It's time to re-normalize taxes on the morbidly rich (and leave them where they are on working class people) so we can again have a growing economy and a prosperous middle class.

In New York the Republican candidate for governor, Rep. Lee Zeldin, says he'll end the income tax altogether, along with killing off the estate tax and cutting back on Medicaid for the working poor. In South Carolina Republican Governor Henry McMaster wants to cut state income taxes on rich people, while Iowa's Republican Governor Kim Reynolds wants to cut taxes on rich people while raising them on working people with a flat tax similar to Parsons' proposal.

Meanwhile, the UK's new Prime Minister, Liz Truss, just eliminated altogether Britain's top (45%) income tax bracket, meaning that Britain's morbidly rich will only have to pay taxes at the rate usually enjoyed by the merely-well-off.

Read more at HartmannReport.com.

-Thom

Wednesday's Daily Stack

Article: "GOP Exploits Americans' Confusion About Taxes" by Thom Hartmann.

Book: The Principles of Political Economy and Taxation by David Ricardo.

Article: "The Economic Consequences of Major Tax Cuts for the Rich" by David Hope, Julian Limberg.

Article: "Gov. Henry McMaster, S.C. House Leadership Propose Income Tax Cut" by Gov. Henry McMaster.

Article: "Governor Reynolds Proposes 4% Flat Income Tax" by ITR.

Article: "Nick Hanauer" by Millionaires for Humanity.

Article: "Roll Back the Reagan Tax Cuts" by Thom Hartmann.

Tweet: "The problem isn't that the UK budget was inflationary, its that it was moronic. And a small open economy that seems to be run by morons gets a wider risk premium on its assets - currency down, yields up" by Dario Perkins.

Article: "Wage Stagnation in Nine Charts" by Lawrence Mishel, Elise Gould, and Josh Bivens.

Article: "Zeldin takes aim at Medicaid, extensive tax cuts if elected governor" by FL1 News.

Article: "‘It's extraordinary': Liz Truss's low-tax gamble has yet to convince Tory MPs" by Michael Savage.

Article: "Hurricane Ian's latest path: Florida landfall forecast for Wednesday afternoon" by Julia Jacobo, Teddy Grant, Kevin Shalvey, and Emily Shapiro.

Article: "Jan. 6 committee postpones hearing because of Hurricane Ian" by Katherine Faulders and Alexandra Hutzler.

Article: "Supreme Court will hear NC case with 2024 presidential election implications" by Will Doran. (Moore v. Harper)

Case: "Moore v. Harper".

Article: "How a Michigan design firm is building safer schools in the wake of mass shootings" by Jay Plyburn.

Article: "Staff who talk about abortion at University of Idaho can be terminated, face up to 5 years in jail" by Aysha Qamar.

Article: "Texas AG Ken Paxton flees during attempt to serve subpoena before key abortion hearing" by Edward McKinley, Taylor Goldenstein.

Article: "Judge rules Texas attorney general does not have to appear at hearing on abortion lawsuit" by Star Member BumRushDaShow.

Article: "In 2019, Doug Mastriano said women who violated proposed abortion ban should be charged with murder" by Allan Smith.

Article: "Just how racist is the MAGA movement? This survey measures it." by Jennifer Rubin.

Article: "Tucker Carlson Suggests Joe Biden Blew Up the Nord Stream Pipeline: ‘Did the Biden Administration Really Do This?’" by Michael Luciano.

Article: "The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure" by Nick Hanauer And David M. Rolf.

Article: "With "The Murdochs: Empire of Influence," CNN gives us a family drama that rivals "Succession"" by Melanie McFarland.

Article: "Gas From Russia's Nord Stream 2 Pipeline Leaks Into Baltic Sea" by Thomas Escritt and Stine Jacobsen.

Article: "Russian ships of the Baltic Fleet conduct air defence exercise" by Joshua Manning.

Article: "Fox News’s Tucker Carlson speaks at Hells Angels president’s funeral" by Martin Pengelly.

Article: "Guatemala" by Wikipedia.

Article: "International sanctions during the Venezuelan crisis" by Wikipedia.

Article: "Agencies Across Government Are Sending Help as Hurricane Ian Slams Florida " by Eric Katz.

Article: "$2.2 Trillion CARES Act Provides A Lifeline To Small Businesses" (signed March 27, 2020) by Rohit Arora.

Article: "Illegal Immigrants Sue DeSantis for Flying Them to Martha's Vineyard" by Diana Glebova.

Hour Two: Liz Truss' Tax Cuts & Why It's Harming the UK?
- Economist Dr. Richard Wolff, Co-founder, Democracy At Work / Author of numerous books - his latest is The Sickness is the System (now also available as an e-book) & Host - Economic Update with Richard D. Wolff on Free Speech TV

Article: "Liz Truss's government just axed the top income tax rate for highest earners" by Press Association.

Article: "IMF openly criticises UK government tax plans" by Natalie Sherman & Tom Espiner.

