Yes, but the argument that "The Rich" don't pay their fair share is equally bogus. The Top 10 Percent of Income Earners Paid 71 Percent of Federal Income Tax
So how do we protect our "industrial base"? Seems like cutting taxes is a good way to do it. Do you have any other suggestions?
You missed the point. College grads are finding jobs. It is High School grads that are facing fewer and fewer good-paying jobs. Prove it. Louisiana is an oil and gas state and even when times were good in the oil patch, they didn't employ all that many people. Louisiana has been very friendly to oil companies, too friendly probably, and it still hasn;t created many jobs. Anyway what were were talking about was factory jobs and an industrial base requiring large numbers of high-school blue collar workers. Those jobs are not coming back and you haven't made a case against this. Name them. That's the republican political line, but it doesn't hold water, nor change the fact that it is cheap overseas labor that prevents US factories from competing.
While this statement, word for word, is roughly accurate, it is deliberately misleading. The problem with this myth is that it assumes income is even distributed across earners. Instead, the reality is that the top one tenth of one percent of Americans earned as much as the entire bottom 50% of Americans. Let me repeat that: 300,000 Americans earn as much as 150 million Americans. And those numbers are based on only what the IRS can actually capture, which it admits is about 70% of income from investments. So when you hear the top 10% pay a large chunk of income returns, remember that that is actually a low compared to the actual income disparities. LINK
If you look at European countries that have protected their industrial bases, it involves protectionist policies that restrict what multi-national corporations can do with vital national resources. The Big Corporations are against this, of course, and they lobby the Congress that protectionism is anti-capitalist. And that is true enough. But nations, in a tightly competitive international race for economic success must find a balance point between limitless capitalism by foreign commerce, versus damage to critical national infrastructures and strategic resources.
Everything you are saying here is wrong, and I have posted the CBO numbers to prove it at least 4 times. Here they are again Share of income Note the tio 1% earn 18.8 percent of all income. Share of tax liability. Note the top 1% pay 39.1 percent of the individual income taxes. By what measure is this unfair to anyone but them?
