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Tuesday, April 14, 2015

GOP To Repeal Estate Tax, Losing $269 Billion In Tax Revenues. Who'll Pay The Difference?

Alan: Out of desperation -- and hoping to be "bailed out" by the only people with money --
most of the oppressed become their own worst oppressors.
The wealthy say "bend over"
and the poor supply them with K-Y.
This mechanism is a variant of Nietzsche's admonition:
"When fighting a monster, be very careful you don't become one."

Compendium Of Best Pax Posts: Plutocracy, Economic Inequality & Collapse Of Conservatism

Congressional Republicans will vote to repeal the estate tax almost entirely. "Under the latest plan, backed by farmers and business groups, estates would pay no taxes. Furthermore, heirs wouldn’t owe any capital gains taxes on the increased value of assets over the deceased’s life. That move -- simpler and more generous than previous repeal efforts -- would let billions of dollars in income and assets escape all U.S. taxes. The plan would cost the U.S. government $269 billion in lost revenue over a decade." Richard Rubin for Bloomberg.

"Plutocracy Triumphant"
Cartoon Compendium

"Politics And Economics: The 101 Courses You Wish You Had"

Pope Francis: Quotations On Finance, Economics, Capitalism And Inequality

Teddy Roosevelt: "Malefactors Of Great Wealth... 
Are Curses To The Country"

What's Wrong With Conservatives? Seriously. What's Wrong With Them?






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