Return of the Revenge of the Super-Rich

February 24, 2011

We’re in the middle of what Robert Reich calls The Republican Shakedown:

The truth is that while the proximate cause of America’s economic plunge was Wall Street’s excesses leading up to the crash of 2008, its underlying cause — and the reason the economy continues to be lousy for most Americans — is so much income and wealth have been going to the very top that the vast majority no longer has the purchasing power to lift the economy out of its doldrums.

He goes on:

The truth is if the super-rich paid their fair share of taxes, government wouldn’t be broke. If Governor Scott Walker hadn’t handed out tax breaks to corporations and the well-off, Wisconsin wouldn’t be in a budget crisis. If Washington hadn’t extended the Bush tax cuts for the rich, eviscerated the estate tax, and created loopholes for private-equity and hedge-fund managers, the federal budget wouldn’t look nearly as bad.

If you still need good reasons to be angry about the state of the country right now, there they are.

And if you disagree, then you probably disagree on the grounds of principle and political philosophy, both of which are abstractions.  You can’t disagree on the basis of concrete facts and figures, because those all support what Reich is saying.  Reality has a strong bias against Republicans.

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