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phantom power

(25,966 posts)
Thu Oct 29, 2015, 02:17 PM Oct 2015

Marco Rubio wants no taxes at all on investment income. None. Zero. [View all]

The economics they are pushing do only one thing well: shove more of the country's wealth upwards. History tells us this. The candidates don't tell all of us this, but they tell their donors this very thing when they think nobody's listening—or covertly taping their remarks. Right, Mitt? The contempt for ordinary workers, the suckers who vote for them because of scary Muslims or Jeebus or both, is manifested most clearly when they talk to their primary constituencies within the country's oligarchy. Sometimes, though, the truth slips out. Marco Rubio wants no taxes at all on investment income. None. Zero. Zippola. Bupkis. And he quoted JFK to support his position in the clumsiest example of the chronic supply-sider tic of enlisting Kennedy as a premature Lafferite I think I've ever seen. As I usually say in such circumstances, when we get the top marginal rate back up to 65 percent, which is the level to which Kennedy's tax cut reduced it, then we can start to talk about the rest of it. I think it's significant to note that, when Rubio tossed this turkey from the helicopter last spring, even supply-side fanatic Steve Moore thought it was at best incoherent nonsense, albeit because it also includes a head-fake toward middle-class tax relief that Moore believes leaves the plan open to reneging on its glorious promises to the yacht-owning classes.

http://www.esquire.com/news-politics/politics/news/a39277/republican-party-plutocratic-economics/
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