84% Of White Working Class Americans Side With Obama On Taxing The Rich

Nov 08 2011 Published by under Uncategorized

According to a new Wall Street Journal poll, 84% of white working class Americans agree with this statement,

“The current economic structure of the country is out of balance and favors a very small proportion of the rich over the rest of the country. America needs to reduce the power of major banks and corporations and demand greater accountability and transparency. The government should not provide financial aid to corporations and should not provide tax breaks to the rich.”

62% of those are Republicans and even 53% of Tea Party supporters agree with that statement. This is not a good indicator for the current crop of GOP candidates and elected officials who trumpet the notion of tax breaks for the 1%.

Consider the poll by the Washington Post, which about 50% of American believes the GOP is purposefully sabotaging the economy in order to make President Obama look bad and this could be disastrous for the GOP in the 2012 election. President Obama and the Democrats need to stay on message though.

The fact that the GOP killed the $60 billion infrastructure bill, that is fully paid for, just to “protect” the jobs creators is absurd. This bill will not add to the debt, it is fully paid for by taxing those who make one million dollars or more. This tax is only 0.7% on every dollar over one million. But the GOP says raising taxes on the “job creators” will increase outsourcing, right?

The GOP and conservatives have told us this lie over and over that they reason American factories close and we no longer have a manufacturing base is due to the EPA and taxes. But in a recent Reuters report China is about to lose 30% of their factories by the middle of 2012. The reason is “wage inflation”. The capitalists on Wall Street see that the Chinese workers are eating into their profit margin and dividend checks.

So rather than being happy and content with a $5,000 dollar dividend check every month, and the company making, for example, $5 million a month, they want more and if that means outsourcing from China, to another low wage country, so be it. It is a bottomless pit of greed and the only people allowed to make a living anymore are the Wall Street investors and banksters.

The conservatives have used the excuse of tax breaks for the wealthy for 30 years in order to create jobs, when the investor class doesn’t care about taxes; they just want to exploit labor, which is the highest cost to a company.

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