Yes, Ms. Burns, Let’s Tax the Hell Out of the Rich!

The headline reads above an article from the leftist publication “In These Times”, published on February 8th, 2019, by Rebecca Burns, “Tax the Hell Out of the Rich, When They’re Alive and When They’re Dead.” Without saying, I was already on-board.

What the article outlines is a comparison of the three proposed ways that Sen. Elizabeth Warren, Rep. Alexandria Ocasio-Cortez, and Sen. Bernie Sanders want to create a fairer tax system for the 99%. Here’s the rundown:

First Warren’s plan

…(A) 1 percent tax on the wealthiest 0.1 percent, or those with assets of over $20 million. Warren’s proposal would tax fewer people—those with more than $50 million in assets, an estimated 75,000 families—but she would bump up the rate to 2 percent. Households with more than $1 billion in assets would get a 3 percent rate.


Where Warren’s proposal would probably be insufficient on its own is that it wouldn’t offer a particularly aggressive corrective to inequality over time. It would raise trillions for social programs, which is crucially important and would certainly have other beneficial political effects. But, as a result of the tax, the fabulously wealthy would be only slightly less fabulously so.

But right now, correcting the immense rate of economic inequality in American society is not going to fix itself with one tax plan. So, don’t get down, writer Rebecca Burns. That’s going to take something truly radical to happen (hint, hint).

Second, AOC’s plan as outlined in a “60 Minutes” interview,

“You look at our tax rates back in the ’60s and when you have a progressive tax rate system. Your tax rate, you know, let’s say, from zero to $75,000 may be ten percent or 15 percent, et cetera. But once you get to, like, the tippy tops—on your 10 millionth dollar—sometimes you see tax rates as high as 60 or 70 percent.”


By even the most optimistic estimates, this would bring in only a quarter of the revenues Warren’s plan would generate.

So, once again, it will not cure the economic inequality in our society as Warren’s will neither. Yet, it is a starting point and one that may be more palatable to everyday-progressives.

And lastly, the Sander’s plan,

Bernie Sanders’ plan involves restoring top marginal tax rates on inheritances to where they were in the 1970s: 77 percent for estates over $1 billion.

The plan would also decrease the threshold for the inheritance tax from $11.18 million to $3.5 million and impose a 45 percent rate on this lower (but still very rich by any normal standard) tier. Even with this new threshold, just 0.2 percent of Americans would ever pay an estate tax. Thus, in the style of Occupy, the plan is called “For the 99.8 Percent Act.”


Again, Sanders’ plan would probably raise less revenue than Warren’s: About $315 billion over a decade.

Then it continues,

But by taking aim at the ultra-rich as a class, it also singles out the kind of dynastic wealth that allows a few families to wreak havoc on our political system. Just three families with multi-generational wealth—the Waltons, the Kochs, and the Mars—have a combined fortune of $343 billion, more than 3.5 million times the median wealth of U.S. families. And they use that wealth to fund all manner of right-wing policies.

The Sanders plan makes the least revenue for the government and will not even come within seeing distance to the eradication of the exspanse of inequality in the United States. But it could be the most acceptable not only to progressives but even centrists if the argument is framed properly by Sanders.

What I am trying to do up above is, first and foremost, to educate everyone on the strides made by modern politicians (two of the three deeming themselves so-called “socialists”) towards income equality which would have been unimaginable 10 years ago. It’s almost amazing, when you really think about it.

Yet my main point comes out of the analysis of the Warren plan, namely, that her plan is the most effective regarding a shrinking of the income gap in this country, but it does not really even make a scratch. As Burns was writing above, “the fabulously wealthy would be only slightly less fabulously so.” That’s all. And this is the reason why we need real change in this nation. We need real radical leftists in power, not just democratic socialists, but real revolutionary thinkers. That is the only way to get any immediate help with the income gap in the U.S. and, later, around the world.

So, I am greatly impressed with the ITT article by Burns in that, first, it has a cool title and, secondly, she respects that even these so-called sweeping tax plans will not truly affect the disparity between the rich and the poor in this nation.

But it’s a start…now let us take advantage of it.

Strong Moves Needed During Transition to Socialism

In my previous post, I argued that a socialist system is the best form of government we can live under at this stage in history, and that we must smash the current so-called democratic system controlled by the rich.

What should the new revolutionary government look like?

The best strategy available to us at this point is to put into power what Lenin and Trotsky called a vanguard party. They will serve as a sort of transition government moving us from capitalism towards socialism. We must support these responsible leaders to take us through the ideological battle with those who will want to keep the old “democratic” system in place, namely, the rich and powerful.

But during this transition we may sacrifice some of our freedoms for a short period of time during the certain conflict with the powerful. Freedom of the press, freedom to demonstrate, and some other forms of free speech may be suppressed for a time because they are all controlled by the capitalist’s dominant ideology. This is what Trotsky put forth in his famous work Dictatorship vs. Democracy.

Yet, we must watch the vanguard leadership very closely.

The USSR tried this idea out, and it led to Communism’s greatest monster, Josef Stalin, into power. Stalin used the above suppressed rights to become an authoritarian leader who committed so many crimes against humanity they are too many to list here.

Take this warning seriously. The government of and for the people can be hi-jacked if we do not pay enough attention to what our leaders are doing in our name.

In conclusion, what the people need to do is smash the currently corrupt system and replace it with responsible leaders who can lead us through the war of ideas, and probably against a violent suppression by the 1%. And this will mean a crackdown on some of our most cherished freedoms, but they will be returned in time once the rich and powerful have their control over us destroyed. Yet we must keep our eyes on this transition party because a rising leader or group could use the loss of these freedoms to create an authoritarian governmentclaiming to be revolutionary.

This is an outline of what we need to do if we wish to make any successful revolutionary movements at this time.

Social Protest Lit.: Leo Tolstoy “Robbers and Governments”

index“Robbers and Governments” from Leo Tolstoy. This piece is an excerpt is from Book V called “Revolt.” This chapter pertains to “The struggle to abolish injustice; the battle cries of the new army which is gathering for the deliverance of humanity.”

The robber generally plundered the rich, the governments generally plunder the poor  and protest those rich who assist in their crimes. The robber doing his work risked his life, while the governments risk nothing, but base their whole activity on lies and deception. The robber did not compel anyone to join his band, the government generally enroll their soldiers by force….The robber did not intentionally vitiate people, but the governments, to accomplish their ends, vitiate whole generations from childhood to manhood with false religions and patriotic instruction.

Social Protest Lit.: Karl Marx “Address to President Lincoln”

indexTaken from the “Address to President Lincoln” drafted by Karl Marx from the International Workingmen’s Association. This piece of an essay is from Book V called “Revolt.” This chapter is summarized as to pertain to “The struggle to abolish injustice; the battle cries of the new army which is gathering for the deliverance of humanity.”

When an oligarchy of three hundred thousand slaveholders, for the first time in the annals of the world, dared to inscribe “Slavery” on the banner of armed revolt; when on the very spot where hardly a century ago the idea of one great democratic republic had first sprung up, whence the first declaration of the Rights of Man was issued, and the first impulse given to the European revolution of the eighteenth century, when on the very spot the counter-revolution cynically proclaimed property in man to be “the new corner-stone of the new edifice”- then the working classes of Europe understood at once that the slaveholders’ rebellion was to sound the tocsin for a general holy war of property against labor; and that for men of labor, with their hopes for the future, even the past conquests were at stake in that tremendous conflict on the other side of the Atlantic.