"If the Estate Tax were to be repealed completely, the estimated savings to just one family -- the Walton family, the heirs to the Wal-Mart fortune -- would be about $32.7 billion dollars over the next ten years.
The proposed reductions to Medicaid over the same time frame? $28 billion."
Breathtaking stuff. Taibbi can be very good indeed, sometimes.
- See also:
MOUNTAIN VIEWS: EISENHOWER'S WORST NIGHTMARE NOW HARSH REALITY FOR AMERICANS
By John Hanchette
[...]
Don't believe me? Consider this mind-twisting equation from a well-researched article in the current issue of "Vanity Fair" magazine: Private federal contractors now "absorb the taxes paid by everyone in America with incomes under $100,000."
Viewed a bit differently, "more than 90 percent of all taxpayers might as well remit everything they owe directly ... to some contractor rather than to the IRS."
"So you privatize as much as you can and give outfits like SAIC [Science Applications International Corporation] a blank check from the US treasury. Then you send your cronies to these companies that are doing what the government used to do, where they 'earn' $10 million a year. They are grateful. They sponsor big fundraisers and donate billions to think tanks that change the truth for you. They hire the next batch of cronies you send over. You need to fill key government jobs where individuals decide how the government's money will be spent. You pick more of these cronies from private sector companies.
"If the Estate Tax were to be repealed completely, the estimated savings to just one family -- the Walton family, the heirs to the Wal-Mart fortune -- would be about $32.7 billion dollars over the next ten years.
ReplyDeleteThe proposed reductions to Medicaid over the same time frame? $28 billion."
Breathtaking stuff. Taibbi can be very good indeed, sometimes.
- See also:
MOUNTAIN VIEWS: EISENHOWER'S WORST NIGHTMARE NOW HARSH REALITY FOR AMERICANS
By John Hanchette
[...]
Don't believe me? Consider this mind-twisting equation from a well-researched article in the current issue of "Vanity Fair" magazine: Private federal contractors now "absorb the taxes paid by everyone in America with incomes under $100,000."
Viewed a bit differently, "more than 90 percent of all taxpayers might as well remit everything they owe directly ... to some contractor rather than to the IRS."
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x264338
- A poster called 'Lasher' comments:
"So you privatize as much as you can and give outfits like SAIC [Science Applications International Corporation] a blank check from the US treasury. Then you send your cronies to these companies that are doing what the government used to do, where they 'earn' $10 million a year. They are grateful. They sponsor big fundraisers and donate billions to think tanks that change the truth for you. They hire the next batch of cronies you send over. You need to fill key government jobs where individuals decide how the government's money will be spent. You pick more of these cronies from private sector companies.
It's a win-win."