Article: "PM Johnson says on Brexit: still problems, we'll thrive without a deal" by Reuters.

Article: "Kwarteng ‘betting the house’ with plan that puts debt on ‘unsustainable’ path" by Sam Blewett.

Article: "Trickle-Down Economics Isn't Even a New Con" by Wikipedia.

Article: "Oregon gas prices jump 50 cents as refinery issues cut fuel supply" by Jayati Ramakrishnan.

Article: "Layoffs, shutdowns hit mortgage industry as high rates crush lending" by Emily Peck.

Article: ""Our end goal was to brutally murder Pence & Pelosi, & sadly today they are still breathing"" by kpete.

Article: "Norway opens gas pipeline to Poland" by Newsnpr.

Article: "Precautionary Principle" by Wikipedia.

Article: "DeSantis says more than 2 million under evacuation orders" by Jared Gans.

Site: Pitchfork Economics.

Article: "Nixon shock" by Wikipedia.

Article: "Did You Know Pennsylvania Exports More Electricity Than Any Other State?" by Paul Crowe.

Article: "Number and Capacity of Petroleum Refineries " by US EIA.

Article: "Mike’s Midterm Tsunami Truth #3" by Michael Moore.

Article: "Fed to take rates higher than previously expected; more pain ahead" by Indradip Ghosh.

Article: "Layoffs, shutdowns hit mortgage industry as high rates crush lending" by Emily Peck.

Article: "Yes, Mortgage Rates Are Now Over 7%, But It's Complicated" by Matthew Graham.

Article: "These are the 10 U.S. cities where housing markets are cooling the fastest—and only one is in Florida" by Celia Fernandez.

Hour Three: Are There "Living Increases" coming to Social Security and Medicare?
- Alex Lawson, Executive Director - Social Security Works / Strengthen Social Security

Article: "Progressives Applaud Biden for Lowering Medicare Part B Premiums" by Kenny Stancil.

Article: "Aducanumab" (Aduhelm) by Wikipedia.

Article: "Social Security’s Cost-of-Living Increase Will Be Largest in Four Decades, an Estimate Says" by Mark Miller.

Article: "Oregon’s New Medicaid Waiver: Policy and Budget Implications" by OHF.

Article: "California Expands Medi-Cal to All Eligible Adults 50 Years of Age and Older" by Gavin Newsom.

Article: "Tommy Douglas" (father of Canadian Healthcare) by Wikipedia.

Article: "California to make its own low-cost insulin, governor says" by Aya Elamroussi.

Case: "Citizens United v. Federal Election Commission" (2010).

Article: "Medicare Advantage in 2022: Enrollment Update and Key Trends" by Meredith Freed, Jeannie Fuglesten Biniek, Anthony Damico, Tricia Neuman.

Article: "Smackdown: Biden takes Republicans to the woodshed over plans to sunset Social Security and Medicare " by Ty Ross.

Article: "Alf Landon" by Wikipedia.

Article: "Christopher A. Wray" by Wikipedia.

Article: "Far right preparing army of ‘poll watchers’ eager to find proof of conspiracy theories in ‘22 vote" by David Neiwert.

Article: "In rare intervention, state chief justices warn SCOTUS away from blowing up federalism" by Joan McCarter.

Article: "Operation Eagle Eye (United States)" by Wikipedia.

Article: "Herbert Spencer" by Wikipedia.

Article: "Social Darwinism" by Wikipedia.

Article: "What Happened With Merrick Garland In 2016 And Why It Matters Now" by Ron Elving.

Law: "Telecommunications Act of 1996" by Wikipedia.

Article: "C-SPAN" by Wikipedia.

Article: "Great Depression (1929 - 1930s) by Wikipedia.

Article: "Medigap" by Wikipedia.

Article: "Property tax relief expansion offered to California homeowners" by Appeal-Democrat.

Article: "Medicare Part D" (Medicare prescription drug benefit) by Wikipedia.

Article: "The beach-house bailout: Rich who choose high-risk property should pay to protect themselves" by Brian M Johnson.

Thursday on The Thom Hartmann Program, 12-3pm ET

I'll be talking with Dr. Stephanie Kelton, Professor of Economics-Stony Brook University / Executive Director-MMT Project & a leading expert on Modern Monetary Theory / Former Chief Economist-U.S. Senate Budget Committee (Democratic Staff) / Author - The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy / Find more commentary & analysis by Stephanie Kelton at The Lens, on Substack.com

Plus, Matt Castelli, Former CIA Officer, focused on intelligence collection and counterterrorism operations, serving in Afghanistan and Iraq / former Director for Counterterrorism-National Security Council, Obama Administration / Candidate for Congress (D-NY, 21st District) running against Republican Elise Stefanik

And, the best of the rest of the news along with your calls right here on...

The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week for "we the people"

And don't forget...Democracy is NOT a spectator sport...it begins with you...

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