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Reporter and author Thomas Ricks has long been what he would describe as a "detached centrist." He's also a big fan of the free market and a strong national defense, and he's financially comfortable as he approaches the age of 60. Conventional wisdom might suggest that he should be "drifting into a cautious conservatism" right about now, but Hicks writes in Politico Magazine that he is as surprised as anyone to find himself shifting to the left instead. Among his reasons:
Military:
Intelligence:
Income inequality:
Read more: www.politico.com/magazine/story/2014/07/...1.html#ixzz38ohGK2zlDuring the time I was a newspaper reporter, I didn’t participate in elections, because I didn’t want to vote for, or against, the people I covered. Mentally, I was a detached centrist. Today I remain oriented to the free market and in favor of a strong national defense, so I have hardly become a radical socialist.
But since leaving newspapers, I have again and again found myself shifting to the left in major areas such as foreign policy and domestic economic policy. I wonder whether others of my generation are similarly pausing, poking up their heads from their workplaces and wondering just what happened to this country over the last 15 years, and what do to about it.
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Personally, that scares the sh** outta me. Political affiliation means nothing because money has become the uniting factor for them all. Greed leads to corruption which leads to government collapse eventually if that path is continued along. Or am I worrying too much?Corporate and Wall Street Republicans fear Tea Partiers more than they do certain Democrats. The current battle over the fate of the Ex-Import Bank is just the latest example. Last month, during the Republican primary for Virginia's 7th Congressional District that resulted in the ouster of House Majority Leader Eric Cantor, victorious Tea Partier David Brat repeatedly charged that Cantor “does not represent the citizens of the 7th district, but rather large corporations seeking insider deals, crony bailouts, and constant supply of low-wage workers.”
Meanwhile, dozens of major GOP donors, Wall Street Republicans, and corporate lobbyists have said if Jeb Bush decides against running and Chris Christie doesn’t recover politically, they’ll support Hillary Clinton. “The darkest secret in the big money world of the Republican coastal elite,” says the inside-the-beltway rag Politico, “is that the most palatable alternative to a nominee such as Senator Ted Cruz of Texas or Senator Rand Paul of Kentucky would be Clinton.”
Does this encourage or alarm you?
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ScienceChic wrote: Renegade, maybe I'm being idealistic, but I see a huge difference between everyday people who are liberals vs liberal politicians. Most everyday liberals I know believe in a balanced budget and hate how much our government has overstepped its boundaries into our personal privacy and freedoms. We don't want more useless legislation or bigger government, we just want it to work efficiently, provide for its citizens, and create fair and equitable economic opportunity for all - not an opportunistic environment for those with money and power to tip things in their favor. As you've pointed out, both Democrats and Republicans are only in it for themselves and the policies that have been passed that hurt us have been passed by both parties. As one example of something that liberals have consistently supported that helps us is our investment in science and research. We stand the power we are today due to beating everyone else in scientific breakthroughs and economic growth based on new technology, and we're losing ground there due to budget cuts that Republicans have pushed for. I get that we need to cut spending in addition to raising taxes (because that's how I fix debt in my own household), but it needs to be done smartly. It's past time for new blood in office.
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I don't know where this fallacy came from, or how to get people to stop repeating it, but the reality is that those who are making the most are paying more today than they did historically in addition to earning more.ScienceChic wrote: The tax code does need to be made simpler with loopholes removed. I don't know what percentage is fair, but I do know that those who make the most are paying a lot less than they have historically and I do believe they should pay more.
True enough, the top marginal income-tax rate in the 1950s was much higher than today's top rate of 35%—but the share of income paid by the wealthiest Americans has essentially remained flat since then.
In 1958, the top 3% of taxpayers earned 14.7% of all adjusted gross income and paid 29.2% of all federal income taxes. In 2010, the top 3% earned 27.2% of adjusted gross income and their share of all federal taxes rose proportionally, to 51%.
So if the top marginal tax rate has fallen to 35% from 91%, how in the world has the tax burden on the wealthy remained roughly the same? Two factors are responsible. Lower- and middle-income workers now bear a significantly lighter burden than in the past. And the confiscatory top marginal rates of the 1950s were essentially symbolic—very few actually paid them. In reality the vast majority of top earners faced lower effective rates than they do today.
online.wsj.com/news/articles/SB100014241...04578151601554982808
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