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KimCooper



Joined: 08 Oct 2005
Posts: 247
Location: Northern California

PostPosted: Sat Feb 17, 2007 8:08 am    Post subject: "Walton Welfare" Reply with quote

The new tax cut proposal that would save the Walton family 32 billion dollars and you and me not one red cent. Walton Welfare. Pass it on.



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tcanfield



Joined: 08 Oct 2005
Posts: 76

PostPosted: Sat Feb 17, 2007 3:08 pm    Post subject: Walton Welfare Reply with quote

Do you have an article describing this tax cut? Shouldn't it be "Wal-Mart Welfare?" I doubt the Walton family will get the entire 32 billion. It will be likely spread amongst the executives of the firm who spend their time thinking of ways to cheat the workers out of overtime.
The thought comes to me that if socialism wanted to take over America, the fastest way would be to nationalize Wal-Mart. Their workers are already on food stamps and state health care programs. A socialist program might give them a pay raise, and a union as well. Of course, all of the other companies would not be able to compete with a socialist Wal-Mart, and would have to sell out to the new order.
I wonder why Karl Marx didn't think about that?


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KimCooper



Joined: 08 Oct 2005
Posts: 247
Location: Northern California

PostPosted: Sun Feb 18, 2007 1:02 am    Post subject: Reply with quote

No, it's the people who are getting the tax breaks. I also thought, in the sense of framing, that it seemed more obscene to have the people getting that much more than the rest of us -- but maybe it's just me. Here's a connection to, essentially, the thing I heard on the radio that made me post here:
http://www.ibrattleboro.com/article.php/20070216132127862

Here's the first part of the article. The rest of it is Senator Sanders' full remarks, which is rather long, so if you want to read them, go to the URL above.


Senator Sanders Says Tax Breaks to Super Rich are Immoral
Friday, February 16 2007 @ 01:21 PM EST
Contributed by: cgrotke Senator Sanders made some interestng remarks to the Senate regarding Bush's desire to repeal the estate tax, naming names of some super rich families and saying that "... the wealthiest 13,000 families in America own nearly as much income as the bottom 20 million and the wealthiest one percent own more wealth than the bottom 90 percent."

He said "Mr. President, let me very blunt. In my view, it is wrong and it is immoral to give huge tax breaks to millionaires and billionaires, the people who need them the least, while cutting back on the needs of the middle-class and working families of our country."

Want one example? Bush wants to cut the estate tax for his friends. Sanders says that if it were repealed, the Walton family - heirs to all the money customers give Walmart - "...would receive an estimated tax break of $32.7 billion. Meanwhile, the President's budget proposes to cut Medicaid by $28 billion over the next decade, driving up the cost of healthcare for tens of millions of Americans. In other words, one family gets a huge tax break, while tens of millions of healthcare consumers suffer."

It isn't just the Walton family. The heirs to Mars candy, Cox cable, the Nordstroms, the Ernest Gallo family, and Exxon Mobil's Lee Raymond are all mentioned by name, showing what their estate tax cuts would mean for them, and the equivalent of what the rest of the country loses.



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--John Maynard Keynes
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