Austerity


Over at They Gave Us A Republic  I read this piece by Ted Frier.  This sentence jumped out

But according to the Washington Post’s resident policy wonk, Ezra Klein, Ryan’s budget is an exercise in political cynicism. Ryan talks a good game about upward mobility and intergenerational justice, says Klein, but the cuts he makes to education, to food stamps, to transportation infrastructure and to everything else besides defense “are draconian.”

Ryan’s budget would cut taxes on millionaires by more than $250,000. And when you add it all up, Klein says 62% of Ryan’s budget cuts come from programs for low-income Americans while 37% of tax benefits go directly to Americans earning more than $1 million a year.

Draconian.

Seems to ring a bell.

Austerity via benefit cuts have real consequences.  This about a sad event in Greece

Dimitris Christoulas shot himself in the head in Athens because he had debts that he could not afford to pay back. Witnesses said the retiree shouted “I have debts, I can’t stand this anymore” before he pulled the trigger, reported MSNBC. A suicide note found in his pocket said he would rather die than scavenge for food.

“I see no other solution than this dignified end to my life, so I don’t find myself fishing through garbage cans for my sustenance,” he wrote in his suicide note, according to BBC.

There is a better, no make that a much better solution.  Raise taxes on the 1%.  You make more than $750,000, then tax that top $250,000 at fifty percent.

You make $5 million, then tax everything over $1 million at 65 percent.

And no more little capital gains loophole for those colostomy bags that work on Wall Street.  They pay the same as everybody else.

Advertisements
Explore posts in the same categories: Politics

Tags: , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: