Could a good government cope with capitalism? Yes.: Higher wages only translate into higher prices because the bought government allows that to happen. Profits of corporations are higher than theyve ever been, and a greater share of GDP than any time since the Gilded Age. Wages are the lowest proportion since that same time. Of course the .001 per cent would love to keep things that way; feudalism is their preferred mode of organizing society. But a real government that cared about society rather than high society could increase the minimum wage, or pass living wage laws on a national scale, and institute price controls at the same time, taking back some of the vastly excessive profits from increased productivity that the villainaire classs corpoReich has siphoned up and hoarded. They are not divinely entitled to whatever they can seize, after all, although they behave as if and apparently believe this to be the case (speaking of REAL entitlements, rather than the EARNED retirement and elders medical care that they PAID FOR throughout their working lives, which the millionaire punditocracy routinely mischaracterizes by that label). When the far-left radical Dwight Eisenhower was president, the top bracket was taxed at a reasonable level of over 90 per cent, more than double what it will be if Barack Half-Measuress Obamas anemic restoration of Clinton-era taxes goes through. A real government would also not allow a hereditary aristocracy to raise its ugly head; when multi-millionaires and soon-to-be-trillionaires are allowed to pass on their vast, ill-gotten fortunes to their spawn with minimal inheritance taxes, not only is the revenue aspect of government deprived of sustenance, but the ruling class becomes attenuated and inbred, as happened in Rome at the end of its Republic period. -- Richard Clark
Posted on: Wed, 31 Dec 2014 16:13:46 +0000
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