|GOP is Benefactor of the Rich|
Republican tax-related policies have hollowed out the middle-class transferring trillions of dollars of wealth from the middle-class and poor to the already wealthy, a fact that has belatedly begun to dawn upon the American public and supplies juice to the Occupy Wall Street movement. The results of our 30-year experiment with trickle-down economics are in. Fail. As Dickinson points out trickle-down turned out to be gusher-up.
The table illustrates the Republicans' ideas of what programs should be on the deficit reduction table and which subsidies for the rich should be exempt. Compare corresponding entries in the two columns. Decide for yourself which is more important, cutting the National Institutes of Health budget or keeping unlimited itemized deductions for top-bracket taxpayers, eliminating energy grants that help poor families afford heat or continuing subsidies for oil and gas companies. Note that you would have to not just cut, but zero-out the entire budgets of the agencies and programs to roughly match the direct loss of revenues due to the corresponding tax breaks and subsidies for corporations and the rich.
To be sure the Republican tax war on the non-rich has paid off handsomely for the super-rich and their pandering political lackeys. Panderbear prays the advent of OWS, informed by the historical fact of wealth redistribution upward and accelerating income divergence, signals the beginning of the end for party of the rich economic policies that unfairly tilt the playing field in favor of the rich and are killing the American Dream.