Someone's Gotta Pay

Bloomberg tells us:

"Americans want their government to create jobs through spending on public works, investments in alternative energy or skills training for the jobless.

"They also want the deficit to come down. And most are ready to hand the bill to the wealthy."

Yeah, and?  Who else even could pay? 

More of our nation's wealth is concentrated in fewer hands than was the case, say, 25 years ago.   Basically, corporations are pass-through entities for wealthy individuals, be those individuals  shareholders or employees (e.g., execs and managers).

Corporations (and wealthy individuals) have reaped tremendous financial benefits through governmental policies (e.g., policies relating to taxes, worker's wages, and corporate regulation).  Corporations (and wealthy individuals) have directly or indirectly received huge taxpayer-funded subsidies (e.g., government contracts and agricultural programs for landowners).

I don't think there's much left to squeeze out of us middle- and working-class folks.  Thus, if jobs are needed to repair our nation's economy, whom else can we expect to give up a little in order to fund those jobs?

As a side note, who paid for the $1-trillion-plus in bailouts of our nation's financial institutions (i.e., pass-through entities for wealthy individuals)?

The Confluence comments:

"The interesting thing seems to be the complete disconnect between what’s going on in Washington DC where all relief from the financial crisis has appeared to help the people that caused it get back on track with the multimillion dollar bonuses.  It has also caused banks to increase credit card rates and decrease loan availability at a time when interest rates are so low that we’re essentially in a liquidity trap and they aren’t paying much interest to borrow money from the public themselves."

Good point.

Comments

[flowerplough]

Who's gotta pay? You do. Just ask Michelle:

"The truth is, in order to get things like universal health care and a revamped education system, then someone is going to have to give up a piece of their pie so that someone else can have more."

Believe she said this when enroute to Camp David (by air) or when she and he were jetting (separately) to Copenhagen to drive the 2016 Olympics out of Chicago. Or maybe it was when they took the people's 747 from Washington to New York for Date Night.

[Robert Zimmerman]

"Americans want their government to create jobs through spending on public works, investments in alternative energy or skills training for the jobless."

Really?

http://tinyurl.com/24f5wf
Rasmussen: Sixty-six percent (66%) of U.S. voters prefer a smaller government with fewer services and lower taxes

[medieval clothing]

"Americans want their government to create jobs through spending on public works, investments in alternative energy or skills training for the jobless.

"They also want the deficit to come down. And most are ready to hand the bill to the wealthy."

I want it to be light and dark at the same time

[load balancing router]

"Rasmussen: Sixty-six percent (66%) of U.S. voters prefer a smaller government with fewer services and lower taxes "
-------------------

They want that assuming THEY will not be the one inconvenienced or affected by the smaller govt, fewer services and the lower taxes. Considering 50% of the pop doesn't pay taxes anyway, they can just keep voting to take more of taxpayers who do's hard earned cash.

[forum watches]

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