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Courtesy of The Atlantic
This is a good illustration of how compromise works… After the Tea Party’s humiliating defeat, it appears all those left, have thrown their mesh skeletons into the trash can, and to each of their entreaties for redemption…. have given them a collective……
“Forget about it…”
It should hit you hard right now, of just how far back we are from where we’d be if 2010 Tea Party Revolt had never happened………
Ready To Raise Those Taxes On Millionaires Now?
If the Democrats had control of the House right now, this would not exist….
Call your friendly Republican Politician right now, and tell him how you “really” feel…..
I watched the Sequester take down another man….. Gone, gone, the damage done…..
Just a quick review of the Wilmington News Journal this past week to keep up with exactly all the unnecessary waste and wasteful perks we needed to cut so our billionaire friends won’t have to pay one more single penny of every dollar they earn over the $1 million mark…… .*
Here are those things less important than a penny to a billionaire……
- Air Force suspended its military tuition assistance program for the remainder of fiscal year 2013, impacting more than 1,000 Dover Air Force Base Airmen…
- DAFB has already endured deep cuts to flying hour programs, training cancellations and civilian furloughs,,,
- Delaware will lose approximately $1.4 million in funding for primary and secondary education, putting around 20 teacher and aide jobs at risk.,,,,,
- 2,000 fewer students would be served and approximately 4 fewer schools would receive funding…
- Delaware will lose approximately $1.8 million in funds for about 20 teachers, aides, and staff who help children with disabilities… including autism.
- Head Start and Early Head Start services would be eliminated for approximately 100 children in Delaware,
- Delaware would lose about $1.1 million in environmental funding ..
- Delaware’s to lose another $359,000 in grants for fish and wildlife protection.
- 2,000 civilian Department of Defense employees would be furloughed or around $7.6 million in payroll no longer hitting Delaware’s economy…
- Delaware will lose about $83,000 in Justice Assistance Grants,, used to prosecute criminals.
- Delaware will lose about $86,000 in funding for job search assistance, referral, and placement,..
- 100 disadvantaged and vulnerable children are being dropped from child care, meaning their parent will have to quit work to care for them.
- Reduced funding for vaccinations of about $26,000. 380 fewer children will receive vaccines
- Delaware will lose approximately $86,000 in funds to help upgrade its ability to respond to public health threats..
- Delaware will lose about $330,000 in grants to help prevent and treat substance abuse..
- Delaware will lose about $70,000 resulting in around 1,800 fewer HIV tests….
- Gone are the $19,000 in funds that provide services to victims of domestic violence,
- Gone are the $201,000 in funds that provide meals for seniors, currently the only meal they have.
- Elimination of inspections to prevent the introduction of foreign pests and diseases into U.S
- 1,000 fewer grants awarded by the National Science Foundation, and 5.1 percent cuts to the National Institute of Health..
In all, $18 million that would otherwise flow into Delaware’s economy…… The CBO uses this formula to judge the economic impact of Federal cuts. 1.6 times the Federal Cuts = local economic damage…. Delaware then is facing a slump of $28.8 million dollars…
And why are we facing all these hardships?
So billionaires won’t have to pay one penny off every dollar they earn over a million….. Just curious,… what part of society do you think deserves and needs that money more? If we were choosing where in society that money should go to do the most good, would you vote to keep it in a billionaires pocket?
If you are Republican, you would?……..
*(one penny on every dollar earned over 1 million equals almost exactly $85 billion, the amount of the sequester...)
So, you who have put your faith and service into the United States of America, who have sacrificed a lot for principle, and enlisted or volunteered in the armed forces, are now, about to get a 20% cut in pay?
- How will your family live?
- How will you pay your bills?
- How long until the Sheriff puts your home up for auction?
And why it this?
Because Republicans don’t want billionaires to pay one more penny per dollar earned on all income OVER a million dollars……...
There is no other reason you are taking a 20% cut in pay for serving your nation in the most patriotic fashion….
You just got bumped by millionaires…. Thanks to the Republican Party of the United States of America……
So, how do you feel now?
Courtesy of Wikipedia.
After all the bluster dies down, Historians will revisit this era and come to this conclusion.
In order not to tax the top 1% an additional $85 billion dollars, the 99% was made to suffer for it….
Cost = $85 billion.
Let us compare that to wealth, not income, to see how that $85 billion stacks up….
The current household wealth of the United States is listed between $64 and $65 trillion dollars…. We are going to draw the line at at the top 20% and bottom 80% of the population.
The top 20% owns 89.9% of the nation’s wealth. The bottom 80% owns 11.1%…. In dollars that stacks up as follows:
- Top 20% owns $58 Trillion in net worth.
- Bottom 80% has $ 7 Trillion of net worth.
Ok. now we have the dollar figures. Let us break down the population. Since we are dealing with government services we must assume that affects everyone, so we are going to use the 315 million population figure for our calculations.
- Top 20% of population equals 63 million people.
- Bottom 80% of population equals 252 million people.
So now let us see how that works out per person. For both income levels we are going to divide the total wealth by the total persons and get the total wealth per person…
- 58 Trillion divided by 63 million people gives a per person average of…$841,269 per citizen.
- 7 Trillion divided by 252 million people gives a per person average of … $27,777 dollars per citizen.
Ok so here is what historians will find. If we tax the existing revenue for the $85 billion difference it will only hit the top group of 20%… If we sequester or cut out of our national budget, it will only hit those in the bottom 80%…
To see what the average hit will cost, we will take the $85 billion and divide it among the number of people in that income range. Then later we will apply that to their wealth and see who has the greater and who has the less percentage…
- $85 Billion sequestered spread over 63 million 20%’ers comes to $1349 each.
- $85 Billion sequestered out of the 252 million 80%ers comes to a tiny…. $337 each…
So here is the fun part.
- That $1349 is this percent of $841,269… 0.16% of one percent.
- That $337 is this percent of $27,777…. 1.2 percent…
Each person in the bottom 80% is paying roughly 8 times more of a burden to their wealth than paid by those in the top 20%……. When our economy fails and historians look back and say, didn’t anyone crunch the numbers? Well, yes? Someone did..
And if fairness is truly an America virtue, then once we know that a 8 to 1 ratio exists, it become easy to figure out how to divide the costs equally… (8x +1x = $85B) then we should have a tax hike of $75 billion and sequester or cut of $10 billion to give every America an equal percentage bite out of their wealth….
kavips 