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Originally Posted by classhandicapper
It's easy to compromise when the middle ground is halfway between where we already are and where you want to go.
Let's say you want to raise taxes from 35% to 40%. A compromise is 37.5%. That should make you happy.
The problem with that logic is that it's NOT a compromise. Conservatives want taxes to be lowered from 35% to 30%. So 35% is already a compromise. If conservatives compromise to 37.5% they have lost ground. Not only that, but they can be 100% certain you will back in a few years asking for 45% and settling for a compromise of 40%.
Conservatives want the power to come to you and say we want tax rates of 30%, but we'll compromise to 32.5% if you also slow the growth of the spending to sustainable levels.
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a 40% tax rate on the rich is half of what it was when this country was enjoy its big boom, 1950s. Any further cuts would be a major victory for the conservatives and probably bad for the country as a whole. Economy of this country is not in trouble because the rich have too little money. Even the big corporations admit that they are not developing new products because the rest of the population does not have enough money to pay for them. So they are doing things like buying back their own stock with their cash on hand. Most of that buy back money goes right back into the hands of the top 1% create an even greater unbalance. Taxes laws which are written by the rich for the rich many of whom favor very short term forms of investment.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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