The rich recipients of the Bush-era tax breaks are "the job creators." We have heard this lame argument for so long, with no positive results to substantiate it, that most of America is fed up with the out of sync tune.
Yet Republicans, in their seemingly tone-deaf quest to hold on to a decade-long tax break, continue to use their worn-out, off-key tune during this election cycle. How they have brazenly gotten away with this piracy is beyond me, but after 10 years and counting, they are still enjoying the benefits of "trickle down" economics. It's an economic module that has afforded the top one percent accelerated wealth over the latter years but is an epic failure for the rest of America.
Now Mitt Romney is blasting president Obama for the dismal job numbers of July, delivering blistering rhetoric every chance he gets on the campaign trail. But is his blame game highly disingenuous and as intangible as smoke?
If his party claims the Bush-era tax breaks are justified and merit renewing every time they come up for a vote on Capitol Hill, then they have to shoulder the blame for the abysmal job market and the fledgling economy. They can't have it both ways.
If Obama is responsible for the stark state of affairs, then he is right to fight to do something about it, starting with the tax break for millionaires and billionaires, which is a drag on the national budget and contributes to the deficit. He is right in calling for everyone to pay their fair share, including himself.
We all can agree there are not enough jobs. Therefore, we can safely say the tax breaks for the wealthy did not create the jobs the GOP claims they did. If they had, we shouldn't be in the predicament we're in at the moment. After all it has been more than 10 years. The chicken has certainly come home to roost, and the many years of unfair taxation which siphoned off revenue to the coffers of the top earners while starving the middle and bottom class, have created the widening wage gaps and subsequent deep imbalance in living standards in this country.
In the words of George Orwell, "In times of universal deceit, telling the truth will be a revolutionary act," and we know revolutionary change and telling the truth are not in the vocabulary or the agenda of most politicians in Washington. The Republicans and some Democrats are staunchly in favor of the failed economic policies which drove us into the financial abyss we can't seem to be able to escape. This is not surprising, for legislators have not changed much of what is causing the bleeding.
The Thorn Law Group is gleefully advertising on their website that the IRS has announced a 2012 amnesty program for undisclosed off-shore bank accounts, writing:
"A Voluntary Disclosure provides U.S. taxpayers with previously undisclosed offshore accounts a way to avoid the harshest penalties and potential criminal prosecution.
Thorn Law Group Can Help you with latest IRS Offshore Account Amnesty Program
On January 9, 2012, the IRS introduced the reopening of its Offshore Voluntary Disclosure Program for Undisclosed Offshore Accounts! "
You see, it is not illegal to hide your money in the warm tropics or the cold Swiss vaults. In fact most millionaires and billions insist on it. As the presumptive Republican presidential nominee has said publicly and unapologetically, he hasn't broken any laws and doesn't want to pay a penny more than he legally has to pay.
As funnyman Jon Stewart puts it, yes, presidential hopeful Romney is not doing anything illegal but we wish he would feel bad about doing it. As someone who wants to be the president of the people, by the people for the people, we wish he would feel bad about a tax system that allows some Americans to prosper at a rate the rest of us cannot. We wish he would see that the federal largesse he enjoys in tax breaks, shelters and havens fall under the same "government entitlements" he and his GOP cohorts rave against for the less fortunate.
We wish that he would see that paying 13 or 14 percent tax on $114 million because of an ambivalent tax code, while low income folks pay much more, indicates a need for a bit of re-structuring; it is unsustainable under our present economic system. Meanwhile, $32 trillion reportedly languishes in offshore accounts--all courtesy of the world's wealthiest. I repeat: $32 trillion dollars. This staggering amount of money which is equivalent to the GDP of Japan and the U.S. combined, belongs to only 10 million of the globe's population of over 7 billion people.
Marinade on that for a minute and check out the attached video above for more.
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SOURCES LINKED TO WITHIN TEXT.