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by talos
Matt Taibbi has yet another excellent piece over at Rolling Stone magazine, this time about proposed new Bush tax cuts and what they mean for the average US taxpayer - as well as about the utter indifference shown by the corporate media to a story with great "shock value" - because it's the wrong value.
The story is brilliantly written and worth your while anyway, but the way it illustrates the economic facts (as given to MT by the folks over at rep. Bernie Sanders' office, the socialist congressman from Vermont) is impressive and should be emulated. And so should its tone, because what is being presented is the sort of information that in the not-so-distant-past made peasants and craftsmen grab bats, pitchforks and torches - and march menacingly towards the palace...:
If the Estate Tax were to be repealed completely, the estimated savings to just one family -- the Walton family, the heirs to the Wal-Mart fortune -- would be about $32.7 billion dollars over the next ten years. I have a feeling that over at this side of the Atlantic the sort of massive subsidies to the super-rich that characterize the fiscal policies of the Bushites, have yet to materialize (if I'm not mistaken - and I might be - they're unprecedented in the US as well). Yet as we have noted in this Great European Tribune of Ours, we're headed that way - and fast it seems - and the relative quiet of our own "big media" regarding, say, the massive lobbying that's taking place in Brussels and its direct effects is already noticable. |
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Illustrating the economy | 11 comments (11 topical, 0 editorial, 0 hidden)
Illustrating the economy | 11 comments (11 topical, 0 editorial, 0 hidden)
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