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Tuesday, December 20, 2011

Per Capita Debt · The National Debt Crisis

I know I’m not the sharpest knife in the drawer, so please indulge me as I think out loud.

Per Capita Debt · The National Debt Crisis

The above-captioned calculation puts my part of the National Debt at about $105k/household, (or $39k/individual.)

There are those in Washington DC who want corporations to be individuals with First Amendment Rights, so that they can buy elections with nearly unlimited contributions to PACs.  (This isn’t my point, but real people are limited to $117k/biennium in total federal election contributions.)

Ironically, those same people in Washington DC DON’T want to waste corporations’ money paying taxes.  Instead, they want you and I to pay the whole thing down ourselves.  THAT WAY, small businesses can use their tax breaks to create underpaying jobs with little or no benefits to hire us to pay the taxes they don’t want.

These same people then tell us that making the super-rich pay their fair share in taxes is little more than class warfare, depriving small businesses of the investments of the super-rich. AND SO, protecting a system that favors the upper-classes at the expense of the poor and what’s left of the middle-class does NOT constitute class warfare.

What am I missing?