One Percenters Enjoy Unprecedented Protection

by: David Sirota  |  Coloradaoan.com

Rich Have Highest Wealth, Lowest Taxes Since 1929
(Artwork: Image Zoo)

    Here's a truism: The wealthiest 1 percent have never had it so good.

    According to government figures, 1 percenters' share of America's total income is the highest it's been since 1929, and their tax rates are the lowest they've faced in two decades. Through bonuses, many 1 percenters will profit from the $23 trillion in bailout largesse the Treasury Department now says could be headed to financial firms. And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations.

    But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1 percenters have bought for themselves on the most pressing issues.

    To review: With 22,000 Americans dying each year because they lack health insurance, Congress is considering universal health-care legislation financed by a surcharge on income above $280,000 - that is, a levy almost exclusively on 1 percenters. This surtax would graze just 5 percent of small businesses and would recoup only part of the $700 billion the 1 percenters received from the Bush tax cuts. In fact, it is so miniscule, those making $1 million annually would pay just $9,000 more in taxes every year - or nine-tenths of 1 percent of their 12-month haul.

    Nonetheless, the 1 percenters have deployed an army to destroy the initiative.

    The foot soldiers are the Land Rover Liberals. These Democratic lawmakers secure their lefty labels by wearing pink-ribbon lapel pins and supporting good causes like abortion rights. However, being affluent and/or from affluent districts, they routinely drive their luxury cars over middle-class economic interests. Hence, this week's letter from Boulder's dot-com tycoon Rep. Jared Polis, D, and other Land Rover Liberals calling for the surtax's death.

    Echoing that demand are the Corrupt Cowboys - those like Sen. Max Baucus, D-Mont., who come from the heartland's culturally conservative and economically impoverished locales. These cavalrymen in both parties quietly build insurmountable campaign war chests as the biggest corporate fundraisers in Congress. At the same time, they publicly preen as jes' folks, make twangy references to "voters back home" and now promise to kill the health-care surtax because they say that's what their communities want.

    That fantastical fairly tale, of course, couldn't exist without the Millionaire Media - the elite journalists and opinionmongers who represent corporate media conglomerates and/or are themselves extremely wealthy. Ignoring all the data about inequality, they legitimize the assertions of the 1 percenters' first two battalions, while actually claiming America's fat cats are unfairly persecuted.

    Most brazenly, NBC's Meredith Vieira asks President Barack Obama why the surtax is intent on "punishing the rich"?

    For his part, Obama has responded with characteristic coolness - and a powerful counter-strike. "No, it's not punishing the rich," he said. "If I can afford to do a little bit more so that a whole bunch of families out there have a little more security, when I already have security, that's part of being a community."

    If any volley can thwart this latest attack of the 1 percenters, it is that simple idea.

    --------

    David Sirota is the bestselling author of the books "Hostile Takeover" (2006) and "The Uprising" (2008). Find his blog at OpenLeft.com or e-mail him at ds@davidsirota.com.

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Sadly, the only community

Sadly, the only community the rich see themselves part of is a separatist, entitled community, in the same way Leona Helmsley saw the rules as applying to the "little people", not individuals of her monetary stature. Greed, not morality, not integrity, not ethics, dominates our political process with both Democrats and Republicans having been bought out by lobbyists. Until it impacts them directly, there is no incentive for them to seek what appears to be altruistic change. And the talking heads???? We'd all be better off to just turn off that stupid tube altogether.


If the 1% wealthiest people

If the 1% wealthiest people are truly patriotic, they would do a good deed for America and help us get better health care. I have family that are only slightly above middle class and they have told me they are willing to pay more taxes for better government services.


To understand what the top

To understand what the top 1% looks like see the graph at www.lcurve.org. When we cut taxes, think of this graph and ask yourself whose taxes are being cut and whose services are being cut.


Everything I learned about

Everything I learned about some rich people and how they feel about the sick I learned from Leona Helmsly sp? when she evicted my stage IV cancer patient and her teenage daughter from Helmsly's apartment building in Manhattan in 1985. We are closer to 1933 than most people think we are. We need more generous subsidies for low and middle income families who seek health insurance and healthcare in this new reform bill, HR 3200.


Listening to the "health

Listening to the "health care debate" down here amongst the average people the theme I keep hearing from those who are, for the moment, comfortable with their jobs and health insurance is "I don't care about those without health care so long as I'm all right." And the sad thing is that this attitude is more prevalent among those who are regular church attenders.


It is a sad day in America

It is a sad day in America that we've turned into Amerika: some sort of latter day Feudal state in which mostly European-descended (and I am one myself) wealthy people rule over the working classes of this country. We have become what many of the Founding Fathers did not want: a state in which there exists an aristocracy, a nobility if you will, not unlike the old countries of Europe. Europeans got hip enough to rid themselves of landed gentries, aristocracies of blue bloods, ended up with state-sponsored health care, strong labor unions, and countries which ironically have more equivalency in terms of classes than this country does now!. Here in Amer'ka post Reagan, we've developed into a country of haves, have mores, and the rest: have nots!




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