Letter to the Editor
I read today Republican presidential candidate Michele Bachman putting forth her “everyone-pays” tax plan. What is her plan? Raise taxes on the poor. The Republicans seem to feel that the lower 99% need to pay more taxes. That we should be the ones to shoulder the burden of society. All of them have similar plans that have exactly the same effect. Big tax breaks for the rich, huge tax increases for the rest of us. And you think that we aren’t even smart enough to do the math?
America is not going to become a Plutocracy. Plutocracy is a word coined by Citigroup to describe what America has become. It refers to a society that is controlled by a few wealthy people. And it’s not like they earned it. They are stealing it from us. Their hands are in our pockets. When we buy a house we pay more because of their investment properties. When we buy gas and food we pay far more because the option traders are getting their third. We taxpayers loan them money at 0 percent so they can gamble and if they lose we just hand them trillions of dollars just to borrow it back from them as part of the national debt. It’s a power grab. And we are not going to let that happen.
Plutocracies do not work. That system isn’t self sustaining and when it collapses it takes the rich down too. America can not allow itself to evolve into something that is self destructive. So we’re just not going to put up with it anymore. We need to get back on the right track and I think everyone can agree – this ain’t it. Our only reasonable course of action is to form a new vision of America where we do what Americans have always done in hard times. We need to come together so that all of us come out ok.