November 02, 2010


I got an email from someone urging me to forward this to everyone on my list. It warns of the Debt Free America Act proposed by 2 democrats. Here's the meat of the email:

> I have gone into THOMAS (Library of Congress) and > printed out and read all 15 pages of this bill which > has been given the "Short Title"... of "Debt Free > America Act." It is the most socialistic thing I > have ever read. Just think, if you deposit > $5,000.00 into your checking account or savings > account the bank has to take out 1% or $50.00 of > that money and send it to Washington. Then, any > checks or cash you take out of your bank they will > deduct 1% from what is still in the bank and send it > to Washington. Total put in the Bank $5,000.00. > $100.00 of that you give to Washington. > > This bill, spells it out that everyone will pay the > Government 1% of their gross income.

If you have received this email or are concerned about what you've just read, I urge you to check out the Snopes link below for the truth. It isn't proposed by these two democrats, it wouldn't effect those earning under $125,000 and it isn't being snuck through or supported by Nancy Pelosi or Obama. It's proposed by one senator with no other sponsors and is stuck in committee with no danger of passing."


Even if this was about to pass, I'd really like to know why socialism is getting such a bad name. Under a more socialist-leaning system, we'd pay more taxes but would also have greater access to affordable education and health care. It works in Europe--why is this so revolutionary for the US? With half the population experiencing foreclosure and the other half unemployed because corporations get tax breaks to outsource our jobs, how can we say that capitalism is working for us?

Capitalism is all about increasing the bottom line for corporations, whether that means that we lose our jobs or eat unsafe foods because the precious corporations can't be hit with any regulations. And god forbid that we bug the corporations with any restrictions which would cut into our profit even if it means keeping out waters safe from oil spills or halting global warming which is well underway. Haven't we had enough of this recklessness?