Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts
Tuesday, November 09, 2010
Speaking Wealth to Power
"Mr. Paul you've just been elected United States Senator, what are you going to do?" "Well, Wolf, I'm going to stop this God awful war that's being waged against America's wealthiest citizens." We'll find out later this week he misspoke, I'm sure. American conservatives have been waging a philosophical war in this country since Ronald Reagan became president that is focused on letting the rich man run free and giving him a chance to spread his beautiful wealthy wings. Central to this war is the belief that government is smothering the invisible hand of the free market, capitalism, freedom of choice, I support the troops, God bless America, blah blah blah. ..The central philosophical strategy employed in this philosophical war were elegant terms developed in the Reagan administration such as "trickle down economics" and "starve the beast." Which in practice simply means cut taxes, particularly for the wealthy, allow the money of the wealthy to slowly trickle down to middle America and starve the federal government of money, forcing it to shrink in size. In practice none of this works. The government has at no point since and including Reagan shrunk in size, however conservatives have been masters at bankrupting the country. Reagan and Bush I quadrupled the debt, and we all know how W. Bush faired. Starving the beast amounts to nothing more than a magnificent way to make the government financially insolvent. The trickle down part? I'll let you figure out for yourself why rich people don't start "makin' it rain" on the rest us.
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