News Americas, NEW YORK, NY, Fri. Dec. 6, 2013: Here he goes again ….
Highlighting an issue he already has so many times before and once again that he will do absolutely nothing about. Obama is always in “campaign” mode selling us the same crap over and over again …
Isn’t it nice telling us about problems he will do nothing about but getting misplaced credit for complaining about them?
Is there a better example of …
“Howling at the Moon maybe?”
Definition …. chasing an unattainable dream, something that just isn’t there…. you can cry out or try as you may but ‘the moon’ or dream is so distant and out of reach that it does you no good.
Or better yet how The Financial Times put it Wednesday ….
“Mr. Obama renewed his call for a rise in the federal minimum wage, something that neither chamber in Congress is likely to support, but otherwise offered no new policy prescriptions to address a problem that he said affected many developed countries.”
Or how about this New York Times editorial Thursday …
On Wednesday, in one of his strongest economic speeches, President Obama pushed past all the distractions of his opponents and addressed the core of those fears. He will spend the rest of his presidency, he said, on “the defining challenge of our time:” reducing economic inequality and improving upward mobility.
“I am convinced that the decisions we make on these issues over the next few years,” he said, “Will determine whether or not our children will grow up in an America where opportunity is real.”
Yea, yea, yea, Obama, keep the empty rhetoric flowing.
How bad is it? More from The Times editorial …
“An American child born into the lowest 20 percent income level has a less than a 1-in-20 chance of making it to the top, as Mr. Obama pointed out. But one born in the top 20 percent has a 2-in-3 chance of staying there. And the top 10 percent now takes half of the national income, up from a third in 1979. That’s a level of inequality on par with Jamaica and Argentina, and such concentrated wealth leads to more frequent recessions, higher household debt and growing cynicism and despondency.”
Let’s give part of that an encore …
“a level of inequality on par with Jamaica and Argentina”
Then the editorial goes on to make my point about Obama …
“Mr. Obama did not reveal a sheaf of new ideas in his speech.”
The fact is Obama could have been a Change Master. Indeed, as I keep reminding you, he got elected in 2008 by convincing us he was a Change Master. Instead we got the Same Old Crap a standard issue Democratic Party President a Status Quo freak with a so called liberal tinge. Big Deal!
NOTHING Obama has done so far for 5 years and nothing he will do the next 3 is going to have any impact on inequality in America yet he insults us telling you that is the theme for the rest of his Presidency.
Let me give you a quick dose of that Reality.
By coincidence or design, this Obama speech coincided by the national protest at fast food outlets across America for a $15 an hour minimum wage. OK a $15 minimum hourly wage at McDonalds and Walmart, etc. It’s not going to end inequality in America but it would be a very tiny stride in the direction of fairness.
DOES OBAMA SUPPORT IT????
Of course not! His idea of a new minimum wage that won’t upset too many of his big business buddies is all of $10. WOW. Sure that will end inequality.
What else is Obama proposing to END inequality in America??
As both the Financial Times and New York Times reported: NOTHING!
So allow me to offer President Obama some proposals…..
1) END all Federal income tax for personal income below $100,000.
2) Make ALL income tax above $100,000 progressive.
3) STOP referencing payroll tax as not income tax it is income tax!
4) MEANS test Social Security and Medicare. If you are wealthy you don’t get either any year your total income exceeds $100,000 no matter your age.
5) END different tax rates for different kinds of income it isi all income.
6) Institute a 1% national sales tax for all purchases over $1000.
7) END all federal tax deductions. ALL of them.
8) Institute an inheritance tax of 50% for all estates above $100 MILLION.
9) NO federal income tax for business income less than $100,000, and progressive tax rates above $100,000.
10) END all federal business tax loopholes.
This is a way to END the outrageous income inequality in America. Not Obama’s BS.
Let’s STOP the transfer of wealth to the wealthiest Americans.
About The Writer: Arthur Piccolo is a professional writer and commentator and often writes about Latin America for New Americas.