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Wednesday, May 23, 2012

New Symbol for the Democratic Party

 


I believe the following picture should replace the "donkey" as the symbol of the Democratic Party for two reasons.  One is that its shape fits right into the "O"bama campaign.   The second reason is that is fits with their view that we can live off of eating ourselves (or at least the rich for that matter).  Their ideology is that we can simply take from the rich and give to the poor, much like the snake takes from its tail and gives it to its stomach.  After the tail is consumed what is left?  The mid-section?  And after the mid-section? 

For example, let's take all of Steve Jobs money ($40B) that he left in his will (they don't need it anyway) and distribute it all Americans.  That would give all of us about $120.  Just enough to buy you DVD player. Not much when you think about it.  In fact, if we took all the money from Forbes top 400 the total amount would be $1.5 trillion dollars.  While that may seem like a lot, divided equally among 300 million citizens would come to about $4500.   Enough to buy a big screen TV with a Bose surround sound system.  But that's it.   Nothing more.  These people would not be providing jobs anymore and therefore we would have to move to the second level ... the millionaires.  And later when the millionaires are all gone we will have to move onto the sub-millionaires.

This is the tricky balance that the Democratic Party seems to be trying to play right now.  How do they eat the rich just enough that they stay alive so they can feed off of them another day.  Recently this played out on Meet-The-Press with the mayor of Newark Cory Booker saying that the attacks against Bain Capital and other capital investors were "nauseating".   Later, after some phone meetings with the Obama Campaign, Cory Booker issued a "correction" on an edited video saying he had no problem with the Obama Campaign investigating Romney's time at Bain Capital and they should look into that.  (I guess the Obama campaign gave him some "Tums" to settle his nauseated stomach).  The mayor knows he needs companies like Bain Capital to invest in start-ups and struggling companies (and there are lot of them) in his city, but at the same time he must play the Obama game of demonizing such companies. 

Reminds me of a sign I saw on my uncle's farm in Illinois.  It read:  "Don't curse the farmer with your mouth full"







1 comment:

  1. Common Sense seems to think that breaking down the income inequality in the USA, or the world for that matter, is a one time event. The elites of the world didn't garner 90% of wealth overnight. Some times it may feel that way, but that is only because most working class aren't aware of what has happened over the last 50 years.

    Tax policy had a lot to do with the wealth disparity. When you consider that in 1950 the income tax, which included income from capital gains, was 90% of earnings over $400,000.00. President Kennedy started the slide in lower taxes on the wealthy when he supported lowering the top tax rate to 50%.

    Reagan continued the tax reductions by signing legislation that eventually lowered the top income tax rates to 39%.

    During these periods, the taxes on the middle class became gradually higher.

    Along with these tax reduction efforts, the corporate elite figured out how to undermine the Labor Movement. They invested in a Republican Congress who, over President Truman's veto, passed the Taft-Hartley Act that undermined workers ability to organize strong Unions. Section 14(b) of the Act, the "No Rights at Work," continues to weaken workers rights to govern their own organizations. This immediately started the decline in American wages.

    These actions taken together (the American Plan), continued downward wage pressure, raised taxes on the middle class, an year by year put trillions into the hands of the grossly wealthy.

    So, the answer isn't taking the wealth away from the richest 400. It is a long-term plan to re-institute smart tax, labor and trade policies in America.

    As if that wasn't enough, Congress also passed "free trade" bills, that undermined workers jobs.

    Now

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