Your quote of the day
Citizens for Tax Justice has calculated that President Obama’s “Buffett Rule” would, if in effect this year, raise $50 billion in a single year and affect only the richest 0.08 percent of taxpayers — that’s just eight percent of the richest one percent of taxpayers. [...]
ctj.org
99.92% of us will not be affected by "The Buffett Rule". Of the .08% of the wealthiest Americans who the Buffett tax rule will affect, the creme de la creme of the steaming shit bowl that our Oligarchy hath wraught over the last 40 years of trickle down Reaganomic sophistry, well, this graph should easily detail exactly how rich the super-rich are. Despite the all-too predictable shrieking Grover Norquist and his tribe will engage in, when it comes to slightly higher taxes, trust me, the economic royalty can easily afford it.
Look . . .
acivilamericandebate.wordpress.com
More below the fold and a hat tip to Pat Garofalo at ThinkProgress.org for the info above
This graph is from 2000-2006, or what Republicans call "The good ole days".
Over that time 90% of Americans saw their income decrease. Only the wealthiest 10% of Americans saw their income grow, and the vast majority of that growth went straight to the hands of the wealthiest one percent of Americans. Since 2006, things have become incredibly worse for the 90% of Americans who were already falling behind when the Bush Tax Cuts for the rich first went into effect.
$50 Billion dollars from closing a tax loophole that only benefits the .08% of richest Americans. I'm not even talking about the 1%, I'm talking about the 1% of the 1%.
We can literally have tax cuts for the rich or we can have everything else.
And the worst part is, the wealthiest .08% of Americans don't need anymore breaks. Especially not at the expense of everyone else.
That's not class war, that's simple math.
And the wealthiest 1% of the wealthiest 1% are the luckiest people on earth. If they can afford to make million dollar political donations they can easily afford slightly higher taxes.
Peace and love to all.
You can follow me on twitter at @JesseLaGreca