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Specifically, though, he's talking about taxing incomes above $250,000, and cutting spending by winding down the war in Iraq. The spending in Iraq does nothing to stimulate the US economy, or to create production -- it's just waste. And the taxation of the upper 5 percent or so of earners may not hurt consumption much either -- and there will be tax cuts at the lower end of the totem pole, which could have a greater than equal effect where we want it. Maybe you could do all that and still improve circulation while reducing the annual deficit.
I mean -- Does distribution matter? I suspect that distribution could be the core of the problem. While wages have stagnated, and consumer prices also stayed relatively flat, we had huge inflation in the valuations of instruments of ownership. We were inflating the top and deflating the bottom. If he kills the inflation at the top, and restarts income growth at the bottom, maybe he'll be correcting a massive imbalance that lies at the root of the current paroxysm. Maybe it's all about GWB trying to pump up, you know, the Cheneys, long after the Cheneys had ceased to add real value -- while screwing over the people who were actually producing the goods, and eventually sales failed. So now, we turn that around and tax the wealthy and stop puffing up the balloon -- spend on the working class and get consumption going again. Get monetary reality realigned with actual physical reality.
Think about it and have your people get in touch with my people ... okay? Let's do lunch. Maybe not free lunch -- just lunch. Sure there's no free lunch. But because it's not free, that's no reason to not have lunch. Gazpacho, grilled cheese, a salad, a little something, that's all.
Everybody needs to stop using the phrase "class warfare" in this context. Warfare is organized mass violence and involves extensive killing and destruction. This is politics, a peaceful competition, defined by very strong rules, to set public policy. War is hell. Politics is not even purgatory, it's just the usual noises around here. Please use words more faithfully to their real meanings.
I carried an M-16 around for years as a soldier, but I never shot anyone with it, never had a reason to. I sort of approve of raising the taxes on rich Americans. But you could never pay me enough to shoot one of them, even though I know how. I don't even yell at them. Actually, if we are sensible about it -- and Obama is reasonable man -- this will help everyone out in the long run. Unlike war, which always has losers -- sometimes only has losers. So lighten up already.
I don't like hearing anyone whine -- not welfare moms, not even crime victims. Nobody is just a victim, and the person who can help you the best is always yourself. But I especially don't like hearing rich Americans whine. You're in the richest country in the world, in the richest era of all time, and you're one of the richest people in that country. If you can't be manage to be happy, at least quit whining.
But warfare? Christ. This isn't even a fist fight. Calm down.