[lbo-talk] Gallup on bailout

Lenin's Tomb leninstombblog at googlemail.com
Wed Oct 8 11:54:15 PDT 2008


On Wed, Oct 8, 2008 at 7:05 PM, Doug Henwood <dhenwood at panix.com> wrote:


>
> On Oct 8, 2008, at 1:50 PM, Lenin's Tomb wrote:
>
> This isn't coming from today's federal budget. It is going to be paid for
>> by increased taxation, mostly on the working class. They call it
>> 'tightening your belt'.
>>
>
> Doesn't have to be. Even Bill Clinton raised taxes on the top 1%.

And on everyone else. Who pays will depend partially on the state of class relations, of course. But my view is that it would have been better to win this now than have to fight the battle at considerable disadvantage at a future date.



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