I'm watching George and George with Newt on ABC's This Week. Here is a strange comment by Wills, who I think is intelligent: the wealthy already pay 38 percent of the taxes, they shouldn't pay more taxes. Why not, they already own 80 percent of the wealth. Here is a new bumper sticker: "Sell it here build it here." We have deindustrialized the country, how about reindustrializing ?
Newt says if we tax the billionaires more, they will move their wealth off shore. Really? They have already done that. Look, the class war is over and the working poor have lost. While the upper class was busy "creating wealth" by stealing from the working poor around the world, our politicians were busy making previously illegal behavior legal.
Now the working poor are being blamed for the collapse of banks because they bought houses they couldn't afford. They could afford them before gas prices went to five dollars a gallon. This sounds like blaming the poor during the Hurricane Katrina for stealing food from a flooded Wal-Mart that couldn't be sold.
Oct 19 2008 - 10:03am