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View Diary: How to Cut the Poverty Rate in Half: A Universal Income For All (73 comments)

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  •  No Friedman and Nixon (1+ / 0-)
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    thought it worthwhile on Republican principles to replace Social Insurance programs with welfare programs like EITC financed from General Fund revenues and tax credits while pushing to eliminate any and all taxation on capital.

    Look at the Ryan Roadmap. Or any other Republican economic plan. Right along side proposals to establish a guaranteed income floor for the poor in any program you could mention is an equal attempt to eliminate taxation on estates, corporations, (God Help Us) carried interest, dividends, while carving out tax exemptions for Health Savings Accounts, Education Account and whatever Accounts would allow Rentiers to shied their income from taxation while shiting the burden down to upper middle class professionals and the remnants of the unionized manufacturing and public service sectors.

    The Republican Roadmap always has run in the same direction: eliminate speed limits for capital (Makers) while imposing them on Takers (middle class people using "loopholes") and Moochers (anyone using any public service not including Coast Guard services to yachts in distress).

    "Tax fairness" "Flat Tax" "Rate Reform" "Consumption Taxes" no matter what the supposed public polciy justification it always has the proximate result of lower top rates and/or reducing taxation of capital. In this respect there is no difference between Forbes and the Kochs and Rubinistas. They are not all haters but they all share a fundamental Friedman and Rand induced belief that Makers should not be taxed. Ever. On Anything. Even On or After Death.

    For example the Full Ryan Roadmap would grant tax freedom for even the heirs of Billionaires. Forever. Every possible source of those heirs' incomes would be tax exempt. And all the while the Randites and Paulites serve this up as some sort of break for middle class savers.

    It's like we can't add.

    SocSec dot.Defender at - founder DK Social Security Defenders Group

    by Bruce Webb on Thu Nov 07, 2013 at 08:28:51 PM PST

    [ Parent ]

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