Leave it to the blathering puppet of billionaires to confuse a protest against the wealth and job-destroying bank robbers of Wall Street with the wealth and job-creating genius Steve Jobs. People should be mad. Thanks to The Man on Wall Street, this country lost $17.5 trillion in wealth from 2008-9, more than the bottom 90 […]
D.W. Tiffee
Posted inNews
Putting people to work
The top 10 percent own 85 percent of all stocks, so the 15 percent capital gains tax benefits a large segment of wealthy taxpayers. It is just silly to argue that raising the capital gains tax back to Clintonera levels (up to 36 percent) is going to “lose much of the capital we need to […]
Posted inNews
Soak the rich
The Congressional Budget Office says the top 1 percent pay 27.6 percent of all federal taxes compared to the 35.6 percent of all national wealth they own (the bottom 90 percent owned just 25 percent). Billionaire Warren Buffet pointed out in an Aug. 14 New York Times op-ed that because investment income is taxed at […]
Posted inNews
Calling Rep. Lankford
The $1.5 trillion is for deficit reduction, not just spending. Lankford obviously prefers groveling on his knees before the tea party loons and signing demagogic anti-tax pledges, but the inescapable reality is that tax revenues are 6.2 percent of GDP below what they were in 2000 (the lowest level since the 1940s), with 47 percent […]
Posted inNews
It’s the tax cuts, stupid
Here’s their solution: “OCPA has recommended that the Regents for Higher Education’s budget be reduced $250 million” (“Countdown to the budget deal: Who’s irresponsible now?,” May 11). The “empirical evidence shows that state appropriations for higher education neither positively affect economic growth nor lead to a higher percentage of collegeeducated citizens. … In other words, […]
Posted inNews
‘No pain, no gain’
How considerate of Republicans to propose balancing the bloated federal deficit on the frail shoulders of seniors. From a April 5 Kaiser Family Foundation report: “According to the (Congressional Budget Office) analysis, the total cost of providing health care benefits (premium and other costs) to a typical 65-year-old in a private plan would be about […]
Posted inNews
Misrepresenting government spending
According to the Census Bureau, the national average for combined per capita state and local spending (2007) was $9,338, versus $7,519 for Oklahoma. We would have to spend an extra $6.82 billion to reach the national average, $890 million to equal Texas and $3.8 billion to match Colorado (that’s before the 15 percent cut of […]