But even as I dream of being rich, I've begun to realize there's a kind of wealth we can't even imagine, the kind that has caused revolutions across the globe throughout history. I'm also beginning to see that this kind of wealth isn't rare - like we're led to believe, and it isn't foreign; isn't 'somewhere else' - it's right here, and it's all over the place. Which is why I'm now REALLY having a hard time accepting the Republicans refusal to allow the Bush tax cuts for those making $250,000 and above to end - in spite of the fact that it's been proven that giving the rich these kind of breaks does NOT bring jobs or create jobs.
So, tax cuts for the rich don't create jobs. But let's take a look at what they can accomplish. Oh, and this next part isn't meant to engender any dislike of the rich (remember, I want to be rich), but it is designed to show the disparity that exists between the middle class and even the 'average' rich; to illustrate that anyone who can do what is seen in this video is probably NOT paying their fair share of taxes, okay? And again, I'm all for working hard, making it big, saving big, but at the same time, paying my fair share. You earn it, you enjoy it, but you don't hide it, you don't get loopholes that keep a portion of it from the government, okay? So let's look at what the tax cuts can do:
BTW? This family lives just six miles from me. Six miles. It's not in some exotic location or well-known wealthy city or country, it's not a celebrity or athlete - it's just a family who lives in San Juan Capistrano, a city where 64% are white and 60% are Hispanic (don't you love cities and their info? Gosh, they have a population breakdown that equals over 100%!!!) It's also interesting that during the Bush years, the median household income of SJC rose from $62,000 to $88,000 but that the estimated per capita income remained approximately the same: $40,000 (which is $10,000 under the average).
Funny, I still remember Fox News being unable to decide from one news day to another whether $50,000 was rich or poor because when they reported the average income of teachers as being $50,000, it was almost decadently rich, but when reporting on the average Tea Party citizen, it was, "How do they make it on only $50,000 a year?!?!?!?"
The amazing thing about this whole 'tax breaks create jobs' thing makes no sense when you look at our history. For instance, the unemployment rate from 1997 to 2001 was, on average, 4.5%. Already very low, meaning plenty of jobs and plenty of workers. Then, in 2001, the tax cuts went into effect and from 2001 through 2008, unemployment started rising (with the exception of the housing boom in 2006/2007)! In 2002, it jumped from 4.7% to 5.8, then in 2003, to 6%. From then on, we stayed in the mid-to-upper 5% until, miraculously, we put a Democrat into office and WHAM, the unemployment rate jumped from 5.8% to 9%!
So did Obama do some secret 'black' thing to cause this? Put the whammy on businesses? I mean, do we really believe ONE man caused such a jump? Or could it be that constant drip of water (read: tax breaks), year after year, eroded more and more jobs as more and more workers got better wages and benefits, so businesses sent their work outside of the US? Could it be that it coincides with this country's end of manufacturing? Besides, Obama had his chance to stop the tax breaks for those making over $250,000, to close tax loopholes, didn't he? But instead, he compromised (I'll trade you the tax breaks if you guys will extend unemployment benefits - yes, Obama was naive) and let them remain, but hey, those tax breaks create jobs, remember? So who needs to extend unemployment? Right? RIGHT?
Except...why hasn't it? According to the Republican Party, giving the rich these breaks creates jobs, so unemployment should be well on its way back down to 4% again, right? RIGHT?
Alas, the employment statistics remain the same as when Obama took office:
The Labor force (those who had jobs, are qualified for work, etc) :153,500 average,
The Work force (those actually with jobs): 138,500 average
The unemployed: 14,000 average.
Now you need to connect the dots, okay?
Oh, and if you want to see the rest of the "Million Dollar Rooms", just check this out and you may feel jealous, but I bet you'll also get a bit sick....
Tags: million dollar rooms