“Debt Forgiveness Time Clock is Ticking”

Robert Capelleti October 14, 2012 at 03:19 pm

Yes, I agree. People need help during difficult times: one-third of mortgaged homes are underwater. So we are talking billions of dollars here. And our President has proposed tax cuts for corporations, when the average taxes corporations pay is merely 13%; while the Repubicans talk about extending the Bush tax cuts once again for the rich, but not to cut military spending. Both parties stole our social security money, our pensions. And both parties will raise the retirement age again: maybe as high as 3 years to 69 years of age. This constitutes taking $65,000 from retirees, making them work until they virtually are in a convalescent home, if they should live that long, having no retirement per se.
All this while the rich get richer. And no politician wants to raise taxes on the rich because the rich provide the campaign monies, and politicians want to get re-elected so they put their livelihoods over country and people. The highest marginal tax rate on the wealthy is 35%; it was not below 70% until the 1980s, when our country started running up huge deficits. So why refuse to raise taxes on the super wealthy?