Tuesday, February 11, 2014

The economic principles of shared success the 1% repress

Robert Reich said that we've forgotten the economic principles that once made the US the land of opportunity for all. No, those principle haven't been forgotten so much as repressed. Those principles led to just about everyone having a successful piece of the pie, including the rich. But they weren't rich enough, for they can never have enough, so they regressed to base human greed and took the economic system with it. Fuck if they care. Those repressed principles are per Reich:

"America's real job creators are consumers, whose rising wages generate jobs and growth. If average people don't have decent wages there can be no real recovery and no sustained growth.

"The rich do better with a smaller share of a rapidly-growing economy than they do with a large share of an economy that's barely growing at all.

"Higher taxes on the wealthy to finance public investments -- better roads, bridges, public transportation, basic research, world-class K-12 education, and affordable higher education - improve the future productivity of America. All of us gain from these investments, including the wealthy."

Through supply side economics, destroying unions and deregulating banks all that went to hell. Or rather, all that wealth went to the top 1%, which is exactly the plan. Hence they bought government which continues to create laws that used to be crimes and allow the biggest bank robberies of all time. Only the banks are doing the robbing now.

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