THE ECONOMICS OF SOAKING THE RICH

If you're going to use the coercion of the state to enforce democratically derived decisions, then vote with and for the poor. The better the poor are doing, the better everyone is doing. It's that simple.

Right now, state and local governments in the U.S. are cutting programs, services, and cutting jobs. Some are raising taxes.

Here's the deal. Don't raise taxes on anyone who isn't rich. It's that simple. Raise taxes on the rich enough to make up for the shortfall caused by the economic recession/depression. That way, spending by the population will not go down nearly as much. All the jobs that depend upon that spending will continue. The only thing that will happen is that the rich won't be quite so rich. That's all. They'll have to dig into their savings to loosen it up to pay the taxes. They'll still spend.
Source and here

The rich wanted tax cuts. They argued that such cuts for them would allow them to invest more in productivity thereby generating more and better jobs. It didn't happen. The jobs became lower paying. The rich got richer. They became insatiable. Their greed infected the real estate market and lending (which were already infected). You are seeing the results with all the foreclosures and the buying up of the real estate by foreign investors at sometimes 50 cents on the dollar. That's just so far. Wait until the next wave of foreclosures hits – the ones just above subprime.
Source

I qualified at the beginning by saying, "If you're going to use the coercion of the state to enforce democratically derived decisions." I said that because the coercion of the state is inherently evil. It may be the lesser of evils relative to using that state to give tax breaks to the ultra-rich, but it's still evil. There is another way.

It's call the Christian Commons Project™.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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