Kiss Up. Kick Down.
Paul Krugman wrote an excellent piece about The Austerity Delusion for the Guardian.
Another Nobel economist, Joseph Stiglitz, has been warning about the same things. But concentrated wealth can create its own reality.
The class who own for a living use large amounts of cash (they have trillions) to create ads warning about the debt being placed on the children of the people who work for a living.
But this is a bogus warning. They are placing the debt on working people by shifting their tax burden onto working people.
They say public debt will burden our children, but they only want to stop the spending that helps working people.
They are gung-ho about corporate military contractor spending and private prison spending. They oppose education funding and infrastructure funding, calling it wasteful. They oppose fairer taxation that would place the tax burden where it was when we actually had a prosperous working class and functioning infrastructure.
They oppose public spending, calling it a burden on our children. This is as insane as saying we should starve our children to protect their inheritance. It carries enormous social costs. This kind of narrow, self-serving greed is what erodes civilizations. It ultimately leads to collapse. Of course, the wealthy will have offloaded their wealth to remote islands by then.
Even in Kansas, working people are talking back. One waitress has caused quite a stir.
Would you like to see a picture of vast wealth on parade? They always gather to watch two persons of color beat each other up. Now they come in luxury jets instead of limousines. Who paid for that airport? The working taxpayer.
The Republican solution is to give the small class of people who own for a living (whose irresponsible behavior caused the Great Recession) a big fat bonus. A bonus that will perpetuate their wealth and eliminate their obligations to the society that made them rich.
Their hubris is breathtaking. Perhaps because their billions will buy ads to persuade the public to do what they want the public to do. They have only contempt for those who dislike concentrated wealth. People like Pope Francis. In this political climate Jesus wouldn’t have been let near a microphone.
Labels: "the 99%", austerity, Austerity Delusion, economic fairness, economic stupidity, Estate Tax, Joseph Stiglitz, Kansas, Kiss up kick down, Paul Krugman, Pope Francis, Republican economy, the 1%, wealth inequality