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Tax breaks for the rich do create jobs--in China, Malaysia, Macau, India and Vietnam. Our country is looking like a banana republic. A banana republic is a country like Guatemala was in the 1950s, controlled by United Fruit Company, with a president running the country that favored United Fruit, and that squelched any uprisings against low wages and poor working conditions. A t-shirt made in China costs the company 95 cents, and it is resold for $18; and a pair of Nike shoes made in China costs $6 to make, but is resold here for $90.
Fact is, if Americans can't pay $18 for the t-shirt, the company will lower the price to $12--but they won't pay extra for an American to make the shirt here.
Tax breaks for the wealthy are an idea useful to the banana Republicans, but have no place in Democratic party policies. They do not create jobs, prosperity, or reduce the deficit, as evidenced by our current predicament.
There is a village in China where the industry is worker-owned; everyone therehas a car, a really nice house and at least $250,000 US dollars in the bank, that is pause for thought. Do we really need the wealthy to feed off of us? Even in a worker-owned bakery in San Francisco, the Alvarado Bakery, the bakers there make at least $60,000 a year.....
Let's return to the greatest generations tax rates on the wealthy. They are not the job creators, they are the outsourcers.
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