Because we don’t tax a handful of extremely wealthy people and corporations and offer them all kinds of distasteful deductions, we have a big deficit. Via Daily Kos Labor:
We are the 99 percent. We are getting kicked out of our homes. We are forced to choose between groceries and rent. We are denied quality medical care. We are suffering from environmental pollution. We are working long hours for little pay and no rights, if we’re working at all. We are getting nothing while the other 1 percent is getting everything. We are the 99 percent.
We middle-class taxpayers bailed out the super wealthy CEOs and mega-corporations when the malfeasance of a few almost cost the rest of us everything. We ponied up hundreds of billions to stablize a global portfolio of toxic assets and provided trillion dollar lines of credit at no interest. Thanks to our colletive credit, our generosity, our future tax receipts that tiny minority got to keep their mansions and investment income, fat exceutive bonuses and sweet government subsidies, and their lavish vacation homes. It’s way, way past time for that goodwill to be recognized and for everyone to pay their fair share.
This idea polls at 70% to 80%, across party lines, it’s as popular as a basketful of bipartisan kittens. Anger over the bailouts is what originally fueled parts of the Teaparty, before they were deftly folded into the religious right’s dreamworld and turned into cheerleaders for the rich by shady operators. It’s what’s behind the growing Wall Street protests today.
Any politician who does not agree with that is a bought and paid for whore. Any politician who successfully harnesses that resentment will balance the budget, inspire voters, and could well cruise to victory in 2012.