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Hortensis

(58,785 posts)
70. And sadly yours, Doctor J. You might investigate,
Wed Feb 17, 2016, 07:17 AM
Feb 2016

understanding that the major media typically belong to giant business conglomerates mostly controlled by a relatively few families, most of whom oppose election of Democrats for protection of their fortunes.

In other words, I recommend turning off Fox and CBS, etc., and deepening exposure through reputable written media.

Please note that "reputable" rules out all right-wing sources that specialize in trying to keep Democrats from voting by feeding them endless, demoralizing lies about their own side. "Obama's term has been damaging to billionaires? Woosh goes your credibility." Exactly. You won't learn it from them.

I decided I should provide a jumpoff for encouragement so went and grabbed this quickly. Paul Krugman speaks only of tax hikes that wiped out 40 years of tax cuts for the very wealthy here, but Obama did a few other things too.

But the truth is that Obama’s election in 2008 and re-election in 2012 had some real, quantifiable consequences. Which brings me to those IRS tables.

For one of the important consequences of the 2012 election was that Obama was able to go through with a significant rise in taxes on high incomes. ... If Mitt Romney had won, we can be sure that Republicans would have found a way to prevent these tax hikes. And we can now see what happened because he didn’t.

According to the new tables, the average income tax rate for 99 percent of Americans barely changed from 2012 to 2013, but the tax rate for the top 1 percent rose by more than four percentage points. The tax rise was even bigger for very high incomes: 6.5 percentage points for the top 0.01 percent. ...

the available numbers are consistent with Congressional Budget Office projections of the effects of the 2013 tax increases — projections which said that the effective federal tax rate on the 1 percent would rise roughly back to its pre-Reagan level. No, really: for top incomes, Obama has effectively rolled back not just the Bush tax cuts but Ronald Reagan’s as well.

The point, of course, was not to punish the rich but to raise money for progressive priorities, and while the 2013 tax hike wasn’t gigantic, it was significant. Those higher rates on the 1 percent correspond to about $70 billion a year in revenue. This happens to be in the same ballpark as both food stamps and budget office estimates of this year’s net outlays on Obamacare. So we’re not talking about something trivial.


http://www.montereyherald.com/article/NF/20160104/LOCAL1/160109942

Btw, doesn't it strike anyone as strange that we don't all know perfectly well that the Democratic president we elected in 2008 and 2012 wiped out 40 years of tax cuts for the very wealthy, against the intense opposition of everything the other side could throw against him? How could we not know?

Go, Democrats!

