We have witnessed the greatest transfer of wealth from the middle class to the super rich over the last 30 years: the rich have increased their wealth by over four times over the three decades since Ronald Reagan became President.
The decrease in the highest marginal tax rates from 70% to 33% on the rich has not led to any trickling down to the lower and middle classes nor has it created any jobs: that is a myth perpetuated by the mouthpieces of the rich. And the reduction of the capital gains tax rate has not led to any significant investment in capital assets in America in recent years.
It is time to end deficit spending. And the first measure that needs to be adopted is to raise taxes on the wealthy.
The second step would be to cut defense.
Let’s get started. Please sign the petition below and help the rich find their wallets.
Remember Warren Buffett’s call-to-arms:
“there’s class warfare, all right. But it’s my class, the rich class, that’s making war, and we’re winning.”
Winning? They are kicking our asses all the way back to the America prior to the New Deal of the 1930s, when laborers were paid a $1 a day without any employee benefits.