Where else would you get your leftist bearings every week?
Volume III, Number 17: 28 June 2003 (Posted 9 July 2003. Next issue expected in a week or so.)
For news and brief rants on a more quotidian basis, check out our brand new weblog at K-Marx.com.
Tim's second child, Leah, was born on 23 May. She's growing like a weed and taking up lots of his time. The next issue will be in one week or so, not in five.
Has something in America's chemistry changed? Do George W. Bush and his administration represent our wants and aspirations? Do we not care that our president lies, cheats, and steals as long as he bullies the rest of the world and the weakest amongst us at home?
I hope not.
George W. Bush does not dream my dreams. Bush has chosen to ensure that America's material prosperity, indeed the prosperity of the world, is something to be hoarded, not shared. Bush's tax cut plan is more than a windfall for the rich; it is a cynical strategy to force cuts in the most basic of social services.
A majority of Americans support President Bush. That support is faith-based, not fact-based. If you believe that there is a supreme being in the heavens who created the universe and is keeping tabs on all of our deeds, I guess belief in Bush is not so far-fetched. For those of us with our feet and minds planted in reality, having faith in Bush is just plain dumb.
[Click on a title to read a particular article.]
Is that Ken Starr playing governor of Massachusetts? No, it's Mitt Romney.
Pardon me for confusing the latest Republican moral crusader with the infamous Mr. Starr. Governor Romney is pursuing University of Massachusetts President Bill Bulger with the same zeal that Starr pursued United States President Bill Clinton. In both cases, a Republican has unsuccessfully tried to oust from office a highly competent public servant because the individual in question lacks, in the mindset of that Republican, the moral authority to hold public office. Behind the stated motives are the clear objectives to take down successful Democrats who have thwarted Republican political agendas. The zeal of the pursuits is surpassed only by the personal and political destruction left in their wakes. At least Mitt was elected to the position from which he conducts his witch-hunt.
The rich are different than you and me: they get the government to do their bidding. The latest tax cut proposals in the United States House and Senate demonstrate just how different they are. In the face of rising unemployment, a stagnant economy, and fiscal crises in dozens of states, the Republican Party has devised tax cut plans that show its true colors. The centerpieces of its plans will do next to nothing to help the economy, but will amply reward the investor class, Americans who live off their investments, to the detriment of anyone who has to work for a living. Radical tax cuts on dividend income are well nigh useless for their stated purposes, boosting the economy or creating jobs, but they serve the real purposes of the Republican party very well.
[Click on a title to read a particular article.]
Over two hundred articles from previous weeks reside in our archives. If you're not careful, you might learn something.
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In 2000, the 400 taxpayers with the highest adjusted gross incomes reported over 1 percent of all income reported to the IRS that year. Their average tax rate was 22.3 percent. If the Bush tax cuts of 2002 and 2003 had been in effect, their tax rate would have declined to 17.5 percent, with an average savings of $8.3 million. These taxpayers are the biggest beneficiaries of these tax cuts. To make the top 400 in 2000, a taxpayer needed taxable income of $86.8 million.
Sources:
New York Times, 26 June 2003;
IRS report,
June 2003.
Last Enron update: 18 December 2002.