“Since my net income — and again, that’s the individual rate that I told you about — the amount that I have to reinvest in my business and feed my family is more like $600,000 of that $6.3 million. And so by the time I feed my family, I have maybe $400,000 left over..." - Republican Tea Party member John FlemingThe Republicans are out in force. Their Plutocratic Masters are furious that the top tax rate may increase from 35% to 39.6% or that Capital Gains profits would be taxed as regular income.
"If inequality is at a much higher level - who cares?" ~ Brit Hume, Faux News
It's been class warfare ever since the Wealthy had the tax codes changed so they could pay themselves a "salary" of $100,000 and millions in "dividends", on which they pay a paltry 15%. Meanwhile, they insure you pay twice that rate on the money you earn. The Middle Class has been carrying the burden of funding the government for decades. It's ingenious, to make the middle and working class pay for Social Security and aid to the poor while the Rich pay less in taxes, capped the SSI payroll tax at $106,000 and funnel billions to themselves from "government contracts".
The Rich are rapidly gaining total economic control of the US and will not abide having anyone stand in their way. So, they issued orders to their Hitmen in the Republican Party to bombard the airwaves with cries of "Class Warfare!"
Here's how His Regal Lordship Paul Ryan reacts when a Peasant dares question him;
Representative Ryan shall not brook Peasants in his Sight, "I hope he's taken his blood pressure medication," while he still can because after Ryan enacts his couponcare program, pre-existing conditions are going to cost too much of your "individualized" health savings account.
Of course, this isn't the first time some pleb has gotten to close to Paul Ryan. While being treated to a $700 dollar Pinot Noir dinner date from $20 Billion dollar Hedge Fund "Manager" Clifford S. Asness, a peasant had the gall to approach the Sagacious Deficit Guru and his companion. Asness, who correctly did not want to have his hands sullied with touching a poor person, declared, "Fuck Her"!
The Richest have so much economic power they have no fear of actively and openly trying to dismantle any opposition to their control. Paul Singer is the head of a $17 billion hedge fund, i.e. he shuffles paperwork around, creates jobs in Thailand and closes American plants and business's to "make money". Mr. Singer, a self proclaimed Barry Goldwater conservative, was still advocating the Right Wing BS that any regulation of Wall Street by Government would threaten to ruin the United States’ standing as the world leader in finance, during the Bush economic collapse year of 2008. Wall Street knows best America, regulation is theft; Capital belongs to the Capitalist; Poverty belongs to the Poor!
The Koch Brothers Party of the Opulent in June 2011, was attended by Billionaires and Millionaires, who were lavished with praise from their special guest, New Jersey Governor Chris Christie, whom they flew out special to lavish them with praise as they applauded themselves for their excellence and prepared for the "Mother of All Battles". (Read and listen to Christie's vile speech broken by the Brad Blog)
The Moneyed Masters see the 2012 elections as providing them the necessary power to complete the subjugation of America; they will steal Social Security, eliminate Pell Grants, end Medicare/Medicaid, obliterate Unions and so beat down the Middle Class that Americans will be battling each other for an extra crust of bread or a few more slips of Plutocratic company scrip.
And if you resist? Well, John Fleming (R-LA) has a message for you, "That’s people who will not get jobs."
Faux News is out in force pushing the Plutocrats Talking Points. This from Michelle Malkin is the height of the alternate conservative universe hypocrisy; "we're talking about non-wealthy people who are earning, say, $250,000..."
For the purposes of their genuflection to the Rich, a quarter million is "non-wealthy" for purposes of destroying Unions and making teachers destitute, $50,000 is greedy.
Now, personally I don't think $250,000 is wealthy. At this point, it's upper middle class. But, it's a sick and twisted land we live in that conservatives are allowed to consistently label those making one-fifth that amount as thugs and parasites.