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Showing posts with label trickle down. Show all posts
Showing posts with label trickle down. Show all posts

Monday, August 19, 2013

Response to Sanjay Sanghoee's blog on HuffPo

The current class war began January 20, 1981, the day that Ronald Reagan took office. He and Nancy made it a point to undo the populism that Jimmy Carter had brought to the White House, with Nancy infamously holding $5M cocktail parties while the country went through 3 separate recessions, all caused by what his former-opponent-cum-Vice-President George HW Bush had labeled 'Voodoo Economics' or what came to be known as 'Trickle-Down Economics'. 

Reagan was a strong proponent of privatization and of limited government. You have to ask yourself why. Why do the wealthy want limited government? Is it just because they want lower taxes? No, that's not all. Limited government means limited power to oversee things like predatory lending, byzantine derivatives, shoddy work at top-tier prices, sub-standard materials in things like roads and bridges, and on and on. If they can get by on the cheap, they pocket the difference. If they can get by without that pesky guy from the Labor Bureau looking over their records, they can pay people whatever they want and pretend they only worked half as many hours, thereby pocketing the tax difference.

Take every "white collar" crime you've heard of from Martha Stewart's insider information to defense contractors underbidding and overcharging. Make 10,000 copies of each crime, then mix them all up and scatter them piecemeal all over your list of corporations. That's what privatization will lead to, but it will conveniently skip that annoying indictment and prosecution process and won't lead to jail, but to a new cabana in the USVI.

Privatization is the glue that binds class warfare as well as the engine that powers it. If the wealthy own it, the government can't very easily control it, and when they own every-damned-thing, the government will be a toothless tiger. 

Remember what the poet John Donne said, and think about it in a privatization context: "If a clod be washed away by the sea, Europe is the less. As well as if a promontory were. As well as if a manor of thy friend's or of thine own were." 

When we allow a single piece of public property that should remain in public holding to pass to privatization, America will be the less.

Monday, October 31, 2011

Conservative policy failures and the failure of the two-party system

It has been the agenda of the GOP since Ronald Reagan's administration to broaden the gap between the rich and poor. This serves the purpose of preventing more people from achieving ultra-wealthy status and separates the Haves from the untouchables, the Have Nots. Be objective. Look for yourself. Read everything whether you agree with it or not, and do so with an open mind. I come from a long line of fiscal conservatives, many of whom have since left the Republican party, as I have. Members of our family were in Henry Hudson's expeditionary party, fought in every war from the Revolutionary war on. We have always been conservatives, but for the last 30 years, and even then it has been a slow exodus from the GOP. But you can't call yourself a fiscal conservative and simultaneously believe that the policies of Reagan, Bush 41, & Bush 43, as well as those of the Do Nothing 112th Congress are conservative. They're not. They have created a welfare state, but not one which helps those in need. They've created a welfare state which has served the ultra-wealthy. Trickle-down economics is a myth, such as it's portrayed. Twenty years worth of conservative administrations hasn't created the jobs they boast. It's all been a lie. As for the Democrats, they're not significantly better, either. It's time to abolish the two-party system and urge other parties into the mix. We also need to enact legislation which will force candidates to accept public campaign funding to remove money from the equation, and we need to ban lobbying completely. When wealthy concerns alone have the ears of lawmakers, individual rights get trampled.