- Reduce taxes for the rich in the hope that they will invest and create jobs. WRONG: This policy has negative results in the age of automation, offshoring and financial tricks. Employees' wages cut into profits and the employers want to keep them low or non-existent. This only WIDENS the gap between rich and poor and reduces money available to the government to make needed infrastructure improvements, for education, healthcare, social support services, etc.
Showing posts with label self-sabotaging. Show all posts
Showing posts with label self-sabotaging. Show all posts
Monday, June 15, 2020
Why Conservative Economic Policy is the Root of our Economic Troubles
The core principles of conservative economic policy (aka neoliberalism):
Thursday, May 2, 2019
The Race to the Bottom?
Why on earth would anyone want to go back to the neocons?
Do they want the kind of economic policy that shrinks the middle class even more and makes billionaires of CEOs.?!
Change takes time.
The economic divide really took hold with the Reagan/Thatcher philosophy and since then we've been working in a siphon-up rather than trickle-down economy.
The extremely wealthy earn interest on our debts - that is their "work", their contribution. They do not reinvest in business ventures that employ people. They invest the tax cuts - promised them by the Conservative in return for political support - in machines that replace employees or in stock options to bump up the bonus cheques. They enjoy lives of influence and easy privilege while the hardworking person is scared to complain about wages for fear of losing his or her job, defaulting on mortgage or rent, or payments for that big shiny new RAM truck.
Still, so many hardworking people vote Conservative and continue to support the kind of economics that breaks their backs while cutting their social services and other public benefits. Is it merely that they resent sharing social goods and they'd rather make themselves worse off to prevent sharing the wealth with others? Is it that they'd rather lash out at women or minorities than the real causes of their struggle, the wealth divide? Or is it they'd rather lash out at well intentioned middle class "intellectuals", calling them elitist? Let's hope not! That's the politics of resentment, the race to the bottom!
Do they want the kind of economic policy that shrinks the middle class even more and makes billionaires of CEOs.?!
Change takes time.
The economic divide really took hold with the Reagan/Thatcher philosophy and since then we've been working in a siphon-up rather than trickle-down economy.
The extremely wealthy earn interest on our debts - that is their "work", their contribution. They do not reinvest in business ventures that employ people. They invest the tax cuts - promised them by the Conservative in return for political support - in machines that replace employees or in stock options to bump up the bonus cheques. They enjoy lives of influence and easy privilege while the hardworking person is scared to complain about wages for fear of losing his or her job, defaulting on mortgage or rent, or payments for that big shiny new RAM truck.
Still, so many hardworking people vote Conservative and continue to support the kind of economics that breaks their backs while cutting their social services and other public benefits. Is it merely that they resent sharing social goods and they'd rather make themselves worse off to prevent sharing the wealth with others? Is it that they'd rather lash out at women or minorities than the real causes of their struggle, the wealth divide? Or is it they'd rather lash out at well intentioned middle class "intellectuals", calling them elitist? Let's hope not! That's the politics of resentment, the race to the bottom!
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