Thursday, January 5, 2012

Vote Rationally -- Follow the money!

© 2012 Stephen Kent Stephenson, sks23@cornell.edu. All rights reserved.

Compromise is not possible in the U.S. Government anymore. All U.S. political parties view their positions as "right" and all others as "wrong", there is no middle ground -- no possibility of compromise.

Events in 2011 demonstrate that the only way the two Houses of Congress and the President can get anything substantial accomplished is if all three are controlled by the same political party.

But which party?

Recent reports show that in the U.S.A. the disparity between the rich and poor is widening, and sucking the middle class down an economic spiral toward poverty. E.g., Census Bureau says “deep poverty” hit the highest level on record, Widening Gap Between Rich and Poor, Americans Underestimate U.S. Wealth Inequality, and 22 Statistics Prove Middle Class Being Wiped Out.

The Republican Party supports policies and legislation that increase the wealth of the rich at the expense of the poor and middle class. The Republicans claim that the wealthy create jobs and need lower taxes as incentives; but that's not true. And "the Republican mantra about high marginal tax rates killing the economy is, well, a bunch of crap". To balance the budget the Republicans want to reduce their taxes and cut spending on entitlement programs like medicare and social security, forcing the poor and middle class to pay more for health care and retirement -- if they can afford them at all. But billionaire Nick Hanauer says, "Raise Taxes on Rich to Reward True Job Creators" and "We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich."

The Democratic Party supports policies and legislation that bolsters the middle class at the expense of the rich. E.g., in addition to some modest cuts to entitlement programs, the Democrats want to increase the tax rates of the rich to levels more in keeping with history (tax rates on the rich are at an all time low).

Other parties are too small and ineffectual to have any major direct impact. Voting for them is essentially NOT VOTING because they have no chance of controlling both houses and the presidency.

So if you're rich, you should vote straight Republican.

But if you're part of the struggling poor or middle class, you should vote straight Democrat.

ABOVE ALL, YOU SHOULD NOT ABSTAIN (NOT VOTE) BECAUSE THAT'S EFFECTIVELY A VOTE FOR THE OTHER PARTY.

The choice is logical and easily made.

There are vastly more poor and middle class people who can vote than rich people who can vote (at least 4 to 1, as "top 20 percent have 85 percent of the wealth"). So if the Republicans win control of the U.S.Government in the 2012 elections, the non-rich have no one to blame but themselves for their subsequent economic decline into serfdom.