Sunday, December 18, 2011

The problem with the #Iamthe53 movement

Lately, it seems like if you typed in a economically-based hashtag on Twitter, you are bound to see some troll(s) and stinky-poo tweets out and about.

One such hashtag that is full of stinky-poo tweets is the #Iamthe53 tag.

It is a known fact that only 53 percent of Americans pay a federal income tax and nearly 47 percent does not.  What most of the people who use the #Iamthe53 hashtag do not tell you is how it came to be, and it is simply because the truth would slow this growing extreme right wing movement.

Here is a snapshot of why 47 percent of Americans do not pay a federal income tax.

1.  Middle class wages have gone down for 22 of the last 30 years, and have not increased once without a federally-mandated increase in the minimum wage.  That is NOT a misprint, folks. The middle class wages have not gone up a single year since Reagan's class warfare policies too effect in 1981; and with the Bush/Obama tax cuts for the rich not scheduled to expire until January 1, 2013, don't expect to see an increase in middle class wages for at least another 54 weeks.  As a result of continued decline in wages, many of the 47% who don't pay federal income taxes make too little on their present-day jobs to pay it (unemployment is at 8.8%, so there has to be a reason why nearly 38% of those with jobs are not paying federal taxes).
2.  Said tax cuts primarily went to the wealthiest 1%, many of whom did not create a single job with the tax cuts.
3.  Union-busting laws also contributed to wage declines for middle class people.

And there are more reasons why 47% do not pay anything back to Uncle Sam. But, those are the main three reasons. Hopefully, the Obama administration will propose economic policies that will change this dramatically. Because from what I have seen from those aiming to replace him in the White House, they will only make our economic woes worse, not better.

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