Archive for July 31st, 2010

by JC

Problembear’s post the other day about letting the Bush tax cuts for the rich expire has sparked a lively debate between Big Swede and Mr. Benson, and pb and I. The governing philosophy on their side it seems, is this notion that the more money the rich have, the more jobs they will create. Here’s Big Swede:

“Will raising taxes on the wealthy increase jobs?”

This is nothing more than regurgitated reaganism and its trickle-down, supply-side economic theory. BS and Mr. Benson seem to be wishing for a return to the days of a “shining city upon a hill.”

I see this as nothing more than wishing for a new era of neo-fuedalism where the success of the country is dependent upon the most wealthy individuals. And because we are dependent upon them, we must give them whatever they ask for, because the consequences of not doing so are dire: Who will create the jobs? Who will buy the luxury items that drive economic growth and technological advance…

The inequity in wealth between the rich and the poor has returned to early Depression-era levels. Congress is awash in crony capitalism, and the Obama administration is mired in corporatism. Corporations have been given first amendment rights by the Supreme Court. Wall Street dictates financial policy. The health insurance industry controls access to, and provision of health care. Energy companies must never be held accountable for fear we’ll have another return to a Carter-era energy shortage.

And we’re being asked by conservatives to preserve the Bush tax cuts for the wealthy, because, well, because who else is going to create jobs?

This is nothing more than sheer economic blackmail. It is more than looking back for guidance from Reagan, it is looking to the dark ages and a return to the comfort of the lord in his castle on the hill, surrounded by his serfs who will do his bidding in return for a small scrap of land to sleep on, and enough of a share in the crops in order to not starve.

This drive to let the rich and powerful run free among us, dictating policy and our economic future paints an ugly picture of the state of our union. For when the wind blows foul from the past, it is time for those who value true freedom and independence to declare that enough is enough.

This debate is not about taxes, as the tea baggers would have us believe. But they are just tools of the rich and powerful used to create a smokescreen behind which the lords can solidify their grip on our nation.

As Gharrett Johnson wrote in “Slouching Towards Neofeudalism”:

“Neofeudalism isn’t just about the powerful taking over everything. It’s about conditioning the poor to accept their designated role in society, even fighting to defend the ability of the wealthy to exploit them. It requires working people to do things that are against their own interests, and nowhere is this more true than in our current economic system.”

This is about the future of our country, and what it will become. This isn’t about politics. It transcends the two party system. It is about whether or not the masses are willing to become subservient to money and power. It is class warfare.

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