Monday, March 28, 2011

Tax cuts Tax cuts by Ted Rudow III, MA Monday Mar 28th, 2011 As many as 500,000 protesters marched in London on Saturday to protest Britain’s deepest cuts to public spending since World War II. The protests come after U.K. officials estimated corporate taxes would be reduced even as it tackles a $235 billion deficit and plans to cut more than 300,000 public sector jobs. Meanwhile, in the United States protesters gathered in 40 cities on Saturday to oppose tax cuts for the wealthy amid budget cuts to public services. When you’re rich and lose money on a leveraged investment, you are a victim of the bad economy and deserved to be bailed out. When you’re poor and lose money on a risky investment, you’re a financially incompetent yahoo who chases get rich quick schemes. A classist quote: Alan Simpson, co-chair of the President’s deficit reduction commission, said that people who rely on Social Security are “lesser people,” according to The cleverest form of dictatorship: They tell you you're free when you're really a slave without even a slave's security!--Like in the U.S. Only a country that is rich and safe can afford to be a democracy, for democracy is the most expensive and nefarious kind of government ever heard of on Earth! Ted Rudow III, MA

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