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Posts Tagged ‘tax the rich’

Senator Bernie Sanders on the Senate Floor Feb. 16, 2011

The Nation September 18, 2011

John Nichols

Declaring that “Social Security is the most successful government program in our nation’s history,” and decrying threats to Medicare and Medicaid that would punish Americans who did not cause the current economic crisis, Vermont Senator Bernie Sanders brought thousands of progressives from across the Midwest to their feet Saturday, as they cheered his message to President Obama and the Congressional “super-committee”: “We can deal with deficit reduction in a way that is fair and responsible.”

“Instead of balancing the budget on the backs of working families, the elderly, the children, the sick and the most vulnerable,” Sanders said, “it is time to ask the wealthiest people and most profitable corporations in this country to pay their fair share.”

In several speeches to crowds that numbered in the thousands who gathered for Fighting BobFest events in Madison, Wisconsin, Sanders continues to spell out the progressive economic agenda that argues against cuts in Social Security, Medicare and Medicaid to balance budgets and address deficits and for tax policies that end special breaks for the wealthy and multinational corporations that offshore jobs from the United States.

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MEANWHILE ON WALL STREET

       The whole world is watching.

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by Geezer Power


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Thom Hartmann talks to Larry Beinhart on Air America Radio about why you should be screaming for higher taxes on the wealthy. Bienhart, famous for his book Wag The Dog, regularly blogs on Huffington Post.

AlterNet

By Larry Beinhart, Posted January 12, 2009.

Why are we so resistant to raising taxes? It’s our nature. Nobody likes to give up their own money for the common good.

US economic growth has been strongest when our taxes have been high. During World War II, then under Truman, Eisenhower, and Kennedy, our upper marginal tax rates were between 88-92%. Read those numbers again. They are astonishingly high. Those were our strongest growth years.

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