capital gains

Tax Cuts don't create Jobs and "Growth" doesn't raise Wages

We've been told that lower taxes and more "growth" equates to higher wages and more jobs (known as "trickle-down economics"). But since the depth of the Great Recession, even though stock prices and corporate profits are much higher, a lot more people are "not in the labor force" (and just aren't being counted in the official unemployment rate) — and wages are still down (not to mention, more people are also working part-time and temp jobs).

Feed the Rich and Starve the Poor (Cont.)

It didn't take long before the new GOP House began passing a series of deficit-hiking tax cuts that will primarily help the rich at the expense of everybody else. Rep. Paul Ryan (R-Wis.), the new chairman of the Ways and Means Committee (which writes tax legislation), wants to make some previous tax breaks permanent — arguing that Congress has previously extended certain tax breaks before.

Why do Republicans Hate Social Security?

Here's Charles Krauthammer (the Fox News pundit) writing for the Washington Post -- "Some in Congress are talking about a 10- or 20-cent hike in the federal tax [on a gallon of gasoline] to use for infrastructure spending. Right idea, wrong policy. The hike should not be 10 cents but $1. And the proceeds should not be spent by, or even entrusted to, the government.

Should Billionaires be Taxed for Social Security?

Everybody is picking on the multi-billionaires. The beggars (aka "the takers") are always holding out their hand and constantly demanding more — a living wage or a minimum wage, healthcare insurance, paid sick days, vacation days, safety regulations, equal pay for women, pension contributions ... the list goes on and on. When will it ever stop? And can multi-billionaires even afford these unreasonable demands without tanking the entire economy?

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