Gordon Clay
January 17, 2013
Title: Whose working for the working man?

Gordon Clay here. Who's working for the working man? Not the House Majority (Republicans). They're the ones who are really behind the "redistribution of wealth" plot which has lead to income inequity at historical extremes. And they've been getting away with it for YEARS.

Let's look at the Bush temporary tax relief (though Republicans define "temporary" as "permanent"). The top 1% didn't use it to provide jobs and led to the slowest economic and job growth in decades. Instead of hiring workers much of it was either stockpiled in cash reserves, used to pay larger dividends, financed large lobbying efforts, or used to buy expensive items generally produced by workers outside the U.S.

We're still trying to make up for the cost of both of Bush's unfunded wars (1.4 trillion dollars) which was only half the size of his temporary tax relief which amounted to a cost of over 2.8 trillion dollars.

The House Majority continues to work almost exclusively for the already rich, most of whom don't really work. You see, those in that tax bracket pay 39% in income tax. If they have enough to invest and garner capital gains, the gain only costs them 20%. It ends up costing them almost twice that to actually work for a living.

Then, 3 years ago, along comes the Republican dominated Supreme Count that said that corporations are people with more rights and less responsibility than human people have. Well, the next two years will definitely tell us who's working for the working man and who's working for those "other" people.