o'stephanie

o'stephanie
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Oregon, USA
Birthday
December 01
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Happy to be here among friends.

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NOVEMBER 24, 2010 11:43AM

Save the Middle Class: SIGN PETITION (Update)

Rate: 12 Flag

PEW: Middle Class Blues 

                         PEW Report: Middle Class Blues: 79% of all Americans feel it is "more difficult" for Middle Class people.  

The Bush tax cuts for the wealthy have not produced jobs over the time they have been in place. The wealthy are sitting on that money. It is a lie that leaving these tax cuts in place will produce jobs. It will only produce more income "despairity" while Americans become a source of cheap labor. Corporations no longer need an American Middle Class because they have foreign markets.

 PEW: Middle Class Blues

      PEW Report: Middle Class Blues: Top trend line is "Present better than past" Bottom trend line is "Past better than present".

Bill Gate's father has been backing a return to a fair tax framework since these unfair tax cuts were instituted because he wants to take the country back to a time when we had a healthy Middle Class. He and these other responsible corporate folks are truly patriotic to the American people.

Here is the letter on the website Patriotic Millionaires for Fiscal Strength:

We are writing to urge you to stand firm against those who would put politics ahead of their country.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

We have done very well over the last several years. Now, during our nation's moment of need, we are eager to do our fair share. We don't need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.

Sincerely,

This letter is signed by 45 individuals who have made $1,000,000 in an America which is under siege by greedy transnational corporations.

Sign the Fiscal Strength petition and support these patriotic and old fashioned Captains of Industry who are committed to preserving a viable American Middle Class.

Graph courtesy of  the 2008 PEW report on the Middle Class:

Inside the Middle Class: Bad Times Hit the Good Life By Pew Social Trends Staff

UPDATE: Heron pointed out that she was not a mllionaire and, upon reflection, I realized I wasn't one either. I emailed the Fiscal Strength folks and got back this answer:

Thanks for your email and support! Of course you can sign the petition, the more the merrier! Just fill out the form that's on the website. Feel free to contact me with any questions, and thanks again!

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Comments

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Sounds good! I will definately sign up!!
Thank you, Mission. (Sometimes I love all caps...)

l'heure bleue,
So love your gorgeous avatars and self.

RW,
Knew I could count on your radical self!!!

I apologize for the poor quality of the charts. They are in the PEW report which is worth clicking the link to see.
You betcha..
and happy thanksgiving
Thank you, Linda!
Nice of you to stop by. I imagine you are cooking just like me!

Getting spam now from my central google ad. Do NOT appreciate that.
Hey Steph,
I just went to the website to sign the petition until I read "We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more."

Obviously that isn't me! But yeah to the folks who do qualify - they are inspiring to all. Thanks for bringing this to our attention.
You knw, Heron, I never thought about that. However, I think that signing in support of them is cool.

Tell you what, I do not qualify either s I will email these folks and see what gives.

(Changed the title which I never do...)
good idea to check it out. I didn't want to "taint" someone's worthy cause by signing when I didn't qualify...it might give someone cause to throw out the whole thing - hey? anyway, let me find out what you know b/c I'd love to sign if I'm allowed. Either way, I'm glad to know about this! I might direct my wealthy auntie in NY toward this petition. This is right up her ally.
Heron,
I am so glad that you pointed this out!

I got back an answer and have updated the post.

Turns out that you ain't taintin' nothin' by signin':

I emailed the Fiscal Strength folks and got back this answer:

"Thanks for your email and support! Of course you can sign the petition, the more the merrier! Just fill out the form that's on the website. Feel free to contact me with any questions, and thanks again!"
You bet my friend. Even with my millions, I feel they should take at least half. Of course, I'll still be rich, so let them Tax, Tax, Tax!
Scanner,
I knew there was something extra special about you!
Good looking and a sugar daddy as well!
Signed, sealed and delivered.
Supposedly Warren Buffet started a billionaire version initially, but it's not being made public as to who signed and who refused to. He sent it to the whole Forbes list, I heard!
Well, I aspire to the middle class but I don't make enough money even though I have a Master's degree. So much for education being the way to upward mobility. Thanks for writing this.
Boomer,!
I thank you!

Blue
My goodness, how cool about Buffett. This petition anyone can sign. The 45 who first signed it are the money folks. I think Buffett's could be very cool.

Janice,
Like you I have a master's that I cannot use. They are still telling folks that so you see all these ads to "change your life"! Yeah, get a student debt.
Wonder how many million-dollar earners signed the counter-petition . . .
Wonder how many million-dollar earners signed the counter-petition . . .
Your article is right on the money, so to speak. I wish others would try and see things from this perspective. I will post this article to my FB account. Very well done.