Income Inequality

Tax avoidance, crippled services, monster deficits

“The Republicans have got the facts backward. A rising tide definitely raises all boats. They somehow believe that rising boats raise all tides.”

William O. Beeman, commenting on Bill, Barack and Us by former NY Times editorial pages editor, now Op-Ed columnist, Gail Collins:

“Isn’t it clear that the Republicans believe that everything can be achieved through privatization and individual effort, whereas the Democrats espouse communitarian effort, especially for those projects that are beyond the scope of the individual? The Republicans have got the facts backward. A rising tide definitely raises all boats. They somehow believe that rising boats raise all tides.

“Today I am writing from Europe–a place the right wing despises. Every public facility is planned with care, anticipating the needs of the public. Whatever it is–public parks, transportation, medical care, education–the public gets far more than it puts into the system.

“In the U.S., the raw market-driven economy tries to give people as little as it possibly can for their money in order to maximize private profit. If you got rich by shorting the public, that’s fine for you, but for the rest of the country the end of the stick is very short.

“The Europeans have lots of wealthy people among them–they are just not quite as wealthy as the American gazzilionaires and the result is no overt poverty, housing for everyone, care for the unemployed, no need for private transportation for most people and longer life-spans. Isn’t that worth the sacrifice of a second or third yacht? Apparently not for the Romney/Ryan crowd, for whom sickness, homelessness, and unemployment are seen as character flaws rather than artifacts of a broken social contract and badly skewed economic system rewarding greed.”

H/T: Susan H.

Categories: Income Inequality, USA

2 replies »

  1. Can the “rich” continue to “short” the rest of us on the planet? I think not. This whole discussion needs to be had in North America. It would appear the Europeans, are way ahead of the curve on this one. Collective thought and social engineering as it were, are “not” alive and well, in Canada and the U.S. The social contract has to be re-written and re-affirmed by governments. Given the massive “financial implosion” created during successive Republican administrations and indeed Liberal governments here in Canada, and don't forget the current “frugal” conservative government, I beleive we have to begin a shift to a more “balanced” financial system.
    Otherwise the road to ruin, poverty on a grand scale and anarchy is looming ahead, of us in short order.


  2. Anyone who believes that faith in our political\business\academic entwinement will result in A Great Future is unlikely blessed with a grasp of reality.

    Economics? In the hands of supine journalists, payola professors, self-seeking pols, hireling think tanks, and grant hungry schools, it has become a preferred Superstition: a baseline religion for an absurd, dysfunctional and self-destructive Cargo Cult.

    The “Moral Sentiments” of Adam Smith are gone. Now, if a deal is parasitic, reprehensible, and a danger to the public, but makes somebody money, that's how we are instructed to measure Worth.

    Ethics, Morality, Decency, a balance of reciprocal considerations, all have been excised from what really has been decades of barbarian greed promoted by the usual suspects as Tough Decision Making a la Malthus and Darwin.

    Our financial implosion? Intentional. Inevitable. Continuous. What else can be expected when governments subsidize the offshoring of entire industries, the gutting of the educational system, the fake trade-off of calling taxes mere “fees”, and the effort to further undermine their populations with a parade of ludicrous Trade Deals that repudiate human rights and give away vital resources?

    For those who enjoy holidays in 3rd world countries – where it's Cheap, but it's never Free – you no longer have to leave home.


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