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During the Regan years, corporations paid nearly 30% of the total taxes in this country, today they barely pay 6%. In fact, when Regan saw a GE tax return early in his presidency, he was disgusted and started making corporate tax changes, and he wasn't exactly a socialist.
I've said this before, the wealthy in this country can control the debate and that's why the debate was first on keeping taxes low and now on spending cuts. Because if we don't make massive cuts in spending, eventually the wealthy will have to pay their fare share of taxes, and they don't want to.
Basically, the ultra wealthy sucked out all the value in this country. The banks robbed everyone of the equity in their homes, when the banks collapsed it sucked the value out of everyone's 401K plan yet the banks were all repaid within a week via tax dollars. They shipped everyone's job overseas and got a tax break in the process for doing so. And now they don't want to pay a dime in taxes. Yet idiots still fall for the old tricks of blaming immigrants or union workers, or teachers, or whoever else the ultra wealthy blame to keep the spotlight off of themselves.
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