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View Diary: It's not personal, it's just business (127 comments)

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  •  Fair point (25+ / 0-)

    It takes real integrity and strength of character to knowingly advocate for policies that will cost you an arm and a leg to help the less fortunate.

    •  More like an arm OR a leg...maybe (4+ / 0-)
      Recommended by:
      greenearth, ladybug53, JerryNA, nchristine

      The top 1% of households had minimum income of $516,633 in 2010, down from $646,195 in pre-crash 2007. They lost more from the various asset bubbles bursting than from any additional tax or regulatory burden which might ever be imposed on them.

      Who are the 1 percent?

      When you are right you cannot be too radical; when you are wrong, you cannot be too conservative. --Martin Luther King Jr.

      by Egalitare on Sun Jun 16, 2013 at 06:01:37 PM PDT

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    •  You're comment says it all. So many good kossacks (1+ / 0-)
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      rail against the evils of the wealthy (and for very good reason, I do to), because the rich just don't want to pay more taxes to the Govt to "pay for" all the things that are necessary for the Govt to do to help us make a better society.  But thats the rub, the wealthy have perpetuated The Big Lie since Nixon and his commerce secretary Pete Peterson (yes, that pete peterson of Fix the Debt fame),  took the USA off the gold standard on August 15, 1971.  The Big Lie is that the Govt must get tax money or borrow before it can spend money just like our personal household or business budgets.  The USA runs a fiat monetary system and uses a non-convertible, floating exchange rate national currency.  The US dollar comes from the US govt.  If you think that the Govt can't "afford" to pay for SS or medicare for all unless it first raises the taxes on the wealthy, then you are part of the problem.  Americans will never ever accept tax collections as high as 30 - 40% of GDP to "pay for" a social democracy with a better safety net, and they don't have to.  The federal Govt has no need of our money, it does not work in any way like a regular budget.  The Govt is the currency issuer and we don't need to tie new social spending to higher taxes, that argument is a political loser and the reason for The Big Lie in the first place.  As long as people believe that the Federal Govt must "earn money" instead of simply create more of its own money (like it does for every deficit dollar), than the rich right wingers are going to keep winning.

      "The Earth is my country and Science my religion" Christiaan Huygens.................... Please join our Kos group "Money and Public Purpose". The gold standard ended on August 15, 1971, its time we start acting like it.

      by Auburn Parks on Mon Jun 17, 2013 at 06:00:02 AM PDT

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