Sunday, March 27, 2016

Robert Reich envisions The People's Party

In this piece Reich sees the establishment continuing on after this election, with further cuts to social programs and tax breaks and subsidies to the wealthy. Which will cause yet another crash and the people will finally be fed up to form a third Party. Said Party will draw in the disaffected from the rigged system on all sides and will stand for the following. A nice vision:

"Getting big money out of politics, ending 'crony capitalism,' abolishing corporate welfare, stopping the revolving door between government and the private sector, and busting up the big Wall Street banks and corporate monopolies. The People’s Party also pledged to revoke the Trans Pacific Partnership, hike taxes on the rich to pay for a wage subsidy (a vastly expanded Earned Income Tax Credit) for everyone earning below the median, and raise taxes on corporations that outsource jobs abroad or pay their executives more than 100 times the pay of typical Americans."

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