Since President Obama’s statement of the need for tax increases on the wealthy in order to help counter the deficit, the Republican Party has scrambled to push the false idea that the mere thought of such a proposal is class warfare, and that the majority of Americans are against such an idea. Yet, if truth is told, such an action would merely be a step in the removal of the affluent class’ 30-year long class warfare already being waged against poor, middle-class, and working-class Americans.
Of course liberal America supports a tax system which takes the Nation back to a time when the rich in America paid their fair share. However, despite the GOP’s misinformed statements to the contrary, poll after poll has shown that when it comes to tax increases on those in the upper income bracket, moderates also overwhelmingly support such an idea. The percentage of moderates who support an increase in taxes on the wealthy according to four respectively separate polls is 65% (New York Times), 74% (CNN), 80% (Marist/McClatchy), and 80% (Washington Post). The Rachel Maddow Show on Tuesday discussed this in detail, as well as the consequences to any in the GOP who even hint at any potential for compromise.
This segment from the show can be viewed at the left of the page.
Even when Republican Americans were asked as to whether taxes should be increased on the wealthy, it was hardy a slam-dunk against the raising of taxes. In the latest Gallup Poll which was released Wednesday, 53% of Republicans polled stated that they were in favor of “Increasing taxes on some corporations by eliminating certain tax deductions,” and 41% stated that they would favor “Increasing income taxes on individuals earning at least $200,000 and families earning at least $250,000.”
Since the 1980’s under President Reagan, the wealthy have gained more and more of a stranglehold on poor, middle class, and working class America through the use of “trickle down economics” as well as through its very close cousin: “supply side economics.” Corporate incomes and executive compensation have gone through the roof while the wages of the rest of America have struggled to merely keep up with inflation. Add to this the greater influence of corporations and the wealthy on government operations while at the same time the diminishment of the voice of organized labor as well as the ever decreasing influence of the individual non-affluent citizen’s vote, and the result leads us to where we are: a sluggish economy where companies would rather make money in stock speculation and corporate downsizing rather than in increasing its own value with the building tangible assets and the strengthening its workforce.
Yet the Republican leadership has shown time and time again that it has no wish to help solve the Nation’s short-term and long-term problems in rational ways which a vast majority of Americans desire. Instead, the GOP would rather line its pockets with campaign contributions while its corporate masters and wealthy donors amass unfathomable wealth and at the same time feed upon the very little which the vast majority of America has remaining.
As long as this class warfare from the GOP and the wealthy continues, the economy will never recover; it cannot, as capitalism cannot function if the majority of wealth does not flow through all levels of society. Economic inequalities seize the gears of capitalism.