside, I am very much looking forward to voting for Adam Ebbin for State Senate. (despite the fact that his political signs - and campaign - are the color for the Redskins... )

*** this is not an endorsement

Comment by wickedpam on 10/28/2011 15:53:28
I think it does have a lot to do with the state house. Its Cuch that's been the biggest pain in the ass, can't wait till he's up for reelection

Comment by Mondobubba on 10/28/2011 15:59:12
Quote by Raine:
Is there an Occupy Richmond?



Google says, YES!

Comment by Mondobubba on 10/28/2011 16:04:52
Comment by Raine on 10/28/2011 16:19:35
Quote by wickedpam:
I think it does have a lot to do with the state house. Its Cuch that's been the biggest pain in the ass, can't wait till he's up for reelection
No THAT dude is nothing but trouble.




Comment by Raine on 10/28/2011 16:20:06
Quote by Mondobubba:
Quote by Raine:
Is there an Occupy Richmond?



Google says, YES!

Excellent!

Comment by Raine on 10/28/2011 16:20:41
Still working on my halloween costume. We are actually going to a party this year!

Comment by livingonli on 10/28/2011 16:29:14
Good day everyone. It got too cold too quick and I just want to curl up.