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Get right with God

Lucinda:

The ‘S’ word

David Swanson talks about John Nichols’ new book on the history of socialism in America,go read the rest:

On Friday on the floor of the U.S. House of Representatives, congress members spoke in defense of Medicare, Social Security, the Environmental Protection Agency, and other programs that by almost anyone’s definition are socialist, programs that were denounced as socialist by opponents of their passage in decades past, programs that would not have been created without the efforts of socialists and the Socialist Party.

The debate screeched to a halt, however, because an opponent of the Congressional Progressive Caucus’s “People’s Budget” then under discussion suggested that its supporters might be socialists. Congressman Keith Ellison, co-chair of that caucus, protested the vicious accusation and demanded that the words of his accuser be transcribed for the record (and possible legal action?). The Republican congress member guilty of the horrible slander announced that he was retracting it. Rep. Raul Grijalva, the other co-chair of the Progressive Caucus, thanked him sincerely for the retraction. Although polls show socialism to be far more popular than Congress, neither Ellison nor Grijalva insisted on being cleared of the label “congress member.”

“Socialism,” remarked Frank Zeidler, former socialist mayor of Milwaukee, “believes that people working together for a common good can produce a greater benefit, both for society and for the individual, than can a society in which everyone is shrewdly seeking their own self-interest.” Missing from Washington, D.C., is not just a single individual who would hurl the term “capitalist” with the strength to have a retraction demanded. Missing also is any sense of working for a cooperative society based on the above truth — a truth apparent to any child who has neither read Ayn Rand nor viewed cable news, but a truth that sounds insane in our nation’s capital.

Waterloo sunset

Kinks:

The rich get richer

I’m going to make a wild guess that most of you don’t fall into this category:

WASHINGTON – As millions of procrastinators scramble to meet Monday’s tax filing deadline, ponder this: The super rich pay a lot less taxes than they did a couple of decades ago, and nearly half of U.S. households pay no income taxes at all.

The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those returns in 2007, the latest year for IRS data, was nearly $345 million. Their average federal income tax rate was 17 percent, down from 26 percent in 1992.
Over the same period, the average federal income tax rate for all taxpayers declined to 9.3 percent from 9.9 percent.

The top income tax rate is 35 percent, so how can people who make so much pay so little in taxes? The nation’s tax laws are packed with breaks for people at every income level. There are breaks for having children, paying a mortgage, going to college, and even for paying other taxes. Plus, the top rate on capital gains is only 15 percent.

There are so many breaks that 45 percent of U.S. households will pay no federal income tax for 2010, according to estimates by the Tax Policy Center, a Washington think tank.

“It’s the fact that we are using the tax code both to collect revenue, which is its primary purpose, and to deliver these spending benefits that we run into the situation where so many people are paying no taxes,” said Roberton Williams, a senior fellow at the center, which generated the estimate of people who pay no income taxes.

Someone like you

Adele:

This time tomorrow

The Kinks:

Do what you want, be who you are

Hall & Oates:

Big red sun blues

Lucinda:

Flood warning

Until 4 a.m. Sunday. This thunderstorm has lasted a couple of hours already.

Rainbow Pie

Go read the introduction to Joe Bageant’s book.

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