Every so often I find an article that I want to share with the whole world. This is definitely one of those articles.
I’ll offer up some of the most compelling statements here, but it’s worth the time to go read the full article.
A Voice From the 1% – Published by Gaius on Daily Kos, 10/21/11
Here is a secret about rich people: we wouldn’t have noticed a 3.5% tax increase. That is not only because there isn’t a material difference between having $1 million and $965,000, which is obvious, but also because most of us don’t actually know how much money we are going to make in a given year.
I was not amazed but disgusted when John Boehner and his crew tried to justify the extremity of their position by rebranding the wealthy as “job creators.” While true in a very basic sense, it obscures the fact that jobs are a cost that is voluntarily incurred only as a result of demand. Hiring has no correlation at all to profits or to income – none. Let me keep more of my money without increasing customer demand and I will do just that – keep it.
Gaius goes on to explain the spending patterns of the 1% and why this spending does not create middle class jobs. There is also a discussion on the strange Tea Party 53% Movement thing that RWNJ* came up with to try to capture some of the energy feeding into the 99% movement. I am not familiar with the “We are the
laughable 53%” so I googled. Google autosearch kicked in and I had a page full of “We are the World,” “We are the 99%,” and “We are the Youth” before I ever found the 53% Tumbler. Just an extra layer of pwnage.
Check out Gaius’ article here
*Right Wing Nut Jobs