Friday, January 20, 2012

Welfare for Billionaires––Only Billionaires

If you count corporate welfare and tax subsidies of rich people and private companies, the U.S. is a welfare state but one that supports the rich and corporations rather than the poor and working classes. A prof from Washington State University explains it very well.

Moyers & Co discuss how a political system steered by billionaires benefits billionaires.

(Big surprise.)

Meanwhile... The sad and disastrous fact is the billionaires have their money and are content to allow the western economies to collapse rather than forfeit any of it to support such "socialist" schemes as roads and universities and libraries and hospitals. As if the public good is an anarchist plot. A prosperous nation is an insult to their belief system. Infrastructure made it possible for them to get rich, in fact multiplied their wealth-creation with the efficiencies cooperative systems create, but they think nobody else exists in their closed system of spas and resorts and private clubs. Money is created for THEM. People work for THEM. Their idleness is akin to the idleness of the old Roman gods, luxurious and self-justifying. Meanwhile the lives of those who work for a living are growing narrower, shorter, meaner and more unpleasant. To reward actual work––as opposed to dividends on riches–– would inconvenience the lucky 1%. Austerity is killing the European economy rather than inconvenience rich Europeans. Austerity is how the rich teach working people to be poor. It's not happening by mistake. Here's an enlightening article from the New York Review of Books.

How patriotic is it to offshore your millions? Is it worse when those millions are earned from exporting jobs to countries where people work harder and longer for a dollar a day? Is it OK if you sing God Bless America while you are doing it? That's Romney's approach.

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