Ain't free market capitalism great? Wounded Bear Feb 2016 #1
Just so you know......... mrmpa Feb 2016 #2
FWIW, BOTH Democratic candidates intend to FIX this. Hortensis Feb 2016 #22
... AzDar Feb 2016 #40
There is more bad news on the horizon. NWProf Feb 2016 #46
Nonsense to the last. I really don't think any of us Hortensis Feb 2016 #51
Obama's term has been damaging to billionaires? Doctor_J Feb 2016 #64
And sadly yours, Doctor J. You might investigate, Hortensis Feb 2016 #70
Hillary has done her work. Thanks. riversedge Feb 2016 #53
Yes, she's an impressive alternative to the GOP idiots. :) Hortensis Feb 2016 #71
Nope. Both say they will fix it. Only one actually intends to follow through kristopher Feb 2016 #65
^^^this!^^^ peacebird Feb 2016 #5
Free market capitalism? Really? Plappergeist Feb 2016 #12
crapitalism. we are to be milked for maximum profit. ferrari's ain't cheap. + yachts. pansypoo53219 Feb 2016 #17
Post Office. nt clarice Feb 2016 #39
K&R abelenkpe Feb 2016 #3
We deal with similar problems EmperorHasNoClothes Feb 2016 #4
My hubby was in germany last week, business, had a heart prob & was admitted to cardiac iCU peacebird Feb 2016 #6
We know what it will take, a switch to a system used by real first world counties Dragonfli Feb 2016 #13
Huge +1! Enthusiast Feb 2016 #47
Thank you for being your mother's advocate. No Vested Interest Feb 2016 #7
So true. Laffy Kat Feb 2016 #78
I've had similar go-rounds with UPMC insurance. femmocrat Feb 2016 #8
Could you supply me the name of the manufactures? MagickMuffin Feb 2016 #9
The original manufacturer was........ mrmpa Feb 2016 #45
Right, but at least the government isn't getting between your mom and her doctor! Brickbat Feb 2016 #10
Wait, the government is *exactly* getting between the mom and her doctor Recursion Feb 2016 #84
That nightmare is why I refuse to enroll in Medicare Part D. Vinca Feb 2016 #11
You only need to see at most a year into the future, SheilaT Feb 2016 #27
penalty? really? LittleGirl Feb 2016 #43
Part D late enrollment penalty Sentath Feb 2016 #54
very nice of you to provide the link LittleGirl Feb 2016 #55
People REALLY need to be aware of that penalty. SheilaT Feb 2016 #57
ugh LittleGirl Feb 2016 #69
I have to pay the damn penalty. It's about $22 a month. Dont call me Shirley Feb 2016 #82
I am sorry to hear that. SheilaT Feb 2016 #85
Thank the Repukes... WhiteTara Feb 2016 #60
absolutely! eom LittleGirl Feb 2016 #68
Vinca, is that $35 per week I hope? Hortensis Feb 2016 #30
It's $35 a year. Vinca Feb 2016 #34
30% negoldie Feb 2016 #37
That's awful. I've just accepted the fact that we don't live forever. Vinca Feb 2016 #41
Interesting passiveporcupine Feb 2016 #36
Sorry for all your trouble Faux pas Feb 2016 #14
Wow... Bohemianwriter Feb 2016 #15
Way to take care of your mom... panader0 Feb 2016 #16
Man, am I glad I'm not on any regular meds. blackspade Feb 2016 #18
The only answer to this is Single-Payer Healthcare with the government setting price controls on Dont call me Shirley Feb 2016 #19
Huge +1! Enthusiast Feb 2016 #48
Ummm... that's exactly what the OP's mother has, isn't it? Recursion Feb 2016 #75
Part D drugs are not price controlled and many drugs are not covered at all under apart D. Dont call me Shirley Feb 2016 #83
Americans pay through the nose for medicine. Bad Dog Feb 2016 #20
Mine is similar but with Astra Zenica bkkyosemite Feb 2016 #21
You have every right to be cynical.... daleanime Feb 2016 #23
The problem is that many are elderly and are not sure bkkyosemite Feb 2016 #79
Holy cow. What a horrible experience. blue neen Feb 2016 #24
No cost for Pace............. mrmpa Feb 2016 #32
You can use coupons because I did at Walmart and I'm on D. bkkyosemite Feb 2016 #80
There are definitely some drug company coupons you can't use if you're on Medicare Part D. blue neen Feb 2016 #81
Before they closed the medicare part D loophole I once had to pay $1400 for a prescription for my 87 kimbutgar Feb 2016 #25
I admire you because I know what this is like. KentuckyWoman Feb 2016 #26
Good lord. You are a saint and a peace maker. 7wo7rees Feb 2016 #28
You're not cynical, only realistic. Duppers Feb 2016 #29
Yes, everyone needs an advocate! peace13 Feb 2016 #31
Sadly, it's not unusual Tab Feb 2016 #33
Just two questions: Act_of_Reparation Feb 2016 #35
From everything I have learned, the only 2 drugs available are......... mrmpa Feb 2016 #44
Oh, I forgot to say Tab Feb 2016 #38
i have to take antivirals for what would be severe-moderate ME redruddyred Feb 2016 #42
Yes... malokvale77 Feb 2016 #49
Thank you, mrmpa, for writing this up! Peace Patriot Feb 2016 #50
Predatory Capitalism sucks! B Calm Feb 2016 #52
This looks interesting Sentath Feb 2016 #56
That's the sight I went to and .......... mrmpa Feb 2016 #58
If you aren't cynical by the age of 59 Flying Squirrel Feb 2016 #59
NBC news just had a feature on a company phylny Feb 2016 #61
You nailed it in one sentence, and not just about drug prices, the insurance system in general. MH1 Feb 2016 #62
Medical ins cos are ticks. They are parasitic disease vectors. Yo_Mama Feb 2016 #86
The insurance and drug companies now have a foothold in the government Doctor_J Feb 2016 #63
between this kind of BS and the "war on drugs" painkiller hysteria, it's impossible for people to TheFrenchRazor Feb 2016 #66
thank you for calling out the painkiller hysteria nashville_brook Feb 2016 #72
Forced to buy "insurance" from a predatory organization awoke_in_2003 Feb 2016 #67
She has Medicare and Pacenet Recursion Feb 2016 #77
time to nationalize it dembotoz Feb 2016 #73
Rec Wednesdays Feb 2016 #74
And this is the system we want to extend to the whole country (nt) Recursion Feb 2016 #76
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