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Concentration of Wealth! That is how we combat this "Spread of Wealth" Meme!

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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:24 AM
Original message
Concentration of Wealth! That is how we combat this "Spread of Wealth" Meme!
Considering that there is barely any wealth left, why is concentrating wealth preferable to the American people? It shouldn't be!
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Medusa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:24 AM
Response to Original message
1. I like "Tax Equity" better
let's make the rich--pay their EQUAL share of taxes. Why is it that I'm paying more percentage wise than Cindy McCain is?
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:26 AM
Response to Reply #1
2. I just think when we use the exact same word, Wealth.......
and the opposite Concentrate instead of spread, folks get a better understanding as to what is actually bein said.....and when faced with the choice, they can realize that concentration of wealth is not acceptable.
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AnotherMother4Peace Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:33 AM
Response to Original message
3. As a part of middle class, I like the term "spread the wealth" - This approach is NOT a winner for
the GOP, especially since so many Americans could use a little more of the wealth.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:35 AM
Response to Original message
4. An economy that works for the people
Billions of dollars of wealth have been redistributed to the top 1% through stagnated wages and tax cuts for the wealthy. We need an economy that works for the people.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:41 AM
Response to Original message
5. kick,
We need to change the direction of this tax conversation to jobs and income and health care and college.
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90-percent Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:42 AM
Response to Original message
6. Trickle Down
Edited on Sun Oct-19-08 11:43 AM by 90-percent
We've got thirty years of empirical proof this DOESN'T WORK.

Now it's our turn to experiment with the "Trickle Up" economic theory for the next THIRTY YEARS.

The concept of progressive taxation as defined by FDR is quite simple and I wonder why more Democratic Candidates aren't using it? A lot of this election is about EDUCATION. Obama, as an articulate PROFESSOR OF CONSTITUTIONAL LAW, is probably one of the best people we currently have in the USA that could explain this to the American People.

-90% Jimmy
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:54 AM
Response to Original message
7. I'd say that after our nation has SHARED nearly $800,000,000,000 with Wall Street,
Edited on Sun Oct-19-08 11:59 AM by Overseas
I think the game has now changed. Republicans have finally had to acknowledge that they have helped Wall Street while ignoring Main Street.

And the public has just experienced a whole series of billion dollar bailouts that add up to more than 800 billion dollars.

So then to see that John Sidney McCain III, with $520 shoes and too many homes to count, plans to CUT 800 BILLION from MEDICARE and MEDICAL will probably give them a new perspective on just how that wealth is spread

Republican -- cuts to wealthiest Americans, those earning over $250,000 per year, hoping for the trickle down that never came during Republican administrations since the union-busting Ronald Reagan 1980's.

Democratic -- give cuts to the middle class and poor who are more likely to go out and spend the cash right away, thus boosting our economy and wealth percolating up. Like the Clintons did, which enabled them to hand over budget surpluses to the Bush Gang. And raise taxes on the top two percent to levels they were in earlier Republican administrations to provide some fairness as they reaped huge personal rewards from serving on one another's boards and approving each other's lavish compensation packages. In a time of war, given their enormous perks in other areas, the top 2% could be imposed upon to pay a bit more and would still be able to travel first class.
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Waiting For Everyman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 11:57 AM
Response to Original message
8. What Obama knows about the economy is demonstrated in his campaign finances.
He's got plenty of money, right? He's obviously better at raising it and managing it than the Repubs. They concentrate on a few donors giving a lot. Obama gets a little from many.

The economy is just the same grassroots principle... a little more kept in pockets of many would lift the economy much more than sending it all to the top and hoping some comes back. That consumer buying-power would do more for businesses than giving them unneeded tax breaks, which end up going to top level perks. Keeping more in the hands of many is what we have to do, and that's Obama's tax approach. It's what lifted us out of the Great Depression.

Seeing is believing though. He has proved he knows how to manage money by how he managed his own campaign. He raised $150M this month. While McC's out of money and giving up on states. It's a microcosm.

Also as Powell just said in his endorsement, all tax is distribution of wealth. Any tax is. It's a question of what's fair and what does the most for the economy. Reaganomics gave us this crisis, it generates bubbles. And if they think this came from unqualified home buyers, then tell me, how did home buyers cause the credit default swaps disaster... hundreds of trillions of dollars in liabilities we haven't even dealt with yet... well more than the full value of all mortgages in this entire country? Home buyers had nothing to do with generating or buying swaps, nothing, zero. Bankers did it. The top.


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