CNBC’s Joe Kernen: “It goes back to our forefathers, who said limited government, low taxes,”
NYT’s Paul Krugman: “I don’t remember actually hearing about that. I don’t think that’s in there.”
Federal income tax was created in 1913.
Krugman added: “People getting their news from sources like that are probably getting terrible advice about any kind of investment that depends on macroeconomics.”
I didn’t cause this fucking deficit, old people who got sick didn’t cause this deficit, hungry children whose homes were foreclosed on illegally didn’t cause this fucking crisis, your damned war profiteering did, tax cuts for the super rich did, corporate welfare did.
I didn’t wreck the economy, the fucking bankers did.
You know who fucked this up? The very, very rich people! The politicians who are OWNED by very, very rich people. You fucked this up, not me, so you need to go first on the “Let’s sacrifice” diving board, because I am not in any position to sacrifice and you, dear rich people, have ALL THE FUCKING MONEY.
It’s a record Republicans find terribly inconvenient, but “no peacetime president has raised taxes so much on so many people” as Reagan.
Reagan was The Great Taxer.
One thing I really, genuinely enjoy about the Occupy Wall Street campaign (and this is also why I think that it will be successful in bringing about change) is the whole premise of the 99%. This is an extremely powerful message. By calling out the 99%, we’re bringing into light the reality of classical/trickle-down economics/capitalism.
See, I believe that most of the people who believe that deregulated business leads to a better economy are people who are either benefiting from it greatly (corporate execs.), and also anyone who believes in the “rags to riches” type of story. That in America, you either spend your whole life trying to make it, or you don’t. However, I believe that people put too much faith in that type of mindset to the point that they believe it’s common for poor people to become rich or at least financially comfortable.
But because of this great campaign, we’re bringing into the light the real reality of our economic system. People that have massive amounts of debt and are struggling to pay for the necessities are what’s common. This idea that anyone can become rich if they try hard, or have the proper credentials, or try and pursue a career will be successful is just not true. And this Occupy Wall Street campaign shows that. With more people like this coming forward, people will begin to learn and realize that this economic system does not work, and it needs to be fixed.