Representatives of the 1% will be distributing a leaflet in Olympia making the case for their priorities for the State Legislature. Check it out:
We are the 1%:
Our numbers are small. Our power is great. Help keep it that way.
Slash health care, protect our gushing profits.
Health care is a losing battle and a bad investment — no matter how much money you throw at the problem, people eventually die anyway. And yet the state has for years spent precious resources on wasteful programs that provide care for children, for the elderly, even for working families whose employers don’t provide them coverage.
We can all agree that frittering away state dollars on health care is less important than making sure big oil companies don’t have to pay too much of the externalized health and environmental costs they create. Unfortunately, some discreditable sorts in Olympia are trying to change this equation by raising taxes on “hazardous substances” like oil in order to fund key state programs. But any increase in oil taxes would impact the many members of the 1% who hold oil stock and depend on state tax policy and US foreign policy to support their endless windfall profits. Besides: if legislators won’t work to protect the gushing profits of the 1%, who will they work for?
Cut public education, not corporate jets.
Servants are expensive — especially because many are educated enough to know of their right to get paid minimum wage. That’s why we’re so glad to see the state spending less on public education, and why we strongly oppose proposals to raise revenue to reduce these cuts. (Our kids go to boarding schools anyway.)
Some in the 99% want you to close the loophole for private planes and other similar tax preferences to show what your priorities are. But if that happens, we could very well end up living in a state where corporate jet sales are nearly as depressed as the wages of the 99%. Just like some people have to share an apartment when they lose their housing, some CEOs might have to share a lease on a single jet. Who wants to live in a state where the burdens are shared like that?
Invest in big banks, not our state’s future.
Big banks are a great home for part of a well-managed investment portfolio. After all, government policy creates a lot of opportunity for investors to make big profits, and almost no chance of ever taking a loss. (If thing get ugly, the taxpayers always take care of things for us.) It’s policy choices like this that help the rich stay rich and the poor stay poor.
Now some extremists are suggesting we explore closing a loophole that lets banks avoid hundreds of millions in taxes. They would apparently rather see these resources invested in the future of the state by improving our roads & transit, building affordable housing, and upgrading schools. We say no way: money should stay where it belongs — in the hands of bankers. Besides: Chase Bank may have laid off 3400 workers in Washington State, but don’t you realize how many private security jobs they create in order to protect their CEO as he travels the country fighting banking regulations and taxes?