Weathy Of America Show Your Patriotism To Capitalism!
After 8 failed years and decades of the “trickle down” theory’s failure to produce anything more than a giant chasm between the nations rich and it’s poor the Republicans have the audacity to insist on more tax breaks for the wealthy. If you cut the wealthy’s taxes jobs will come. But what if they are right?
Having given a lot of thought to the current economic crisis and wanting to continue President Obama’s spirit of inclusion and reaching across party lines I have come up with a way that the wealthy of America and the world could once and for all prove their patriotism and end the era of over taxation forever!
It has been known for some time that the richest 1 of Americans possess more wealth than 90 of the rest of us combined. As a true believer in capitalism I suggest that the wealthiest 1 of the America unite and prove the Trickle down theory once and for all. Forget government intervention and bailouts. The wealthy of the world should get together and make the following offer: In exchange for a government guarantee of lower tax rates on future profits they should pledge roughly one tenth of the 37 TRILLION dollars that Merrill lynch claims “high net worth individuals” controlled as of 2006. Just think what kind of progress the economy could make with a cash infusion of 3.7 TRILLION dollars!
How many good paying jobs could be created with 3.7 trillion dollars? With the best and brightest in the business world instead of the government creating them? How many bridges could be built? How many roads repaired? Could we actually improve on the greatest country in the world? A job for everyone who wants and needs one? Make that happen and who would dare oppose tax breaks for the rich again? And all for only one tenth of your portfolio’s?
Show us your patriotism in our time of need. Break open those rusty vaults and rejoice in the power of capitalism while we still can! The opportunity is now before the sky completely falls and all capitalist and Conservatives are sent into the wilderness. As a wouldbe believer in both I beseech you Act NOW!
I doubt this could ever happen however. It goes against the very fiber of their being wealthy. The key to wealth building is NOT spending. Buy low sell high and never spend unless you have to. This is the sad truth of the “trickle down theory” and every out of work underemployed person living far under the “high net worth individuals” up on the hill knows is that the object of the rich is to get and be rich. At any cost. Without responsibility.
“If you were unaware of the severity of wealth distribution inequities then you are probably in for an even bigger surprise to learn that the rate at which the economic elite are getting richer is simply astounding.
Statistics published in Forbes magazine’s annual survey of America’s billionaires expose this little known but shocking reality. In 1982 there were 13 billionaires; in 1983….15; in 1984….12; in 1985….13; in 1986….26; in 1987….49. Note carefully that prior to 1986 the number of American billionaires had averaged around 13. Then the Reagan administration drastically altered the wealth distribution patterns by introducing new tax legislation favoring the top 1. In 1986 the number of billionaires DOUBLED and by 1987 the number of billionaires had virtually QUADRUPLED to 49!! By 1988 there were 68 individuals or families that each had net wealth in excess of 1000000000. By 1989 the number had risen precipitously to 82. And by 1990 the Forbes survey reported the staggering total of 99!! With favorable tax laws in place the super rich can enjoy bonanza years even during recessions!! The tax laws that allowed this to happen are still in place and will remain in place till enough people get sufficiently concerned to insist that they be changed. “
Excerpted from the electronic book: Feudalism … Alias American Capitalism
About the writer:nbsp;nbsp;All of my work is a step towards transfer of knowledge and I dedicate it to my great father MUHAMMAD AHMAD QADRI and my generous mother Mrs. TASKEEN AHMAD who enabled me to make this humble contribution towards the transfer of knowledge contact: funnydoll5yahoo.com sumayameanssuperbyahoo.com
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